My Business Credit Lines

Displaying listings from all locations.

Use the fields below to filter listings for a particular country, city, or state. Start by selecting the top most region, the other fields will be automatically updated to show available locations.

Use the Clear Filter button if you want to start over.

Medical Industry Lending

Medical Industry Lending

The U.S. healthcare industry is worth $ 3 trillion or $ 9,523 per person and the country spends 17.5% of its Gross Domestic Product (GDP) on healthcare. This is the highest level of healthcare spending in the world both in dollar terms and as a percentage of GDP. This massive expenditure has led to a burgeoning demand for medical services and consequently medical industry lending. A small business in the medical sector cannot hope to do well unless it has the best equipment and keeps up with the latest trends in technology and innovation in its field of operations. Depending upon its area of specialization, a clinic would be required to buy dental equipment, medical lasers, diagnostic equipment, x-ray machines or optometry equipment. Practically every medical facility that purchases this equipment would need to arrange for financing. Due to this reason, medical industry lending is an important part of the commercial finance sector and a clinic requiring finance has the option of approaching several sources for its funding needs. Banks are active in medical industry lending. They offer up to 100% finance on the price of the equipment and terms of 10 years or even more for repayment. In fact, you can choose between fixed and floating rates of interest or opt for a step-up monthly payment structure if you anticipate that initially your earnings from the business will be low. Medical industry lending rates are the lowest if a bank is providing you with the required finance. But getting a bank to approve your loan is not easy. The bank will look for a high credit score in the region of 720, the number of years that your clinic has been in operation and will also examine every detail about your business. The trouble that you will have to go through to get a bank loan is worth it as your clinic will get access to low-cost funds, putting it on a sound financial footing. Medical industry lending is also served by the dealer who sells the medical equipment. Often the dealer will be in a position to offer you a low rate of interest. But at other times, you will be getting finance at commercial rates. You may even be able to arrange a lower interest rate yourself from an online lender. Before going ahead and buying expensive medical equipment, it is a good idea to do a cost-benefit analysis to determine whether your investment makes business sense. In addition to providing better healthcare to your customers, the equipment you purchase should result in greater profits for your business.

With over 500 business lenders, you are sure to find one that can help your small business get the money it needs to succeed. Most of the lenders work with all types of business lending options and are flexible with the amount you may be asking for. Most times you just need to fill out a quick and simple loan application and you could get your money in as little as 24-48 hours. It’s time to see what your business can do!

Accountable Capital Corp.

View Details

(41 reviews)

Atlas Capital Solutions

View Details

(1 review)

1st American Commercial Lending

View Details

(0 review)

1st Choice Advance

View Details

(0 review)

1st Merchant Funding, LLC

View Details

(0 review)

Accountable Capital

View Details

(0 review)

AdvancePoint Capital, LLC

View Details

(0 review)

Advantage

View Details

(0 review)

Advantage Capital Funds

View Details

(0 review)

All Business Loans

View Details

(0 review)