1) Expansions
2) Payroll
3) Equipment

Use of Funds

icon

Number of Customers

icon

Number of Transactions

icon

Amount Provided

Get Medical Loans and get more done!

Get Started

What Is Medical Practice Financing?

Fora Financial has worked with a wide range of medical practices, providing them with loans ranging from $5,000 to $750,000.

As a medical business owner, you have the immense responsibility of caring for your patients. In order to provide the highest level of patient care, you’ll need to invest in all areas of your medical practice. However, affording growth opportunities and necessary expenses can be challenging.

Join over 2,000 companies in the medical industry who have received more than $100 million in medical practice financing.

How to Get a Medical Practice Loan

With a medical practice loan from Fora Financial, here’s what you’ll receive:

  • A simple business loan approval process; credit score is not the only factor considered.
  • Approval status provided in as fast as 24 hours. With medical practice financing in your bank account in as quick as 72 hours from there.
  • Access to our secure customer portal; use it as a resource throughout your funding process!

A medical practice loan helps buy equipment

How to Use a Medical Business Loan

As medical regulations and insurance policies change, it’s crucial to maintain steady cash flow to manage day-to-day operations. Because of this, your medical practice will benefit from having access to increased cash flow.

In addition, due to the COVID-19 pandemic, medical providers are needed more than ever. During this time, medical business owners have required financing in order to safely serve their patients.

Even if your medical practice provides medical services unrelated to COVID-19, you must implement the latest safety measures for your patients. With a business loan or line of credit, your practice can afford to safely serve your clients.

Medical practice owners have used our small business loan program to purchase medical equipment, replenish supplies, and hire skilled medical personnel. They’ve also utilized their loans to invest in state-of-art medical technology and other necessary advancements.

Financing Available for Your Specific Medical Practice

We know that there are a wide range of medical practices that provide various services. Because of this, your financing needs will be different than another medical business owner’s needs. Here’s a list of some of our medical practice financing options:

If you’re in need of a medical business loan, apply with Fora Financial!

Save the Day with Medical Business Loans:

  • Open Additional Medical Services
  • Purchase Necessary Medical Equipment
  • Hire Medical Professionals
  • Pay for New Technologies
  • Meet Medical Industry Regulations
  • Offer New Medical Services
  • Pay for Commercial Real Estate
  • Invest in Marketing and Branding Opportunities

Medical Practice Loan FAQs:

Are There Restrictions on Medical Practice Loans?

Getting a medical practice loan from Fora Financial comes with no restrictions. Because it’s a small business loan you can use it to purchase medical equipment, PPE, hire new staff, and so much more. Use it to grow your practice or meet new regulatory guidelines and everything in between.

How Do Medical Practice Loans Work?

Medical practice loans and healthcare business loans work similar to other small business loans. There are minimum requirements to meet in order to qualify for lending through Fora Financial, such as how long you’ve been in business. Based on several factors, loan officers will determine how much Fora Financial can offer you in lending. These terms will include how much you can get, how long you have to pay it back, and the interest rate. 

Who Uses Medical Practice Loans?

Medical practice loans are loans for healthcare professionals who need medical working capital to keep their business running, add new staff, secure funding to expand their building, and more. Veterinary offices, pediatricians, family practice doctors, nurse practitioners, and even medical specialists all leverage medical practice loans to help their businesses thrive.

How Do I Select the Best Medical Practice Loan for My Healthcare Business?

Securing medical practice financing first requires a good evaluation of your needs.  It’s not enough to say that your business needs more money, it’s best to understand for yourself what you need the money for. Finding the best medical practice loan will come much easier when you have your financial goals in mind.

Some businesses need medical practice startup financing. They are just getting started and need money to lease a building, hire staff, and get all the necessary supplies to get going. Others need financing to help cover the added cost of expanding an existing practice. Some just need better cash flow. Each loan type can help with things like working capital or purchasing something more substantial.

Why Fora Financial is Different from Other Financial Firms

Fora Financial approves business loans in 24 hours. This quick turnaround means that you won’t be waiting for weeks to find out if you qualify for lending, nor will you need to wait long for funds to be dispersed. They know that using working capital to expand your medical business means that you need help now, and they are there to help. Another thing that sets Fora Financial apart from other financial firms is that they are a direct lender. This is what allows them to quickly fund your business needs.


Customer Success Stories

Building Strong Relationships
Owner of an IT consulting firm in Virginia, Rodney Thomas utilized our small business loan product to on-board and assist additional clients.
Read More >