Medical Practice Funding
Deliver exceptional patient care and ensure the growth and stability of your medical practice with funding of up to $500,000 from NextGen Capital, available in as little as 24 hours.
Fast and Reliable Medical Practice Funding
Traditional lenders like banks and the SBA often consider medical practices to be strong candidates for funding due to their stable income and high earning potential. However, the approval process can take months, with no guarantee of success. Delays in funding can impact patient care and hinder business growth.
As an alternative lender, NextGen Capital offers faster approval and more flexible funding options than traditional lenders. We can approve medical practice funding in as little as 24 hours, with funding amounts ranging from $3,000 to $500,000. There are no restrictions on how you use your funds, and we support all medical specialties, including general practitioners, psychiatrists, dermatologists, veterinarians, and more.
Medical Practice Funding Solutions
Our friendly, expert Funding Advisors will work with you to determine which funding option will help you achieve your
goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How You Can Use Medical Practice
There are no restrictions in place on how you can use your funds. Medical Practice funding is ideal for supporting your business’ revenue, furthering your commitment to the community, and helping more patients. Use your funding to:
- Develop or enhance services
- Purchase necessary equipment and devices that help patients communicate with caregivers
- Hire and train staff to provide high-quality care
- Expand your geographic reach by increasing your marketing efforts
- Hiring additional personnel in new areas of operation
- Obtain proper licenses and certifications
- Develop an online booking system for your services that can be accessed at any time
Will You Qualify for Doctor Office Funding?
Exact qualification requirements depend on the type of medical practice funding you are seeking. Approval for medical practice funding from NextGen Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Medical Practice Funding Works:
Medical Practice Funding Q&A
There are several funding options that may work for your practice, including small business loans, collateral loans, and merchant cash advances. One of our Funding Advisors can help you choose the best solution based on your needs.
Yes, while credit history is considered, we also evaluate other factors such as your business performance and revenue potential. As a medical equipment financing company, NextGen Capital understands the unique challenges healthcare providers face and offers financing solutions accessible to businesses with varying credit histories.
Medical equipment financing is intended for business use in healthcare services. However, within that scope, there are typically no restrictions on how the equipment is utilized. Whether for patient care, diagnostic procedures, or administrative needs, you have the flexibility to allocate your funding where it’s most needed.
While funding for medical equipment primarily covers the acquisition or leasing of medical equipment, some financing options may also include provisions for maintenance and servicing costs.
Our financing specialists can work with you to explore options that best suit your needs and include provisions for ongoing maintenance and servicing to ensure the longevity and optimal performance of your equipment.
