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Prescribe the Right Capital: Medical Practice Loans Built for Healthcare Pros​

From Exam Room to Expansion—Finance Your Practice with Confidence

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Applying WILL NOT impact your credit.

Prescribe the Right Capital: Medical Practice Loans Built for Healthcare Pros

From Exam Room to Expansion—Finance Your Practice with Confidence

Please enable JavaScript in your browser to complete this form.

Applying WILL NOT impact your credit to review your options*

Same Day Funding Available
Terms Up To 25 Yrs
One Application, Multiple Funding Options
No Hard Credit Check

Financing Growth in the Healthcare Sector: Medical Practice Loans Made Simple

Running a private medical practice requires more than just providing patient care—it demands smart financial management. From everyday operational expenses to unexpected equipment upgrades, medical practice loans offer the capital healthcare providers need to keep their offices running efficiently. Physicians and healthcare entrepreneurs use medical business loans to hire staff, invest in advanced diagnostic tools, expand their facilities, or cover temporary cash flow gaps. Whether you’re opening a new clinic or scaling an existing one, access to the right financing can empower your growth and elevate your level of care.

Compare medical business loans

SBA loans for medical professionals

Pros:

  • Lower interest rates compared to traditional small business loan

  • Longer repayment terms help manage monthly cash flow

  • Larger loan amounts available for major expansions or real estate purchases

  • Funds can be used for diverse needs like equipment, working capital, or practice acquisition

  • Ideal for physicians launching or expanding private practices with solid business plans

Cons:

  • Lengthy and detailed application process

  • Requires strong credit and detailed financial documentation

  • Slower funding time compared to private or alternative lenders

  • Often requires a personal guarantee and may include collateral requirements

  • Prepayment penalties may apply, limiting repayment flexibility for fast-growing practices

Medical equipment financing

Pros:

  • Preserves working capital by spreading out equipment costs over time

  • Quick approval and funding timelines compared to traditional loans

  • Equipment itself often serves as collateral, reducing personal asset risk

  • Offers tax benefits through Section 179 deductions for leased or financed equipment

  • Flexible structures available including lease-to-own, rentals, or low-down-payment plans

Cons:

  • Higher interest rates than traditional bank loans in some cases

  • Limited to purchasing or leasing equipment—can’t be used for other business needs

  • May require a personal guarantee, especially for newer practices

  • Equipment can depreciate faster than the loan is repaid

  • Leasing options may include end-of-term buyouts or balloon payments

Business Lines of Credit for Doctors

Pros:

  • Only pay interest on the funds you draw, not the total credit limit

  • Revolving access to capital makes it ideal for managing ongoing or unexpected expenses

  • Can be reused without reapplying once the credit line is established

  • Faster funding and less documentation than traditional term loans

  • Helps build and strengthen your medical practice’s credit profile over time

Cons:

  • Credit limits may be lower than lump-sum term loans

  • Variable interest rates can fluctuate and impact monthly payments

  • May include maintenance or draw fees even when funds aren’t used

  • Requires solid credit and consistent revenue for best terms

  • Can be harder to qualify for if your practice is new or has irregular cash flow

Revenue-based financing for healthcare providers

*Revenue based financing through a merchant cash advance.

Pros:

  • Approval is based on revenue performance, not personal credit score

  • Flexible repayment structure tied to a percentage of future revenue

  • No fixed monthly payment—payments adjust with your cash flow

  • Faster approval and funding compared to traditional loans

  • Doesn’t require giving up equity or control of your medical practice

Cons:

  • Higher overall cost of capital compared to SBA or bank loans

  • Daily or weekly repayments can strain cash flow during slow periods

  • Total repayment amount is fixed upfront and not reduced by early repayment

  • Not ideal for brand-new practices with little to no revenue history

  • May require access to your bank account or merchant processor for automatic repayments

Startup loans for physicians

Pros:

  • Provides critical capital to launch a new private practice from scratch

  • Can cover upfront costs like leasing office space, equipment, staffing, and marketing

