fbpx

Small Business Loan Options For Doctors, Medical & Healthcare Practices

From an outsider’s perspective, doctors are never short on cash. The medical profession is known for its financial rewards, and it’s not as if people are going to suddenly stop getting sick one day. Yes, most doctors are compensated very well for their services. Their payment structure, however, isn’t as rewarding.

Doctors typically rely on insurance reimbursements, patient deductibles and co-pays for the majority of their income. Between all three sources of cash, the full payment is usually not received until at least one month after an appointment. A doctor’s income is usually completely unpredictable.

This is money that should go towards paying monthly bills, unforeseen expenses, or growth-related investments. Being unable to cover regular expenses on time is particularly dangerous for doctors because when it’s busy, they go through inventory very quickly and are always in need of replenishment. As any business owner will tell you, the longer you wait to cover one expense, the more likely another expense is to arise and the less business you’ll be able to do in the meantime.

Relationships between doctors, patients and insurance providers have also only become more complicated as of late. Compensation for certain procedures might seem fairly clear-cut until weeks later, when the doctor finds out the patient and insurer owe different amounts than previously thought. After looking over his or her finances, a doctor could easily discover a $100,000 hole due to unresolved insurance claims and late-paying patients. Doctors can technically get a better sense of timing by constantly chasing down insurers for collections but they are busy enough already.

Alternative Funding provides Small Business Loans for Doctors, Healthcare Professionals & Medical Practices who are waiting on insurance payments and other receivables. These funds can be used for equipment, supplies, furniture, payroll, expansion, remodeling, or any other medical office needs that require cash in hand. Our financing is perfect for practices that find themselves cash poor and struggling to come up with money for immediate expenses. Contact us today for your FREE business funding consultation!

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

Working Capital

We provide the entrepreneur alternative ways to gain access to working capital. Our flexible and affordable repayment options are designed to minimize the burden on your pocket!

Easy Approvals

Unlike a bank, we have fewer requirements for funding approval and we don’t base our decision on your credit rating. Contact us today to see how Alternative Funding can work for you!

Large-scale Funding

Your business is an expensive venture, imagine the peace of mind you’ll have with up to $1 million in unsecured capital available and ready for all of your financial challenges.

We Can Help You Move Your Business Forward

Get a Funding Partner

You’ve already done the hard work and started your business. Leave the rest to us. We have a fast approval process, and will have your funds deposited into your account quickly, sometimes in as little as 24 hours.

Fill out our online application. It takes just a few minutes to complete.

We’ll follow up with you to finalize the process and set up your account.

That’s it! There is no Step 3! *Your Funds will be deposited into your account immediately!

*Due to differing bank policies, it can several business days before your funds are available.

Our Application Process is Quick and Easy

In just a few short steps, we’ll have everything we need
and you’ll be on your way to accepting payments

99%

Merchant Approval Rating

About | Contact Us | Terms | Apply Now | Privacy Policy| Sitemap | Links

© 2020 Alternative Funding

1000 NW 65TH ST

Ste. 300B

Ft. Lauderdale, FL 33309

(888) 258-6279

Call Now ButtonCall Now