What You Should Know
Financing a medical practice business is sometimes necessary but the problem is that there aren’t much lenders or financial institutions in the market that provide loans to these types of establishments. Bank loans that specialized on medical practices are not that widespread either so most healthcare practitioners turn to alternative business loans to secure their much needed financing needs. The most common and preferred alternative source of financing is a business cash advance.
Dental clinics and other medical service-oriented practitioners or healthcare providers turn to merchant cash advance to secure money to buy additional equipment, refurbish exiting ones , open new branches, hire additional employees or augment other operating expenses.
A merchant cash advance offers businesses and practitioners flexibility in repaying the money since there is no set deadline to repay the money nor there are any penalties and due dates. Qualification does not rely solely on credit rating nor does it require any collateral. It’s easy to apply for and approval time is quick.
Turn Your Monthly Deposits Into Working Capital!
We help small main stream medical practices build a successful borrowing record on the re-payment of your cash advance so that you can eventually qualify for traditional loans.
Many small medical business practices are shut out from traditional loans, often due to low credit score, weak cash reserves, lack of collateral, or other reasons. And yet, all practices need capital to grow. The Medical Practice Funding Program uses a cash advance program that gives your medical practice money based on cash flow, business performance, and payment behaviors. With a broader understanding of your practice, we are able to provide you additional working capital when traditional lenders may not. And this is just the beginning.
We’ll extend a cash advance TODAY, and lay out a roadmap for you to improve your financial management to eventually qualify for traditional loans.
Practice Advantage:
We will provide you working capital according to what your cash flow can realistically handle. Since we want your business to grow, we will also give you cash flow guidance to help you improve your ability to pay loans successfully. You can then report your successful repayments so it is positively reflected in your credit scores!
You can keep borrowing until you and your practice have the credibility to qualify for a traditional loan. Then we’ll be sorry to say goodbye, but very excited about the success you have achieved by getting capital when you needed it!
The Program:
Our medical practice business program accepts daily direct debit payments which increases your success for timely payment. Daily payments means lower total interest cost in the end because principal is reduced faster with daily payments. Our program is fined-tune and tailor-suite for medical practice business so you can focus on cash flow and payment behaviors rather than your credit.
The Medical Bank Loan Program For Credit Impaired Doctors and Cash Flow Constrained Practices!
To qualify for our Medical Bank Loan Program, you must you must have a FICO Credit Score of 620, a business bank account and you must have been in the medical practice business for at least the last twelve months. That’s it!
All you have to do is complete our online application form and submit to us your latest six months bank statement (all pages).
The Medical Bank Loan Program Is The Perfect Solution For Medical Practices That Need Immediate Cash!
Our Medical Bank Loan Program provides the perfect platform for your medical practice business to acquire the much needed additional working capital. We have one of the highest rate of approval and the quickest approval time in the business. Funding takes only five to ten business days. There are no costly applications and complicated paperwork to accomplish. Even medical practice businesses that have been turned down by traditional lending institutions or those which are not eligible for financing can be funded by our program. You do not need to accept or process credit cards. We can assist you with funding based on your cash flow or we can get you approved for credit card processing even if your
business is categorized as high risk. Most importantly, you are not required to put up real estate or personal assets as collateral. Since payback is automated is typically based on cash flow, the repayment amount can vary with business activity. You pay less on leaner months and you pay more on good months.
With our program, your business will have an on-going source of capital so you can concentrate on what matters most – growing your practice business. We will provide you with immediate access to working capital from $10,000 to $100,000 so you can strengthen your company and its financial aspects which mean positive credit score. Our program is extremely easy and flexible once in place, compared to any other type of financing.
Cash When You Need It Most!
All Doctors find themselves needing capital to grow and manage their practice. At times, these practices are unlikely to obtain a traditional bank loan because of unacceptable debt to income ratios or low personal or business credit scores! Many practices, no matter how well they are run, cannot qualify for traditional bank loans due to personal credit issues, too few years in business and/or limited cash reserves. When a capital need strikes, they face few smart alternatives to the bank, and owners must turn to family money, personal loans, or even cash advance firms that may charge astronomical rates.
The Medical Practice Funding Program bridges the gap between bank loans and factoring products such as merchant cash advances.
By assessing your practices’ monthly cash flow, The Medical Practice Funding Program enables you to use the strength of your cash flow to manage demands for capital.
The Medical Practice Funding Program Committed to Your Success
We believe that small practices like yours should be able to gain quick access to financing without compromising their long term business success that’s why we offer the Medical Practice Funding Program which could give you up to $100,000 in cash.
Apply now! Fill out our online form or give us a call at 877-760-9226. Our friendly client service team is committed to your success and will typically go out their way to help you in whatever way they can.