Avance Credit
Medical Practice Loans
Nationwide Funding
Multiple Loan Types To Choose From
Fast & Easy Application
Millions To Lend
HOW IT WORKS
Medical Practice :Loan Process
01
Complete an Online Application
Submit basic business and ownership information.
02
Review Financing Options
Lenders may request financial statements, tax returns, and business records.
03
Funding
Once approved, funds can be used for eligible business purposes.
Medical Practice Loans & Financing Solutions For Healthcare Professional
Fast Funding for Doctors, Clinics, and Healthcare Practices
Medical practice loans help physicians, dentists, specialists, and healthcare business owners get the capital they need to start, buy, expand, or improve a medical practice.
Whether you need working capital, equipment financing, office build-out money, or funding to acquire an existing practice, the right loan can help your healthcare business grow without slowing down patient care.
At Avance Credit, we connect medical professionals with competitive business loan options from trusted lenders. There is no application fee, and you can apply online 24/7.
What Are Medical Practice Loans?
Medical practice loans are business financing options designed for healthcare providers and medical business owners. These loans can be used for many practice-related expenses, including:
- Buying or expanding a medical office
- Purchasing diagnostic or treatment equipment
- Hiring staff
- Covering payroll and operating costs
- Marketing your practice
- Remodeling exam rooms
- Refinancing business debt
- Buying an existing medical practice
- Opening a new clinic location
Because medical practices often have strong earning potential, lenders may offer flexible financing options based on revenue, credit, time in business, and the purpose of the loan.
Medical Practice Financing Options
SBA Loans for Medical Practices
SBA loans are a popular option for doctors and healthcare professionals because they may offer longer repayment terms and competitive rates. These loans can be used for practice acquisitions, real estate, equipment, working capital, and expansion.
Medical Equipment Financing
Equipment financing can help you purchase or lease medical equipment without paying the full cost upfront. This may include imaging machines, exam tables, dental equipment, lab equipment, computers, software, and other healthcare technology.
Working Capital Loans
A working capital loan can help cover day-to-day business expenses such as payroll, rent, insurance, inventory, supplies, and marketing while your practice grows.
Business Line of Credit
A medical practice line of credit gives you access to flexible capital when you need it. You can draw funds, repay them, and use the credit again for future business needs.
Practice Acquisition Loans
If you are buying an existing medical practice, acquisition financing can help cover the purchase price, transition costs, equipment, and operating capital.
Who Qualifies for Medical Practice Loans?
Qualification depends on the lender and loan type, but lenders often look at:
- Personal credit score
- Business revenue
- Time in business
- Cash flow
- Existing business debt
- Medical license or professional background
- Loan purpose
- Collateral, when required
Startups, established practices, and healthcare professionals with less-than-perfect credit may still have options.
Frequently Asked Questions
How much can I borrow for my medical practice?
Loan amounts vary by lender and program. Some lenders offer as little as $10,000 for working capital, while larger SBA and practice acquisition loans can exceed $5 million.
What credit score do I need for a medical practice loan?
Many lenders prefer a credit score of 650 or higher, but some financing options are available for borrowers with lower scores, especially if the practice has strong revenue.
Can I get a loan to start a new medical practice?
Yes. Startup medical practice loans can help cover office space, equipment, licensing, staffing, marketing, and operating expenses. Lenders may require a business plan and financial projections.
What can medical practice loans be used for?
Medical practice financing can be used for:
- Equipment purchases
- Practice acquisitions
- Office renovations
- Working capital
- Payroll
- Marketing
- Debt refinancing
- Commercial real estate purchases
How quickly can I receive funding?
Some online lenders can provide funding in as little as 24 to 72 hours. SBA loans and larger practice acquisition loans typically take several weeks.
Do medical practice loans require collateral?
Not always. Some lenders offer unsecured financing, while larger loans may require business assets, equipment, or commercial real estate as collateral.
Can I get financing to buy an existing medical practice?
Yes. Medical practice acquisition loans are specifically designed to help healthcare professionals purchase an existing practice, including equipment, patient records, and goodwill.
What documents do I need to apply?
Common requirements include:
- Driver's license
- Business bank statements
- Tax returns
- Profit and loss statements
- Balance sheet
- Business licenses
- Practice financial information
Are SBA loans available for medical practices?
Yes. SBA 7(a) loans and SBA 504 loans are popular options for medical practices because they often offer competitive rates and longer repayment terms.
Can I get a medical practice loan with bad credit?
Possibly. While stronger credit generally leads to better terms, some lenders consider factors such as revenue, cash flow, time in business, and overall financial strength.
TestimonialS
Fastest Way To Get Cash For your Business
"They process was easy and I got the funding I needed to expand my business."
Kevin S.
Business Owner
"I wanted to start a business and the SBA Loan was a great fit for me."
Jennifer L.
Business Startup
"I needed a business line of credit to keep moving my business forward."
Martha Y.
Business Owner
Why Choose Avance Credit?
For more than 10 years, Avance Credit has helped business owners connect with financing solutions designed to meet their unique needs.
Benefits of Working With Avance Credit
- No application fee
- Online application available 24/7
- Access to multiple lending options
- SBA financing programs available
- Business acquisition financing
- Equipment financing solutions
- Business line of credit options
- Refinancing programs available
- Fast and secure application process
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