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Loan Types
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See funding solutions from 75+ nationwide lenders with a single application.
Apply for financing, track your business cashflow, and more with a single lendio account.
Applying is free and won’t impact your credit.
Sahil Dosaj
APRIL 26, 2022
Rocky Christensen from Lendio helped me secure a loan for purchasing my medical building. He put me in contact with Monarch Financial. Working with them was a pleasure. They are both very attentive to details and highly responsive to any questions. They made the process easier and stress free. I would highly recommend them.
M Colvin DO
FEBRUARY 17, 2021
The process was fairly easy to follow, there were directions for every step. We recommend printing the list of what you may need to upload to make the application process go smoothly without timing out. We were able to log in to view the process step by step. Thank you and Thank You to our Hartford. Insurance for partnering with you and letting us know! We highly recommend Lendio, you helped save our private medical practice during this trying time.
Dr Marianne Goodman
June 3, 2020
Once the issue of organizational documents was cleared up (there are none since I am a single practitioner in the medical field unincorporated and unaffiliated with other partners or organizations) the process was smooth and executed efficiently and speedily. Thank you for your assistance especially in the face of all the confusion and difficulty finding a lender.
Whether you’re looking to buy an existing medical practice, launch your own from the ground up, or grow the practice you already have, Lendio has you covered.
With a medical practice loan, you can start, operate, or grow your medical business. There are many lenders who offer solutions for all types of healthcare professionals, like doctors and dentists. No matter what your goals are, a medical practice loan may help you meet—or even exceed—them.
Ready to find the right business loan for your medical practice? Simply fill out one short application to get matched to a number of financing offers. We take the time and hassle out of financing your medical practice, so you can focus on what you’re good at: serving your patients and improving your bottom line.
Apply in just 15 minutes and get funded in as little as 24 hours
Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.
Compare loan offers from multiple lenders. With over 75+ lenders in our network, your funding manager will work with you to ensure you get the best rates and terms for your business.
Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.
One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.
Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.
We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.
Get custom advice for your industry.
Get custom advice for your industry
Invoice factoring and revenue-based financing both use future revenue as collateral for a loan. Certain lenders we work with specialize in factoring specific to the medical industry, based on your insurance receivables.
Debt financing is when you borrow money for your medical practice for a set term with a set rate and monthly payment. Two examples of debt financing include term loans, which offer a lump sum of money upfront, and SBA loans, which are partially guaranteed by the U.S. Small Business Administration (SBA).
A line of credit offers a flexible way to finance your medical practice. Upon approval, you can withdraw funds as you need to, up to a set credit limit. You’ll pay interest only on the amount you borrow, rather than the entire amount for which you’re approved.
Equipment financing is an option if you’d like to buy or lease equipment for your medical practice, like X-ray machines, patient monitors, or surgical tables.
Outside of lenders that specialize in insurance receivables, there are no loans that are exclusively designed for medical practices. However, there are multiple types of business financing solutions that can provide working capital to cover business expenses or facilitate growth for a medical practice. These include invoice factoring, revenue-based financing, debt financing, line of credit, and equipment financing.
Requirements for a medical practice loan vary by lender and loan type. Minimum requirements start at the following:
A medical practice loan can help you cover virtually any business-related expense. You might put the funds towards startup costs, working capital, inventory, equipment, commercial real estate, acquiring a practice, insurance, or refinancing business debt.
There are several types of providers a medical professional can seek financing from. The Small Business Administration (SBA) offers partially guaranteed loans through an SBA-approved lender. Banks and credit unions also offer term loans, equipment financing and lines of credit. Online lenders offer a range of products including term loans, lines of credit, equipment financing, cash advances, and invoice factoring. These online lenders frequently have easier eligibility criteria than a bank or the SBA.
An online marketplace like Lendio lets you apply in just 15 minutes and get funded in as little as 24 hours. You can compare medical practice loans from multiple lenders and work with a funding manager to lock in the best rates and terms. Plus, you’ll receive personalized support along the way.
An SBA loan is partially guaranteed by the U.S. Small Business Administration and distributed by an SBA-approved lender. Depending on the loan type and your unique situation, you may receive up to $5 million in funding and lock in lengthy repayment terms of up to 25 years.
There are several types of SBA loans, such as SBA 7(a) loans, SBA 504 loans, and microloans. These products can help you cover working capital, debt financing, fixed assets, like a building, land, or machinery.
*based on 136 Lendio employees who responded to an internal poll
Applying is free and won’t impact your credit
Talk to a rep at (855) 853-6346Mon-Fri 7:30am-5pm MST