Business funding for medical and dental practices
Clinics buy expensive equipment, build out regulated spaces and wait on insurers and patients to pay. A single dental chair, imaging unit or sterilization setup can run from the low five figures into six figures, and most leasehold improvements for a clinic cost more than a standard retail build-out because of plumbing, electrical and code requirements tied to clinical use. Here is how practices usually fund that, and what lenders look at.
- One application, several lenders
- No credit pull to see your options
- No fee to you, ever
Common funding needs
- Imaging, dental chairs, lasers, sterilization units and other clinical equipment
- Leasehold improvements for a new or expanded clinic, including plumbing and electrical work tied to code
- Working capital while insurance claims are paid, often a multi-week lag
- Buying into or acquiring a practice, including a buy-in over several years
- Staffing up (hygienists, technicians, front desk) ahead of a new location opening
What usually fits
Products that usually fit
- Equipment financing for clinical equipment.
- Term loan for build-outs and expansion.
- Line of credit for timing gaps on insurance payments.
- Government-backed loans for leasehold improvements and equipment, if you can wait.
Compare term loans, lines of credit, cash advances and equipment financing side by side →
Illustrative example
A worked example
A clinic finances $120,000 of equipment over 5 years at an illustrative 7–14% a year. Payments come to about $2,376–$2,792 per month, or $142,569–$167,531 in total.
Many clinics compare that monthly payment with the added appointments the equipment makes possible before they commit. A smaller leasehold-improvement project, say $40,000 of plumbing and electrical work to add a second treatment room, financed as a 3-year term loan at an illustrative 10–22%, runs about $1,291–$1,528 per month, or $46,465–$54,994 total — worth comparing against the added revenue the extra room is expected to bring in.
Illustrative example only, not an offer or a quote. Rates, fees and terms are set by each lender and depend on your business. Fees are not included unless stated.
Underwriting
What lenders look at
- Monthly deposits, including insurance and patient payments
- Time in practice and at the current location
- Ownership structure (professional corporation, partners)
- Existing equipment payments
- Owner credit; some lenders also ask for proof of licence to practise
- Payer mix (insurance vs. cash-pay) since it affects how fast deposits actually land
Honestly
Who this is not for
- Personal expenses or consumer financing for patients: we only refer business financing
- Buying a practice with no plan for how it pays back: bring the numbers first
- Short-term, expensive money for long-lived equipment
If borrowing does not make sense, we will say so.
Are you a match?
Lender network minimums
Close but not quite there? Apply anyway and we will tell you honestly what is possible.
*Best available terms from lenders in our network. Every lender sets its own criteria; approval, amount and funding time are decided by the lender and not guaranteed.
| Time in business | 1 year+ |
|---|---|
| Monthly bank deposits | $20,000+ |
| Credit score | 500+ |
| Bank account | Business |
| Fee to you | $0 |
| Credit pull to start | None |
FAQ
Medical & dental funding questions
Do you arrange patient financing?
No. We only refer business (commercial) financing for the practice itself.
Can a new clinic get equipment financing?
Sometimes, yes. Equipment lenders may consider newer practices, often with a down payment. Government-backed loans can also cover equipment and leasehold improvements.
Do lenders need to see patient information?
No. Lenders look at business bank statements and financials. Do not send patient records.
Can I finance used or refurbished equipment?
Some lenders will, depending on the equipment and the vendor. Tell us what you are buying.
Guides
Guides for medical & dental
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Where we work: all US states · all Canadian provinces
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