Financing for clinics and medical practices
A healthcare practice grows with equipment, clinical staff and the right space to see patients. We help you explore capital to grow or financing to buy the property where you practice.
GROW™ — capital for your next stage
GROW™: up to $350,000, up to 10-year terms, no prepayment penalty and no specific personal collateral required.
What owners typically invest in
- Medical and diagnostic equipment
- EHR and billing systems
- Adding exam or procedure rooms
- Hiring clinical staff
- Marketing for new patients
OWN™ — buy the building where you operate
Exam rooms, procedure suites, electrical work and compliance build-outs are expensive and stay with the building. Patients also associate your practice with an address. Owning the clinic protects the clinical investment and the continuity of your patient base.
What lenders typically review
Lenders usually review how long the business has operated, its cash flow, the owners’ credit and payer mix and the reimbursement cycle. For GROW™, reference guidelines include three or more years in operation, a personal FICO of 650 or above, a minimum SBSS score of 165, personal and business debts current, repayment capacity with a minimum DSCR of 1.25x and no bankruptcy in the last seven years. GROW™ does not require specific personal collateral, though limited business collateral requirements may apply. To buy the property through OWN™, your business must occupy most of the building.
Frequently asked questions
Can I finance buying the clinic I rent?
In many cases, yes, if your practice occupies most of the property. Requirements depend on the program and lender.
Does capital cover medical equipment?
Yes, equipment is a primary GROW\u2122 use, with terms up to 10 years and no prepayment penalty.
How does insurance reimbursement affect it?
The collection cycle is factored into the cash-flow analysis. That is why we gather recent statements and financials.
Can buying another practice be considered?
Eligible business acquisitions are considered in specific industries. We review it before the file goes out.
Related uses of capital
Every rent payment builds your landlord's equity. With owner-occupied SBA financing, you can buy the building you rent today and turn that monthly payment into an asset you own.
Learn more
Buying a business that already works gives you customers, staff and cash flow from day one. SBA financing can cover the acquisition and, when it applies, the building too.
Learn more
The right equipment lets you serve more customers, work faster and offer new services. With working capital you can invest in it without draining your operating account.
Learn moreIndustries
- Accounting & tax
- Agriculture
- Auto dealerships
- Automotive care
- Broadband
- Dental practices
- Educational services
- Fitness centers
- Franchise restaurants
- Franchises
- Funeral homes & crematories
- Government contracting
- Hardware stores
- Home care
- HVAC & plumbing contractors
- Insurance agencies
- Investment advisory
- Law firms
- Managed service providers
- Pet care facilities
- Pharmacies
- Professional services firms
- Property management
- Restoration, remediation & cleaning
- RV parks
- Self-storage
- Veterinary clinics
- Other established small businesses
Find out what your business may qualify for
Answer a few questions and an advisor will review your case, with no obligation.
All financing is subject to approval, financial analysis and lender terms.