Expand your limits

BUILD YOUR BUSINESS LOAN

$10,000 – $500,000 check eligibility

Description
Medical office
Loan options
How to Apply

MEDICAL PRACTICES THAT USE BUSINESS LOANS FOR THE FOLLOWING REASONS

  • Expand your current practice space

  • Upgrade technology

  • Delayed Insurance payments

  • Open new Location

  • materials & supplies

  • Cash flow stress

EFUNDEX HAS 4 DIFFERENT MEDICAL OFFICE BUSINESS LOANS AVAILABLE

Efundex has 4 different medical office financing options for you and will help you choose which medical office loan is best for your business.
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SIMPLE INTEREST TERM LOANS

Learn about this loan

  • Term Length:3-36 Months
  • Simple Rates:5% – 35%
  • Payment Frequency:Business day-Weekly
  • Decision time:1-5 hours
  • Years in business:1 Year
  • FICO:550

Learn more

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LONG TERM LOANS

Learn about this loan

  • Terms length:1-5 Years
  • Rates:5-21%
  • Payment Frequency:Bi-weekly- Monthly
  • Decision Time:1-2 days
  • Years in business:2 years
  • FICO:680

Learn more

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LINE OF CREDIT

Learn about this loan

  • Terms Length:6-12 Months
  • Rates:5-20%
  • Payment frequency:weekly
  • Decision Time:1-5 Hours
  • Years in business:2 years
  • FICO:680

Learn more

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MERCHANT CASH ADVANCE

Learn about this loan

  • Terms length:No set time
  • Rates:1-3% Cents on a dollar per month
  • Payment frequency:Business day -Weekly
  • Decision Time:1-5 Hours
  • Years in business: 3 months
  • FICO:500 +

Learn more

HOW IT WORKS

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    1. Apply Online

    Apply Online in just a few Minutes or

    Call us directly 212-213- 5680.

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    2. View Results

    Our system evaluates your business and provides a Pre-approval amounts, terms and repayment options.

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    3. Getting Funded

    Upload your documentation.

MEDICAL COMPANIES ANS PROFESSIONALS WE WORK WITH

AND MANY MORE
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Dental Practice loans

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Veterinary practice loans

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Pharmacist loans

  • Physician – Doctor loans
  • Optometry Loans
  • Physical therapist loans
  • Home healthcare loans
  • Physician Assistant loans

WHY CHOOSE EFUNDEX FOR YOUR MEDICAL OFFICE BUSINESS LOAN

Efundex understands that medical offices and physicians face unique challenges involving daily operations. There are multiple issues involved with operating a successful medical office. There are two issues involved in Operating a successful medical office, the first side is your expertise which you provide to your customers. That being examination, performing tests and prescribing the correct medicine for the illnesses, while handling your patients with the utmost care. Most doctors and dentists enjoy this part of the businesses because this what they trained to do. This is your motivating factor.

The other side of the business is considerably more challenging for most medical professionals. You were not trained to wait on insurance payments, collect on past due receivables, or purchase and upgrade equipment. Neither were you trained in some of the other essential tasks such as ordering supplies for the office and handling payroll. Any of these things could cause cash flow stress to the business and delay businesses expansion plans.

Is your medical office ready for expansion?

Some things to consider
  • Is your equipment updated
  • Hiring additional staff
  • Accounts receivables delayed
  • Purchasing materials or supplies in bulk
  • Expand practice

Efundex helps medical offices to obtain commercial financing to grow and expand their businesses, our loans range between $10,000 00-$500,000 for manufacturing companies.

SUCCESS STORIES

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Efundex total loan
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Success business
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Success business

Dentist Office

Equipment Upgrades

$74,500

El Paso Texas

  • 8 years in business
  • $ 850,000 in revenue

Home healthcare

Cash flow

$90,000

Miami, Florida

  • 14 years in Business
  • $2,300,000 in revenue

MRI Company

Purchase Equipment

$177,500

Chicago, ILLIONOIS

  • 2.5 years in business
  • $ 2,300,000 in revenue

Woman’s center

Accounts receivable slow

$34,000

Austin Texas

  • 7 years in business
  • $750,000 in revenue

See what loans you qualify for

MEDICAL OFFICE BUSINESS LOAN OPTIONS

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Option 1. Medical offices simple interest loans

These medical loans are designed for a medical office where a Medical Professional could see an immediate return on investment, or to take advantage of new technology or upgrading equipment that could make the practice more efficient. These loans are heavily based on your cash flow, not on collateral or profitability.

Use of funds

  • Upgrading technology
  • Equipment purchases
  • Supplies purchases
  • Insurance payments delay

  • Terms

    3-36 months

  • Loan amount

    $10,000-$500,000

  • Rates

    6-38% simple rates

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Option 2. Medical office long term loans

These medical office loans are designed for larger purchases such as remodeling your medical office, opening a new location, upgrading your technology or office equipment. With long term loans you’re usually borrowing a much larger amount with repayment spread over a longer term. That scenario gives you the ability to spread out your payments without affecting your cash flow. Term loans are designed for long-term growth and revenue increase which may take a while to show itself on the profit & loss statement. This type of project can take several months before a return on investment is realized.

Medical office long term loan are used for:
  • Large expansion plans
  • Big supplies order
  • New locations
  • Upgrading technology

  • Terms

    1 – 5 years

  • Loan amount

    $10,000 – $500,000

  • Rates

    5 – 21%
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Option 3. Medical office lien of credit

Lines of credit for medical professionals are often used for cash flow and unexpected expenses and act as a safety net.  The revolving line of credit from EFundex gives you the flexibility to not miss an opportunity or have immediate funds available for an unforeseen expense. A medical office operator owner knows that planning for the unexpected is an intelligent business decision. The Medical professional can draw on the funds at any time.

Medical office line of credit are used for:

  • Unexcited expected
  • Upgrade equipment
  • Payroll
  • Small purchase

  • Terms

    3-12 months

  • Loan amount

    $10,000-$150,000

  • Rates

    6 – 25%
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Option 4. Medical office merchant cash advance

Medical office merchant cash advances are often used for businesses with more seasonality where the owner would like the payments adjusted to their cash flow increasing or decreasing.   Medical office merchant cash advances are not loans, instead, they are an advance against your future business revenue.

Medical office merchant cash advance use of funds:

  • Medical office merchant cash advance use of funds
  • Small purchases
  • Unexpected expenses
  • Plan for seasonality

  • Terms

    No set time

  • Loan amount

    $100,000 – $100,000

  • Rates

    1 – 3% on a dollar per month

Let’s get started and see your Medical Office loan options with EFUNDEX

And find out your Medical Office funding options in as little as 1 business day.