How the Financial Requirements for Doctors with Small Practices are Changing
Once every town had a number of doctors with small practices offering a specific specialty. This slowly evolved over the last 30 years into larger offices featuring physicians practicing most frequently required specialties for young families. Today, there is an increasing number of emergency walk-in clinics with several medical specialists on duty to attend to health issues that do not generally require a trip to a hospital emergency room.
With so many forms of specialized medicine vying for financing from traditional institutions, the needs of doctors with small practices, who may not require significant funding, have been underserved. Their financial needs may be less costly than those of larger organizations. Perhaps a refurbished office with a new waiting room is required. New instrumentation and medical equipment might also be a consideration. Some may have already opted for these upgrades and require an infusion of cash to cover salaries over the holidays when fewer patients are being served.
Where Doctors with Small Practices Find Financing
Where do smaller practitioners go to receive the funding their businesses require? Even doctors have to compete with other small businesses for the small percentage of funding that banks will allocate for them. If there is any urgency to the need for additional cash flow, the length of the approval process may not make applying for credit from a traditional financial institution an option. What other options are available? It may be time to consider an alternative financing company.
National Business Capital is a leading alternative financier with an over 90% funding approval rate. About 70% of our clients had been turned down by their banks for financing before coming to us. We have helped many business including small practices obtain hundreds of millions of dollars in financing. Our Business Consultants take a personal interest in every one of our clients and will strive to locate just the right financing to meet the present needs of doctors with small practices. National Business Capital offers specialized Loans for Doctors which enable physicians to use the funds for any purpose they wish. If new equipment is planned, know that you may lease or purchase it from the vendor of your choice.
Additionally, our application process takes about two minutes; you’ll receive our loan decision within 24 hours. Our decision is based on reasonable loan criteria. A low FICO or even an open tax lien will not immediately disqualify an applicant. Once approved, the money is available for your use in days. National Business Capital knows that small practices provide a vital service to their communities. Consider starting a business relationship with us today. We want to ensure that your practice continues to thrive! Call (888) 888-9124 or apply today!