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Business owners love that Lendio helps them get funding without the headaches.
Healthcare business loans, fast.
Apply for financing today to build your business, upgrade your equipment, or fund your next project.
Applying is free and won't impact your credit*
Proven healthcare lending expertise.
Get the answers and the funding you need with support all along the way.
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*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
How much can I qualify for?
Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.
Lendio knows the healthcare business.
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. Use funds to:
Bridge capital between insurance payments
Purchase medical equipment and supplies
Refinance existing debt
Pay your staff
Invest in marketing
What type of commercial real estate funding is best for your business?
These are the most popular types of funding that other healthcare-based businesses qualify for through Lendio.
Business Line of Credit
Access available funds whenever you need them, and only pay interest on what you draw.
Revenue-Based Financing
Access funding based on your future revenue and repay with regular payments.
SBA Loan
Get low-interest, government-backed funding to expand your business.
What types of business loans are available to healthcare businesses?
Medical receivables factoring
Medical receivables factoring is a financial practice where medical providers sell their accounts receivable to a third party at a discount. This allows healthcare organizations to receive immediate cash flow rather than waiting for insurance companies or patients to pay.
Term Length
1-12 months
Max Loan Amount
$1 million
Small business loan
A business loan provides healthcare businesses with capital to fund various expenses such as equipment purchases, operational costs, or expansion initiatives. These loans come with agreed-upon terms for repayment, interest rates, and collateral requirements, helping businesses manage cash flow and achieve their growth objectives effectively.
Term Length
6 months-25 years
Max Loan Amount
$5 million
Line of credit
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.
Term Length
6-24 months
Max Loan Amount
Up to $250,000
Equipment financing
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.
Term Length
1-5 years
Max Loan Amount
$5 million
FAQs
Find answers to some commonly asked questions in the healthcare industry.
What is a healthcare business loan?
A healthcare business loan is any type of financing acquired by a healthcare business. Some types of financing like medical receivables financing are tailored specifically to the healthcare industry.
What are the requirements to get a medical practice loan?
Requirements for a medical practice loan vary by lender and loan type. Minimum requirements start at the following:
- A credit score minimum of 600
- Monthly revenue of $8,000 or more
- A business history of at least six months
What providers offers business loans for healthcare professionals?
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.
What can I use a medical practice loan for?
A medical practice loan offers you the flexibility to use funds in a way that best serves the growth and development of your practice. Some ways you can use a medical practice loan include:
- Startup costs: Secure the essential funds to start your medical practice right, covering everything from lease payments to licensing fees.
- Working capital: Ensure smooth cash flow for day-to-day operations, covering unexpected expenses and short-term financial needs without disrupting your medical services.
- Equipment purchase: Upgrade to the latest medical technologies to ensure you’re providing top-notch care to your patients.
- Inventory: Maintain an adequate stock of essential medical supplies and pharmaceuticals, ensuring you can meet patient needs promptly without worrying about shortages.
- Staff hiring: Expand your team of healthcare professionals to enhance patient service and reduce long wait times.
- Office refurbishments: Transform your waiting area into a more comfortable and welcoming space for your patients.
- Expansion plans: Dream of having multiple clinics? Our loan can fuel your growth and turn that dream into reality.
- Operational costs: Manage everyday expenses stress-free, from utility bills to payroll and supplies.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.