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Medical Practice Loans & Financing

Doctors and other medical professionals often take our medical practice loans to start their business once they are qualified to do so. These loans enable them to build or lease a building, hire medical and professional staff, and pay for incidentals. They are specially designed for the challenges that arise for a business that often needs to wait on insurance companies for payment.

Medical business loans are intended for the purpose of building a medical services business. This can be doctors offices, lab facilities, and more. Doctors and health care professionals use these loans to promote their business, purchase vehicles, get new equipment for diagnostics, and help pay salaries and wages for employees and partners of the business.

How To Use a Construction Business Loan

Expansion

Expanding business operations requires a good plan and business loans. With flexible options, loans allow for adding marketing, building a new facility, etc.

Equipment

Small business loans for doctors often help pay for new equipment in the office. From computers to diagnostics, there are plenty of ways to use the funds.

Payroll

Medical businesses often leverage medical practice loans to help cover payroll and other regular expenses.

Cash Flow

Need more cash flow? Cash flow problems are often solved when you use the right medical finance loan.

Medical practice financing options are used for buying equipment, furnishing offices, paying building rent, covering payroll, improving cash flow, and more. These loans are critical when doctors want to start a new practice.

Why Apply for a Medical Practice Business Loan?

Medical professionals like family physicians, dentists, dermatologists, chiropractors, and even massage therapists are some of the entrepreneurs who can apply for medical practice loans.

It’s important to first figure out what you need a medical practice loan for in the first place. If you’re wanting a little more cash flow, something like a line of credit might be a better solution than a term loan. Start by figuring out what you need the money for, and then look for loans.

01

Invest in New Technologies

It’s great to take on multiple projects when the seasons are nice. Using a construction business loan gives you the freedom to work on more than one build and have plenty of money to do it.

02

Invest in Marketing

When businesses expand, they need their customer base to expand with them. A medical practice loan gives a MedSpa, doctors office, or lab the ability to market their new services to gain new customers.

03

Ensure Regulations Are Met

Meeting regulations is essential. When regulations change, doctors must be able to meet the new demands quickly, and that’s one of the benefits of business loans for healthcare professionals.

Reach out to one of our Loan Specialists to apply for construction business financing. It’s best to have all your financial information for your business including income, expenses, assets, and profits for a year or more. If you’re just starting out, lenders may look at your personal credit to make a determination.

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Minimum Eligibility Requirements

Grow your medical practice without hurting your cash flow. When you meet these minimum requirements, you may be eligible for a loan with Hawthorne Business Capital.

Minimum 6 Months in Business
$150K + Annual Revenue
No Open Bankruptcy
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