Healthcare Finance

Home – Healthcare Finance

Loans for Healthcare

And social services businesses

Get the funds you need for new medical equipment or working capital. We provide Small Business Loans that can help your healthcare company.

Businesses in the healthcare and social services industries rely on payments from insurance agencies for their revenue. This can mean a delay when receiving payments. A small business loan from e-Biz Finance Group can keep you going.

We specialize in loan programs that include low-interest rates starting in single digits, attractive terms, and amounts from $500,000
to $5,000,000.

Find out more about the loan options we have for you

Start a free application today!

Or talk to one of our specialists about the loan options we have for you.

Call us at 609-245-6044

We facilitate access to working capital to a wide range of medical businesses,from walk-in clinics to home health care services.

We understand that as a healthcare professional, extra capital is needed to keep the office running. We want to be your #1 solution when you need a healthcare business loan.

Our healthcare loans are for the following medical practices for medical office financing:

Chiropractors
Dentists
Oncologists
Dermatologists
Optometrists
Orthopedics
Orthodontists
Podiatrists
Gynecologists
General Practitioners

Equipment Loans:

We understand how important your dental equipment is to effectively run your practice and remain competitive. We offer equipment loans for dental practices for both new and used dental equipment. We offer flexible terms and repayment options on all of our equipment financing for dental equipment.

Small Business Loans Can Help Your Healthcare Company

Providing top-notch patient-centered care is the primary focus of many healthcare practices. However, the financial landscape for health practitioners has changed considerably over the last decade.

Previously, many traditional financing institutions such as banks offered extensions of credit to healthcare professionals without any hesitation.

The problem with this mindset is that the amount of funding that banks have set aside for small businesses has been steadily decreasing. Additionally, the criteria for decision making has tightened up with newly added restrictions and the timeframe from application to approval remains lengthy.

Small Business Loans Can Help Your Healthcare Company

Perks of financing with a conventional bank are longer repayment terms up to 10 years and fixed interest rates. However, the application process is longer and involves tedious paperwork. Commonly, most traditional lenders reject loans to healthcare professionals as well.

However, the process of applying for healthcare business loans from an alternative lending source is quick, requiring only a few minutes of your time and just a few pieces of documentation are required.

Our priority is helping you understand small business loans

We will let you know within minutes if your business qualifies for our different lending programs and just within days, your business can receive its much-needed working capital.

You should think of healthcare business loans as tools, meaning each one has its intended use. So, knowing your options is key and based on your business goal may include:

Building purchases
Working capital to ease fluctuations in cash flow
Reduce or consolidate business debt
Purchase medical equipment
Marketing/growing your business

Adding additional staff
Business acquisition
Remodeling of your healthcare business
The building of a new facility
Medical office financing
Healthcare practice financing

Your healthcare practice is a business

It’s no secret that the cash flow of healthcare practices, whether it be medical, dental or veterinarian, is unpredictable and can be inconsistent. It can take weeks or months for your patients or insurers to submit payment, which is beyond your control. The timeframe between patient treatment and receipt of payment is referred to as your business cycle. And, the longer this cycle, the harder it is to manage your cash. With limited cash, can your business run efficiently and deal with unexpected emergencies, such as equipment failure?

Borrowing can improve the strength of your business

Each healthcare practice is unique, making it of significant importance that you choose the right loan type and the right lender to avoid borrowing in the wrong way. Unfortunately, it is true that many people in private practice aren’t aware of what types of small business loans are available, or which ones are the best for them.

At e-Biz Finance Group, our lending professionals know the ins and outs of healthcare practice financing and we will work by your side to determine which loan product is best to fund your needs.

You might choose between the following loan programs:

Your business will also have the benefit of unrestricted capital use. Your funds can be used for anything from payroll to marketing to inventory etc.

When is the best time to borrow?

Those outside the healthcare industry may not think healthcare businesses have busy or slow times of the year. After all, everyone needs care all year round, right?

In reality, there are certain types of healthcare practitioners and doctors whose patients seem to have a certain time of year where they are trying to squeeze in their routine visits. This rush of new and regular patient visits for dentists and doctors alike seems to happen in August because of the back-to-school rush.

August is the time of year that parents are trying to get their children seen before school starts and it almost seems chaotic as everyone is trying to get back on track after summer vacation.

Unfortunately, the August rush can put a strain on your healthcare business. You may need to hire additional temporary help, update your equipment, stock up on inventory, etc. to keep your office running smoothly.

With that said, one of the best times to start your small business loan search is before this big rush in August and September. A business loan can provide you with the necessary working capital to:

Cover any business-related expenses
Secure financing for inventory due to an increased patient influx
Pursue equipment financing
Secure funding to cover your growing payroll for temporary staff

Additionally, any time you are looking to grow your business is an appropriate time to find the right loan and lender. Growth equals success and unfortunately is unlikely to occur without an investment.

In conclusion, one thing is for sure, medical practice as a business has never been such a challenge. Your focus is on delivering the highest quality of care while dealing with slower insurance reimbursements, mandatory equipment, and technology upgrades and increased regulation. You deserve a lender that knows these challenges you face and can provide healthcare practice financing and medical office financing that is tailored to meet your specific needs.

At e-Biz Finance Group, our financing programs are specifically designed to meet your unique needs and fit into your demanding schedule. Our loan programs are flexible and focused on speed and convenience to make your lending experience as seamless as possible.