Medical practice loans
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Why medical practices choose Lendio.
Lendio connects healthcare, dental, and medical practices with lenders across our marketplace who understand payer mix, billing cycles, and reimbursement turnaround.
15+
4.5
$1.04B+
9,913
Here’s what working with Lendio looks like.
Up to $5M+
As fast as 24 hrs1
1 mo - 25 yrs
A healthy practice can still be short on cash for many different reasons: money that’s stuck with a payer, a debt that’s outlived its usefulness, or growth that’s outrunning what’s collected so far. The question isn’t whether you need financing, it’s which tool fits the specific gap you’re in right now.
Once you’ve got financing in place, here’s where healthcare businesses put it to work:
- Staffing: A new physician, practitioner, or admin hire, brought on before their revenue clears credentialing and billing.
- Space: Opening a new location, or moving into an owned space from a lease.
- Programs: Launching a new specialty, program, or service line, including one that isn’t billable to insurance.
- Cash flow: Payroll, rent, or an outstanding claim, covered while reimbursement catches up.
- Debt: Paying off high-interest balances or moving them into longer, more sustainable terms.
Here’s how to get funded through Lendio.
Answer a few questions about your revenue, time in business, and what you need the capital for. Sharing a few months of bank statements is what moves things forward. You can securely connect your business bank account, or upload statements manually. This lets lenders see your actual cash flow, not just a credit score, and is what unlocks real options from the network.
Your application goes to the full network at once. It’s free, with no impact to your credit score.1
See competing options side by side, with interest rates, repayment terms, and fees. Your Funding Expert will walk you through terms and help you find the right fit for your situation.
Accept an option, and funds can reach your account in as little as 24 hours1.
Here’s how to qualify for healthcare financing.
FAQs
Yes, this is one of the most common situations we see from healthcare businesses working with Lendio. The gap between delivering care and getting paid for it is structural, and not generally a red flag. Lendio's lender network understands payer mix and reimbursement timing as part of your financial picture, not a sign of trouble.
In many cases, yes. Bank declines in healthcare are often structural. When revenue that's healthy is timing-lagged behind insurance payments, that doesn't always fit standard bank underwriting models. Lendio's marketplace includes lenders set up to evaluate healthcare businesses on the full picture: revenue, payer mix, and what the capital is being used for.
No. The minimum across our network is 600, and many healthcare businesses we work with have been funded successfully in the 600–680 range. Credit score is one input, not the whole story. Lenders also look at monthly revenue, time in business, and what you're using the capital for.
The fastest path through Lendio is 24 hours from offer acceptance to funds in your account with some financing products1. Most borrowers who complete their application in full and respond quickly to lender requests are funded within a few business days. If timing is tied to a payroll date, let your Funding Expert know upfront.
Yes. A new provider's revenue typically takes 60 to 90 days to move through credentialing, billing, and reimbursement, even though their salary and benefits start immediately. Working capital and short-term financing are commonly used to bridge exactly this gap.
Not always. Many loans for healthcare practices in Lendio's network are unsecured, relying on revenue, credit, and a personal guarantee. Equipment financing is self-collateralized. SBA loans above $50K typically require collateral if available, but a lack of collateral alone won't disqualify a strong applicant.
*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.