  • Tailored loan programs available specifically for medical professionals

  • Some lenders offer deferred payments or interest-only periods during ramp-up

  • Helps build business credit and lender relationships early in your career

  • No revenue history required to qualify with certain lenders

Cons:

  • Harder to qualify without a solid business plan and financial projections

  • May require a personal guarantee or collateral if the practice has no revenue history

  • Tied to personal credit, which often requires personal guarantees

  • Interest rates may be higher due to perceived startup risk

  • Longer approval timelines compared to alternative financing options

  • Loan amounts may be capped based on projections, not growth potential

Learn More

Medical Practice Loans: Pros & Cons

ProsCons
Wide range of financing options for private practices and clinicsSome loans may require personal guarantees
Helps manage cash flow for operations, staffing, and patient billingHigher interest rates on unsecured or alternative loan products
Access to equipment-specific financing for diagnostics and treatmentDebt service coverage ratio (DSCR) requirements for approval
SBA 7(a) and 504 loans available with competitive termsLonger approval times for SBA and traditional bank loans
Possibility of building strong business credit for future expansionSolid business plan and financial documentation often required

How Do You Apply For a Medical Practice Loan?

Before applying, define how much capital your medical practice truly needs. Are you purchasing new diagnostic equipment, hiring additional staff, or covering startup costs? Outlining specific use cases will help you choose the right medical business loan—whether it’s equipment financing, revenue-based funding, or an SBA 7(a) loan for broader working capital.

Most lenders require key documents, such as business tax returns, personal and business credit scores, profit-and-loss statements, and proof of medical licensure. If you’re a new physician, a strong business plan and cash flow forecast can increase your approval chances.

Compare loan offers from traditional banks, SBA-approved lenders, and alternative financing platforms like AMP Advance. Look for the best combination of interest rate, repayment terms, and funding speed. Once you’ve selected the right option, submit your completed application and wait for underwriting to review.

Apply Now
Local medical office building in a suburban neighborhood, representing medical practice loan opportunities

When to Use Healthcare practice financing

  • 🩻 Purchasing Diagnostic Equipment
  • 🧱 Renovating or Expanding the Practice
  • 🩺 Hiring or Training Medical Staff
  • 💻 Implementing Electronic Health Record (EHR) Systems
  • 💵 Bridging Cash Flow During Insurance Reimbursements

I appreciate the communication and knowledge the AMP team shared with me. I got the funding I needed in time and was able to pick up a big project I really wanted!

Matthew L.

It is an excellent company, the process to get funded was very easy and fast, and the customer service was very good 👍  
 
 

Sebastián V.

Great customer service. Everyone was very friendly but still professional. They went the extra mile to help me get funding. They are awesome!  
 

Stephanie D.

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YOU GOT QUESTIONS? WE HAVE ANSWERS!

What are the qualifications needed for a medical practice loan?

To qualify for an medical practice financing we require at minimum:

  • 6 months in business
  • $10,000 monthly gross revenue
  • Business bank account
  • US based business
  • US citizen or legal permanent resident

While requirements vary, a credit score of 680 or higher is typically preferred by lenders. However, some programs may accommodate lower scores, especially with strong business plans or collateral.

Yes, SBA 7(a) and 504 loans can be used for purchasing medical equipment, among other practice-related expenses.

Absolutely. Startup loans are specifically designed to provide capital for new medical practices, covering costs like leasing space, purchasing equipment, and initial operational expenses. 

Before choosing a lender, explore insights from industry insiders in the AMA’s guide on starting your private practice to understand financial needs and avoid common pitfalls.

Approval times vary by lender and loan type. Traditional bank loans may take several weeks, while some specialized lenders offer faster approval processes.

Efficient billing services can improve cash flow and financial stability, positively influencing loan approval chances by demonstrating effective revenue management.

Explore More Healthcare practice financing Tips:

ready to grow your business?

Whether you need a small business loan or equipment financing, AMP Advance can say, "Yes!"

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Jersey City, NJ 07306

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