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Medical Practice Business Loan
An easy application for your business needs, when you need it. Skip the bank.
How much do you need?
24 hourapproval provided- No impactto your credit score
- Dedicatedfinancial advisor
Why partner with ECG on Medical Loans or Fundings?
We understand that small businesses are the backbone of our economy and try to get you the best interest rates possible. Your aspirations, challenges, and dreams drive us to be the leading force in providing tailored financial solutions to propel your business forward.
With a track record of empowering small businesses across diverse industries, Expansion Capital Group brings a wealth of experience to the table. Our team of financial advisors are dedicated to understanding the unique needs of your business.
20,000
small businesses
who have received
funding from us
$1 Billion
in funded dollars
to small businesses
24 Hour
decision provided
when applying for
funding
TrustPilot Reviews from Medical Business Owners
Expansion Capital Group understands the Medical Life and focus on rates that work for you.
A medical business can use a medical loan or funding to address various financial needs and support different aspects of its operations.
Check your options today.
$53 Million
We have funded over $53 million in capital to medical small businesses.
What can you do with a Medical Business Loan or Funding?
Technology Integration
Implementing electronic health records (EHR) systems for better patient management
Incorporating telemedicine tech to enhance remote patient care.
Facility Expansion or Renovation
Expanding existing facilities to accommodate a growing patient base
Renovating and improving the infrastructure of medical offices or clinics
Equipment Purchase & Upgrades
Acquiring new medical equipment or upgrading existing machinery
Investing in state-of-the-art technology to enhance patient care and diagnostic capabilities
Research & Development
Funding research projects or clinical trials.
Supporting the development of new medical procedures or treatments
How small businesses have used Medical Loans or Fundings.
Equipment purchases are a common use of medical practice loans or fundings. From diagnostic machines to examination tools, having state-of-the-art equipment is crucial for providing quality patient care. Fundings allow practices to invest in advanced technology, improving efficiency and accuracy in diagnosis and treatment.
Marketing and patient outreach efforts are also funded through medical practice loans or fundings. Investing in advertising, website development, and community outreach programs helps practices attract new patients and retain existing ones. Building a strong brand presence and reputation is essential for competing in the healthcare market, and loans provide the necessary funds and rates to invest in these initiatives.
FAQ’s
- How can I use medical practice financing?
Medical practice loans can be utilized to purchase newer equipment, to hire staff, to refurbish office space, or to “bridge” Medicare or Medicaid reimbursements.
- What are the requirements for medical practice financing?
Minimum requirements operating at least six months and at least $8,000 a month in revenue; additional underwriting criteria will apply.
- What are the requirements or information needed for financing approvals?
To begin the process, a completed application is all that is required. Depending on what our advisors believe may be available, additional documents could include 3 or 6 months of bank statements, driver’s license, business and/or personal tax returns. Our representatives will work with you to determine the funding need and what additional documentation may be required to close your financing options.
- What type of medical practices has ECG provided funding to?
Over ECG’s 10 plus year history, financing has been provided to medical equipment companies, veterinary practices, chiropractors, home healthcare businesses, and medical and dental offices.