Medical Equipment Financing

The costs of running a medical practice can be substantial, often necessitating the use of medical equipment financing. Attractive choices are available for existing practices as well as new start-ups. These include equipment leasing and working capital loans. Both options are beneficial when cash flow limits become a concern.

Methods of Medical Equipment Financing

Working capital loans are available to all medical professionals including internists, surgeons, and pediatricians. Approval may be obtained in 48 hours or less, with receipt of funds in less than one week. Once approved, the funds may be used for virtually any purpose. Some examples would be debt consolidation, expansion of practice, purchase of equipment, and personal needs. Interest rates and terms vary to fit individual needs.

Leasing is a popular method of medical equipment financing. Comparison of rates and terms is easily accomplished online. Lease terms usually fall between 36 and 84 months. Contracts should be checked carefully for hidden costs such as prepayment penalties. The majority of healthcare professionals choose equipment leasing as one of their financing solutions. It eliminates the need for major equipment expenditures at a time when cash flow may be limited.

Leasing programs are available for medical equipment, dental equipment, business equipment and more. Medical equipment financing is often selected for items such as CAT scanners, MRI imaging machines, heart monitors, and blood analyzers. It may also be utilized for exam tables, office furniture, computers, copiers, and telephone systems. Installation and training are benefits included in most leases.