Medical and Dental Practice Financing

Practices are often profitable but cash-constrained. Insurance reimbursements arrive weeks after care is delivered, while imaging equipment, build-outs and staffing costs arrive up front. Financing designed for practices bridges that gap.

Common uses

• Imaging, dental chairs, lasers and diagnostic equipment
• Office build-outs, renovations or a second location
• Buying into or acquiring a practice
• Working capital while reimbursements are pending
• Refinancing higher-cost debt

Options for practices

Equipment financing. Spread the cost of expensive equipment over its useful life. The equipment typically secures the financing.

SBA 7(a) and 504 loans. Long-term, lower-cost financing for practice acquisitions, real estate and major projects. Expect a more detailed application and a longer timeline.

Business term loan. Fixed payments for expansion or refinancing, usually faster than SBA.

Line of credit. A flexible buffer for payroll and supplies while claims are processed.

Merchant cash advance. Fast access based on deposits. It's useful for urgent needs but typically more expensive than the options above.

What funders look at

• Years in practice and licensing
• Monthly deposits, payer mix and reimbursement timing
• Owner credit and any existing practice debt
• For acquisitions: the practice's historical financials

Frequently asked questions

Can a newer practice qualify? Some equipment and SBA programs work with newer practices led by experienced clinicians. Revenue-based products generally need several months of deposits.

Is real estate financing available? Yes. SBA 504 and commercial real estate loans can finance owner-occupied buildings, often with a lower down payment than conventional loans.

How long does it take? Equipment and revenue-based funding can take days. Term loans often take one to a few weeks, and SBA loans longer.

Tell us about your practice and goals. SafeSpay compares options across multiple funders, starting with a soft credit inquiry.