Fast Medical Practice Funding You Can Trust
Medical Practice Funding Solutions
The Small Business Administration and commercial banks often consider doctors and medical practices to be ideal candidates for funding because of their high earning potential, high net worth, and stable income. However, the application process for these lenders can last months, and there’s no guarantee of approval. While you wait, your patients’ health may suffer, and opportunities to grow can vanish.
Biz Growers alternative lenders can approve more medical practice funding than traditional lenders, and we can approve funding faster, with funds deposited in as little as one business day. We provide multiple types of doctor office funding to help grow your medical practice, with funding from as low as $2,000 up to $2,00,000 and no restrictions on how you can use your funds. We fund all medical specialties, including general practitioners, psychiatrists, dermatologists, veterinarians, and more.
How To Use Medical Practice Funding
There are no restrictions on how you can use your funds. Doctor office funding is ideal for supporting growth initiatives that will increase your practice’s revenue, such as improving or expanding your practice. Use your funding to:
- Hire staff so you can expand your practice’s services and take on more patients
- Upgrade or invest in new equipment or lab supplies
- Develop a secure website to offer new services like online booking or virtual care
- Energize your marketing and advertising to bring in more patients
- Purchase a new location or expand your current practice
- Renovate your office to offer a more comfortable patient experience
Sometimes, medical practices need a quick infusion of working capital to help meet the unique challenges of their field, such as:
- High patient turnover
- Delayed or denied insurance claims and trouble receiving timely payments
- Meeting new patient needs, such as offering remote care or shorter wait times
- High cost of medical equipment, technology, and supplies
- New equipment and training required to keep up with changing standards