Step 1: Apply online
The application asks about your practice, your specialty, roughly how much you need and what the money is for. It takes a few minutes. Being specific helps: an ultrasound replacement, a second location or payroll during a credentialing gap each point to different products and funders, so a clear use gets you better-matched offers.
You do not need an equipment quote or a signed lease to start. Many owners check what they can likely qualify for first, then bring the quote, bid or letter of intent once they know the range. Start the application.
Step 2: Share documents
Next, funders review your financials. Most ask for recent business bank statements, tax returns, and a summary of collections or accounts receivable, plus the details of the project. Requirements vary by product and funder; many look at time in business, monthly revenue and credit. Complete documents are the biggest factor in speed.
Export totals from your billing software, not patient-level reports, and never send patient names, charts or any patient information. The full list is in our document checklist.
| Financing | Common use | What affects timing |
|---|---|---|
| Equipment financing | Imaging, exam, rehab and lab equipment | Vendor quote, credit and collections review |
| Working capital or line of credit | Payroll, claims timing, hiring ramps | Bank statements and collections summaries |
| Term loan | Build-outs, new locations, practice purchases | Bids, lease review, valuation and closing steps |
| SBA loan options | Long-term growth and purchases | Lender and SBA processing, extensive documentation |
Step 3: Compare offers
When offers come back, compare total repayment, term, payment frequency, fees and any prepayment terms, not just the payment amount. A lower payment over a much longer term can cost more overall. We help you line offers up side by side and ask the funder about anything that is unclear before you sign.
Match the term to the use. A device you will keep for years can carry a longer term; a short cash gap should be repaid quickly. If no offer fits, you can walk away. See the solutions overview for how each product is typically structured.
Step 4: Sign and fund
Once you accept an offer, the funder sends the agreement for signature and completes its final checks. Equipment financing usually pays the vendor. Working capital and lines of credit fund to your business account. Some approvals come within a day or two, depending on documents; larger projects release money on a closing or draw schedule.
After funding, payments follow your agreement. Keep your bank account and contact details current with the funder, and tell them early if your practice changes ownership, location or bank.
What you’ll typically need
- Recent business bank statements
- Business and personal tax returns
- Monthly collections and A/R aging totals by payer category
- Equipment quote, contractor bid, lease or purchase agreement
- Owner identification and practice ownership details
Frequently asked questions
Does applying commit me to anything?
No. Applying lets funders review your practice and make offers. You decide whether to accept any of them. Ask each funder how its credit review works, including whether and when a hard credit inquiry happens, before you move forward.
Why do some financing types take longer?
Build-outs, practice purchases and SBA loans involve more parties and more paperwork: contractor bids, lease reviews, valuations, landlord or seller documents and closing steps. Equipment financing and working capital rely mostly on financial documents, so they can move faster when your file is complete.
Can I apply before choosing equipment or a location?
Yes. Many owners apply early to understand what they can likely support, then bring the quote or lease once they have narrowed their choice. Offers for specific projects usually need the final paperwork before they fund.
What if my practice is new?
Some products work for newer practices, especially with strong owner credit, relevant experience and a realistic monthly forecast. Funders weigh the provider and the plan more heavily when collections history is short, so expect more questions about ramp-up and credentialing.
Start with step one
The application takes a few minutes and commits you to nothing.
Updated September 14, 2026 · MedicalBizFunding Team