Financing built for how Medical businesses grow
Financing for small businesses in the Medical industry
With medical business financing from Merchant Growth, any private medical practice can secure quick and flexible financing. If you run your own medical practice, regardless of the health services you provide, our business financing options, such as our Term Financing and Business Line of Credit, can help make sure that your medical business has access to sufficient working capital.
Whether you need to purchase new medical equipment, expand your facilities, or simply cover the cost of day-to-day operating expenses, we can tailor a financing solution to meet your specific needs. Most importantly, our medical business financing options can provide you with much-needed flexibility, allowing you to use the funds in the way that makes the most sense for your business.
How Can a Medical Business Use the Funding?
Just like any other business owner, medical practice owners need working capital to prosper and grow over the long term. A medical services business may need to purchase inventory, medical equipment, pay for advertising, and handle any number of unexpected expenses, all of which can quickly drain the cash flow of medical practices. This is true whether you run a doctor’s office, a walk-in clinic, a pharmacy, a nursing home, or any other kind of medical practice business.
Merchant Growth knows this market well, and has developed products that fit the needs of any existing practice. With additional flexibility of daily or weekly payments, our goal is to provide convenient financing for your needs.
Health care services have a great deal of responsibility to their patients. Accordingly, the long wait for a medical business loan from a traditional bank can pose an additional challenge to the business and therefore also the quality of service offered to these patients. That’s where non-bank lenders, such as Merchant Growth, can provide the greatest value.
Whether you need the money for equipment financing, payroll, or for expansion, our financing options provide the flexible solution your medical business needs. In contrast to traditional business loans, our solutions are fast and convenient, and, best of all, they offer flexibility. With no collateral requirements and no hidden fees, Merchant Growth can help you get medical business financing in as little as 24 hours!
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FAQ
Applying is quick and easy. The application takes less than 5 minutes to complete. Click the “Apply Now” button on our homepage to get started. We’ll ask for some basic information about you and your business, and securely connect to your business bank account to review your revenue.
No. Applying is completely free, with no obligation. You’ll see all available options before making any commitments.
Yes. We conduct a soft credit inquiry on the business owner, which does not affect your credit score. We only perform a hard credit check if you decide to move forward with funding.
To qualify, your business must:
- Be located in Canada
- Have been operating for more than 6 months
- Generate at least $10,000 in monthly revenue
On average, applications are processed within 6–24 hours.
