Frequently Asked Questions
What types of healthcare businesses qualify for financing?
MedCapFinance works with a wide range of healthcare-related businesses, including medical practices, dental offices, urgent care clinics, ambulatory surgery centers, home health providers, and healthcare service companies such as medical billing firms, laboratories, and staffing agencies. If your business operates within the healthcare ecosystem, there is a strong chance we can help you secure funding.
How much funding can my healthcare business qualify for?
Funding amounts typically range from $50,000 to $10 million, depending on factors such as revenue, time in business, credit profile, and the type of financing program. Some programs are better suited for smaller working capital needs, while others support large acquisitions, equipment purchases, or real estate investments.
How quickly can I get funded?
Many healthcare businesses receive funding within 24 to 72 hours after approval, depending on the loan program and documentation required. More complex financing such as SBA loans or commercial real estate may take longer due to underwriting and regulatory requirements.
What can healthcare business loans be used for?
Healthcare businesses commonly use financing for:
Expanding or opening new locations
Purchasing medical equipment
Hiring providers and staff
Acquiring another practice
Facility renovations or build-outs
Managing cash flow during insurance reimbursement cycles
Marketing and patient growth initiatives
What documents are required to apply?
Requirements vary depending on the loan program, but many applications can start with basic information such as:
Business name and contact details
Estimated revenue
Time in business
Desired funding amount
Additional documents like bank statements, financials, or tax returns may be requested during underwriting.
What is the minimum time in business required?
Some programs require at least 6–12 months of operating history, while others—such as SBA loans or larger financing solutions—may require longer operating histories and stronger financial records.
What credit score do I need to qualify?
Credit requirements vary by program. Some healthcare businesses qualify with credit scores starting in the mid-600s, while stronger credit profiles typically unlock lower rates and larger funding options. Our advisors help match you with programs aligned with your credit profile.
Can startups or new practices qualify for financing?
Startups may qualify for certain programs such as SBA loans, equipment financing, or startup practice loans, particularly if the owner has strong credit, industry experience, or additional collateral. Established businesses generally have access to a wider range of financing options.
What is the difference between a business loan and a line of credit?
A business loan provides a lump sum of capital that is repaid over a fixed schedule. A business line of credit provides revolving access to funds that you can draw from as needed and only pay interest on the amount used.
How does accounts receivable financing work for healthcare practices?
Accounts receivable financing allows healthcare businesses to access immediate capital based on outstanding insurance reimbursements or invoices. Instead of waiting weeks or months for payment from insurance providers, you can convert those receivables into working capital.
Can I finance medical equipment?
Yes. Equipment financing programs are specifically designed to help healthcare businesses purchase diagnostic machines, imaging systems, dental equipment, surgical tools, and other medical technology. In many cases, the equipment itself serves as collateral, which can make approvals easier.
Are SBA loans available for healthcare businesses?
Yes. SBA loans are commonly used by healthcare operators for practice acquisitions, facility purchases, partner buyouts, and expansion projects. These loans often offer lower interest rates and longer repayment terms but require more documentation and longer approval timelines.
Do I need collateral to get a healthcare business loan?
Collateral requirements depend on the financing program. Some loans are secured by business assets, equipment, or real estate, while others may be based primarily on business revenue and financial performance.
How do I get started?
The process begins with a short pre-qualification form that takes about two minutes to complete. Once submitted, a healthcare financing specialist reviews your information and helps identify the most competitive funding options available for your business.
Do you offer loans for businesses in other industries?
Yes absolutely, in adddition to our Healthcare loans, we offer a variety of loan options for businesses in Manufacturing,Construction, Retail, Restaurant, and Auto Repair Shops