Medical Practice Funding

Challenges for Medical Practices

As the owner of a medical practice, you need to balance being part health professional and part business owner. Aside from serving your patients, you must be able to meet the demands of your customers for expensive equipment or new patient care options and be prepared to respond to sudden expenses that may demand cash reserves. At the same time, the bulk of your profits may come through third-party insurers, which may mean erratic and delayed payment.

Finding Funding

You need access to working capital to meet these challenges and capitalize on opportunities, but securing loans from banks can be difficult. If your business is smaller, or you’ve had credit issues in the past, you may be turned away. Even if you qualify, it can take up to several months to get the cash you need now.

Working Capital from iBusiness

Working capital from iBusiness is different. We evaluate your application based on your real-world business data, not on just personal FICO scores, and make a decision in less than 24 hours. If you are approved, you can get up to $250k deposited directly into your business account in 72 hours or less. How do you pay it back? We work with you to find the correct product that will be automatically deducted from your business bank account.

Advancing Your Business

What can you use your funding for? It’s up to you, but medical practice owners have used their working capital for:

• Hire more staff to meet demand.
• Purchase new equipment.
• Expand or remodel your practice.

How do you know if you qualify? Most businesses that have been around for at least six months and have a monthly revenue of $6,500 or more can get funding from iBusiness. Don’t wait any longer – click the “get started now” button or call us at 855-462-4249.