Flexible Terms Of Working Capital For Doctors
Doctor & Physician Loan Options
One of the biggest obstacles doctors face is having enough cash flow.for their practice. This problem is so common today not only for doctors,but, to dentists and other medical practitioners. The reason for this is that they have to wait so long for health insurance companies to pay medical claims which sometimes takes up to 90 to 120 days before they receive their payments. For the more established doctor it might not be a problem but for the doctor that just started out cash flow is crucial to stay in operation.
Another challenge in cash flow for doctors is the high cost of staying up to date on the latest medical equipment. Last years data 2017 it was reported that 160 billion was spent on medical devices and diagnostic machines. Because technology is always changing doctors, physicians, and other medical practitioners are always struggling to find funding or leasing to bring these new medical devices to their practice.
With the help of alternative lenders in the marketplace today doctors, physicians and other medical practitioners are able to secure a small business loan or equipment lease must easier than going to a big bank for a traditional loan. The process is so easy as approvals take about 1 day and funding takes 5 – 7 business days. The traditional loan process took weeks for just an approval and 30 – 60 days before funding once approved. The good thing about alternative lending is that the doctor doesn’t have to worry about his personal score when applying as many of the lenders we use focus more on the revenues of the practice. This gives any medical practice with limited credit a chance to get funding.
Types Of Loans For Doctors
- Equipment Leasing
- Equipment Purchase
- Line Of Credit
- Personal Loan
- Merchant Cash Advance
- Small Business Loan
What Can Medical Practitioners Do With The Money?
- Buy Equipment
- Pay Debt
- Working Capital
- Advertising and Marketing
- Office Space
How can American Small Business Loans Help Doctors and Their Practice?
American Small Business Loans Will Help any medical practice that needs cash whether it be for expansion, inventory, equipment, or payroll etc
Free Consultation, No Obligation
We Fund All 50 States