Key Takeaways
- Average loan size: $425K
- Approval rate: 89% for qualified applicants
- Typical funding timeline: 10-21 Days
- Average borrower revenue: $1.8M
- Check your Bankability Score to see personalized options
A medical practice loan is a capital product designed for physicians, specialists, and healthcare groups seeking to start, acquire, expand, or equip a medical practice. Healthcare is one of the most bankable industries in commercial lending—lenders love the combination of high revenue, essential services, and professional credentials. Bankable connects medical professionals with lenders who offer physician-specific programs featuring reduced documentation, higher approval rates, and terms that reflect the stability of healthcare revenue.
Industry Challenges
- Insurance reimbursement delays of 30-90 days creating cash flow gaps
- High startup costs for new practices ($250K-$500K minimum)
- Medical equipment costs ($50K-$500K per item for imaging, surgical, diagnostic)
- Student loan debt averaging $200K+ impacting personal debt-to-income ratios
- Regulatory compliance costs increasing annually (HIPAA, OSHA, state licensing)
- Staffing costs consuming 25-35% of practice revenue
Funding Solutions
- Practice Acquisition Loans: Finance the purchase of an existing practice with up to 100% financing for qualified physicians. SBA and conventional options available.
- Medical Equipment Financing: Fund imaging equipment, surgical instruments, EHR systems, and diagnostic tools with the equipment as collateral.
- Practice Expansion Lines: Revolving credit from $100K-$1M for adding providers, opening satellite locations, or renovating facilities.
- Startup Practice Loans: Specialized programs for new physicians opening their first practice. Available even with student loan debt.
- Working Capital: Bridge insurance reimbursement gaps and cover operating expenses while receivables process.
Capital Products
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Explore →Frequently Asked Questions
Most physician-specific loan programs offer unsecured financing up to $250K based on your professional credentials and practice revenue. Larger amounts may require equipment or real estate as collateral, but terms are significantly more favorable than general business loans.
Yes. Lenders that specialize in medical practice financing understand student loan debt is standard for physicians. They evaluate your practice revenue and professional trajectory rather than penalizing you for educational debt. Programs exist specifically for residents and fellows.
Physician-specific programs offer $50K to $2M+ depending on the purpose. Practice acquisitions can finance up to 100% of the purchase price. Equipment financing covers 100% of the asset cost. Startups typically qualify for $150K-$500K.
Medical professionals receive premium rates due to low default risk. SBA loans start at Prime + 2.25%. Conventional practice loans range from 5.5-9%. Equipment financing from 4.5-8%. These are significantly below rates offered to higher-risk industries.
Equipment financing: 5-10 business days. Working capital: 3-7 days. SBA practice acquisition loans: 30-60 days. Conventional practice loans: 14-30 days. Bankable expedites the process by pre-matching you with the right lender.