Medical Financing Loans
Medical professionals depend on a steady cash flow to maintain their clinics, pay for equipment, and compensate their employees. If you own a medical practice and are unable to obtain funding from banks or other traditional lenders, a medical financing loan from Business Lending Authority could be the right solution for you. Even if you had bad credit or have been declined for a bank loan, we can still provide you with the capital you need in as little as 24 hours.Eligibility for medical financing loans is based not on your credit, but rather on your monthly gross earnings. As long as you have operated a medical practice in the United States for at least 3 months and can show proof of revenue totaling at least $10,000 per month, then you qualify!
Our Program
If you are approved for a medical financing loan, we will advance your capital within one business day. In doing so, we are purchasing a percentage of your future earnings. Once you have received your advance, we will deduct a portion of your daily earnings until the full amount has been paid back. In some cases we will deduct a small fixed amount each day. Alternatively, we can collect a percentage of your daily bank deposits until the full amount has been paid off. With this approach, your payments are proportionate to your earnings, so you will not be overburdened when business is slow, and there is no fixed repayment term.- No collateral or property liens.
- Cash funding in 24 hours.
- Credit card processing not required.
- No application fee.
- Bad credit is not an issue.
- Bankruptcy and foreclosure OK.
- Loans do not appear on your credit report.
- No restrictions on use of funds.
