Medical Practice
Loans & Financing
We provide a wide range of medical businesses with working capital, from walk-in clinics to home health care services.
We're a Funding Partner
with a Proven Track Record
Since 2008, we've grown with the companies we support.
What is a Medical Practice Loan?
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.
How Medical Practice Loans Work
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.
Use Cases
How To Use a Medical Practice 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.
Learn Why Us-
Expansions
Expanding business operations requires a good plan and healthcare business loans. With flexible options, these loans allow for adding new staff, marketing, building a new facility, and more.
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Payroll
Medical businesses often leverage medical practice loans to help cover payroll and other regular expenses.
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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.
Why Apply for a Medical Practice Loan?
Invest in New Technologies
Medical practice business loans give doctors and healthcare professionals the resources they need to invest in new medical technologies for their business.
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.
Ensure Regulations Are Met
Meeting medical regulations is essential. When these 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.
Minimum Eligibility Requirements
Are you ready to start your medical practice? Here are the minimum requirements for our medical practice loans.
| Time in Business | Minimum 6 Months |
|---|---|
| Business Annual Growth Revenue | $180K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 500+ |
| Other Financing | None |
| Bankruptcies | None open |
Better Your Business With Fora Financial
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Open Additional Medical Services
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Purchase Necessary Medical Equipment
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Hire Medical Professionals
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Pay for New Technologies
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Offer New Medical Services
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Pay for Commerical Real Estate
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Invest in Marketing
What Fora Financial customers say
"We couldn't do it without the help of Fora Financial, and the people there are just tremendous. I highly recommend the financing program to anyone that needs it.”
John Bogonis, Owner / Carlisle Bakery, Carlisle, PA
“The integrity and relationship is extremely strong, really appreciated the way Fora Financial worked with us and it was such a positive experience for my company and for myself.”
Rodney Thomas, Owner / Thomas and Herbert Consulting
"I didn't have any capital or line of credit to start with, so I applied to Fora Financial for a loan. The team was easy to work with. Fora's products can help small businesses weather ripples in the economy that might otherwise be a serious problem."
Debra Heim, Very Best Little Hairhouse, Sharon, PA
“With Fora Financial, he was able to get an approval with minimal paperwork and the financing he needed within 3 business days.”
Juan Manuel Perez, Restaurant Owner / Pita Grill, New York, NY
“The process at Fora Financial was quite transparent, you know what you were getting into, quite honest, actually very easy and as I grew and took more advances, the terms got better.”
Dickson Shreffler, Owner / Sleepy Poet Antique Mall, Charlotte, NC
“There's no such thing as cut and dry any more, it doesn't work that way and Fora Financial was able to do that and they are still able to do that today. I hope we can continue this relationship for years to come.”
Russell Bobo, Owner / Bobo Engineering Incorporated
“True to their word, Fora Financial provided substantial funds that allowed us to get some very nice jobs.”
Ed Campany, Owner / Campany Roof Maintenance, West Palm Beach, FL
“Fora Financial provides better banking in general.”
Ismael Lopez, Owner / PR Wraps, Miami, FL
“When Fora Financial offered the opportunity to provide us with capital, we jumped right on it. We thought it was a win-win situation. It makes sense.”
Joseph Pou, Owner / J&J Pool and Beach Services
“If it wasn't for Fora Financial I don't know if we would have made it through the summer.”
Carl Busset, Owner / The 19th Hole at the Saints, Port St Lucie, FL
"Thanks to the working capital I received from Fora Financial, I was able to retain my employees during a challenging time. Applying was easy and the turnaround time was great!"
Denise Barron, Proprietor / Growing Patch Learning Center, Pittsburgh, PA
Medical Practice Loans FAQ
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Medical professionals like family physicians, dentists, dermatologists, chiropractors, and even massage therapists are some of the entrepreneurs who can apply for medical practice loans.
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The most common loan types for medical practices are SBA loans, business lines of credit, non-bank term loans, short-term loans, and equipment financing.
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Each loan type will have certain restrictions on them. Medical practice loans in general must be used for the purpose of operating a medical practice.
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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.
What Sets Us Apart from the Rest
Get Financing Today
Get started with your application and join Fora Financial's family of forward-thinking businesses.