Business Line of Credit for Medical & Healthcare.
Medical & Healthcare operators turn to business line of credit when practice acquisition and partner buy-in/buyout or medical, dental, imaging, and surgical equipment can't wait on a bank timeline. Summit underwrites the sector against time in business, not just two years of clean returns.
Business Line of Credit for medical & healthcare.
Working capital against insurance receivables for payroll, supplies, and growth.
For medical & healthcare business line of credit placements, expect credit limit of $25K – $500K, apr of 10% – 30%, draw term of 6 – 24 Months. Qualification typically requires time in business 12+ Months and annual revenue $250,000+.
- ◆Practice acquisition and partner buy-in/buyout
- ◆Medical, dental, imaging, and surgical equipment
- ◆Office build-out, expansion, and second locations
- ◆Insurance AR financing and working capital
What to expect.
Business Line of Credit · Medical & Healthcare.
Working capital against insurance receivables for payroll, supplies, and growth.
Most medical & healthcare business line of credit placements close in 3 – 7 days. Summit's desk routes the file to the lenders most active in this sector.
Last 3 – 6 months of business bank statements. Most recent business tax return. Personal financial statement for owners (20%+).
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get business line of credit for your medical & healthcare operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →