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Financing for Medical Practice

Small business Financing

Small business Financing

Cover operational expenses such as payroll, clinic expenses, and marketing costs.
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Equipment financing

Equipment financing

Purchase or lease medical equipment for your clinic.
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How Select Funding Can Help Your Medical Practice

As a medical professional, you know that your top priority is to provide expert care for
patients. However, it's difficult when the things needed in order to do so are not available or
cannot be afforded because of tight finances. With business financing from Select Funding,
you can apply for medical practice loans to acquire new medical equipment, renovate
medical offices, hire top medical professionals and advertise your medical business.

Hire Top Medical Professionals

Hire Top Medical Professionals

Hire top healthcare professionals for your medical practice to provide an elevated patient experience. Improve the existing practice through training.
Buy or Lease Medical Equipment

Buy or Lease Medical Equipment

Keep your medical practice up to date with a business loan from Select Funding. Replace older technology with new or lightly used ones.
Renovate Medical Offices

Renovate Medical Offices

Buy new comfortable chairs and sofas, TV, or other entertainments for your patients to feel comfortable.
Advertise Your Medical Practice

Advertise Your Medical Practice

Make use of medical practice financing to implement digital marketing strategies to acquire more clients.

HEAR FROM OUR CUSTOMERS

I dealt with Select Funding and everything went at a fast pace and smoothly they accommodated my needs and requests within a short time. I would for sure recommend them to whoever is searching for Equipment funding.
WES W.
Very flexible. We have used Select Funding 3-4 times now and each one was done professionally.
George H.
​​Select Funding is very easy to use - their staff is amazing. If this is what your business needs, I would encourage you to give them a shot.
Ami F.

How it Works

Step 1

Complete your application for funding in a few minutes through our online portal or call (866) 639 0404 to speak to one of our funding advisors.

Step 2

Once we receive your completed application it will be evaluated by our automated technology providing a decision within hours.

Step 3

Funds are deposited into your business account within one business day. Equipment financing loans will be completed in as quickly as three business days.

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SMALL BUSINESS LOANS FOR MEDICAL PRACTICE

We are passionate about creating opportunities for small businesses like yours because we
believe small businesses are the lifeblood of the community.

24 HOUR FUNDING

24 HOUR FUNDING

We make decisions quickly and fund your business within 24 hours.
REVENUE BASED FINANCING

REVENUE BASED FINANCING

We look at your sales not profits
UNSECURED LOANS UP TO $500,000

UNSECURED LOANS UP TO $500,000

Get a loan without leveraging any of your assets to secure funds.
MATCH WITH THE BEST OFFER ACROSS 25 LENDERS

MATCH WITH THE BEST OFFER ACROSS 25 LENDERS

By working with over 25 lenders we can offer the lowest rates.
BUY NEW EQUIPMENT

BUY NEW EQUIPMENT

Medical Practice Financing to upgrade medical equipment.
RENOVATE THE MEDICAL OFFICE

RENOVATE THE MEDICAL OFFICE

Create a comfortable experience for your patients by upgrading furniture or installing entertainment.

MEDICAL PRACTICE RESOURCES

Learn how to market, finance, and grow your practice.

Everything Healthcare Professionals Need to Know About Medical Practice Loans

If you are a physician with a well-established medical office you might need financing to grow your practice or upgrade costly equipment. Read ahead to learn how you can apply for a small business loan for your medical practice.
Read More

11 Tips to Grow Your Medical Practice in 2022

You have successfully opened a medical practice and have been in business for a while? This is the best time to think through how you can grow your medical practice. Hire the best talent, provide patients with valuable information, stay up to date with medical technology - these are some tips to help you grow the practice. Read below for more.
Read More

Medical Practice Marketing 101

To run a successful medical practice you need to get the word out about the spectacular services that you’re offering. You can do this by building an online presence, networking with other healthcare professionals, or by creating an amazing website. Interested? Read below to learn more!
Read More

FAQ

What credit score do you need for Medical Practice Business Loans?

As a part of our minimum requirements, it is advised to have a FICO score of 500.

How can I use the funds?

We usually provide medical practice loans to help businesses buy equipment or finance other business activities such as payroll or rent.

You can use the funds to buy new equipment, furniture, and train new employees.

Are there any minimum requirements for a Medical Practice Loan?

Yes, below are the minimum eligibility requirements:

  • Revenue: $10,000/month in business deposits
  • Time In Business: 6 Months
  • Documents: 3 - Months of Business Bank Statements
  • Minimum FICO Score: 500

How long does the application process take?

The entire application process for Medical Practice financing takes a few minutes. You can use your device to complete the online application at your convenience. The online application can be found here.

What kind of documentation do I need to provide to get a loan for my Medical Business?

We try to keep the paperwork at a minimum for medical practice loans! You need to fill in our secure and quick online application and provide 3 months of business statements as an attachment to the online application.

If my application is approved for medical practice loans, how and when do I get paid?

From application to funding you can receive the cash you need in as little as two days and receive your equipment financing in as little as three days.

How can I apply for medical practice loans?

Step 1: Apply

Complete our online application or contact a loan advisor through (866) 639 0404.

Step 2: Qualify

Once we receive your completed application it will be evaluated by our automated technology providing a decision within hours.

Step 3: Get Funded

Funds are deposited into your business account within one business day. Equipment financing loans will be completed in as quickly as three business days.