Financing a Medical Practice

Financing a Medical Practice

Running a medical practice is not solely about the patients. While certainly, they are your top priority, if you do not effectively manage the business side of things, then ultimately the practice will cease to exist. Because of your unique financing needs, there are additional challenges associated with owning and operating a medical practice.

We've worked with numerous professionals in the health care field. We understand that you are a small business owner coping with at times operating costs that have begun to exceed revenue, or the long waits on insurance payments, not to mention the rising cost of insurance for the practice itself.

Fortunately, we have experience when it comes to working with medical practices, and consequently offer funding solutions that make sense for them, are custom tailored to the needs of their individual practice and ultimately help ease some of the financial burdens.

Types of Medical Practice Financing Available

It is getting harder and harder to turn to traditional banks for funding options. Tighter restrictions and more cautious criteria make the process seem endless. This is why we have devised flexible alternatives that make small business financing faster and easier than ever before. Additionally, we do not limit accessibility to ready cash to just doctor's offices. Nursing homes, rehab clinics as well as medical equipment suppliers are all eligible for our medical financing programs.

And when it comes to the ways in which you can utilize funds, there are really no restrictions.

  • Help fund payroll during slower times.
  • Purchase new, updated equipment.
  • Replace your current records management system.
  • Remodel your office space and purchase new furnishings.

The money you receive from First Union can be used for just about any need you might have. We offer loan products ranging from 5k to 1 million, which means we will certainly have something that suits your medical practice. And did we mention that you are not waiting months for the funding to come through? It can be in your account in as little as 2 days.

We would love to help you with whatever you're planning for your medical practice. Our consultants are standing by to discuss your next financial move. It's too important not to make that call!

Becky: Hi! Let's find the best loan option for you

Google 4.8 star rating

First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

Copyright © First Union Lending, LLC. 2023