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Equipment Funding for the Healthcare Industry

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From an oncology suite to a dentist’s office, the machinery and equipment that medical specialists use for diagnosis and treatment is key in delivering quality patient care. Therefore, when any medical equipment requires replacement before its projected end date, financing for its replacement must be located quickly.

As a business, a medical practice or healthcare facility will maintain working capital to ensure that projected expenses will be met. While a major contingency is planned for, the amount of liquidity may not always be sufficient to cover such a major expense, or even the use of another facility’s equipment in the interim.

equipment funding for the healthcare industry

Where to Go for Fast Medical Equipment Funding

Equipment funding through a bank, if the borrower qualifies, can take up to several months. To ensure continued quality of patient care, many medical practitioners have found a financial partner in the alternative financing industry.

As a leading alternative financing company, National Business Capital assists our clients obtain additional working capital quickly. Specialized Equipment Financing is based on reasonable underwriting criteria.

This means a low FICO or even an open tax lien will not immediately disqualify an application.

The application takes an average of 1 minute to complete and does not require a great deal of supportive documentation. Nor are there any upfront fees. Financing decisions are made in 24 hours or less and upon approval the money is available to borrowers in days.

Learn more about National’s list of loans for doctors and dentists here.

Benefits of Alternative Medical Business Financing

There are additional benefits to this type of financing as well. Banks often restrict whom the new equipment may be purchased or leased from. National does not restrict how the financing is used. Borrowers may use the vendor of their choice.

In addition to Equipment Financing, we provide information and guidance regarding other financing options available to benefit any medical practice.

How to Apply for Healthcare Equipment Funding Today

To learn more, speak with one of our Expert Advisors. For a confidential business review, call us at (877) 482-3008.

Or, apply today by filling out a quick, simple 60-second application online to get the equipment funds you need in as little as 24 hours.

Last Updated on May 27, 2016

National Business Capital is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!

About the Author, Joe Camberato

Joseph Camberato, CEO of National Business Capital, developed a passion for business at a young age. Joe started his company in 2007 in his spare bedroom and has grown to secure over $1 Billion dollars in financing for small business owners nationwide. National’s team has an amazing culture and has been name the #1 Top Workplace on Long Island 3 years in a row and counting. Joe is a trusted financial expert who’s published more than 2,000 articles in the last 3 years. His articles have generated over 5 million page views and has been featured on blogs such as Google News, Yahoo, CNBC, Forbes Magazine, etc. His passion has also inspired him to build the "GrowByJoe” YouTube channel where he shares his insights into small business trends and tips for growth. Joe also holds a seat on Forbes Finance Council and is an active member of the Young Presidents' Organization (YPO), a global leadership community.





Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.