How medical practices get funded

Five steps, in order, with the actual numbers at each one. Most of the work happens before the application, and so do most of the failures.

The five steps

1. Confirm the industry is eligibleIndustry is checked at NAICS level before anything else and is the most common single reason a file is declined.

2. Work out your tier3+ years in business, a 650 FICO, $300,000 a year or $25,000 a month, 8+ deposits a month opens the cheapest products. 6 months in business, a 600 FICO and $60,000 in verifiable revenue opens revenue-based funding.

3. Clean the bank statementsThree to six months are read. Target an average daily balance near 10% of monthly revenue, under 3 negative days a month and under 6 NSFs.

4. Decide what the money is forA defined purchase points to a term loan or equipment finance. An uncertain or recurring need points to a line of credit.

5. Apply with everything readyThree months of statements, entity details, owner details, and any existing positions disclosed. Complete files get a same-day decision.

The three things that most often go wrong

Applying from a restricted industry — checked first, and nothing else compensates

A thin average daily balance relative to revenue — the second most common decline reason

Not disclosing an existing position — underwriting finds it either way, and disclosed positions are handled routinely

If you are short today: time in business is the one input you cannot accelerate. Everything else moves in a quarter — consolidate deposits into one operating account, reduce unnecessary transfers out, and keep the balance off zero.

Common questions

How do medical practices get a business loan?

Confirm the industry is eligible, work out which tier you land in, clean up three months of bank statements, decide what the money is for, then apply with everything ready.

How long does it take?

Same-day decision and next-business-day funding on a complete file.

What is the most common reason for decline?

A restricted industry, then a thin average daily balance relative to monthly revenue.

Do I need a business plan?

No. Underwriting reads bank statements, not projections.

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