Small Business Term Loan
Small Business Line Of Credit
Equipment Financing
Invoice Financing
SBA 7(a)
Construction
Restaurants
Healthcare
HVAC
Manufacturing
Trucking & Transportation
Automotive Services
Veterinarian
Retail
Beauty & Wellness
Blog
Funding calculator
FAQ’s
What we do
CareersSee what you qualify for
Apply in 5 minutes. Won’t affect your credit score.
85% approval rate · 10,000+ businesses funded · 4.9★ Trustpilot
Healthcare Financing Options at a Glance
Medical practices and healthcare businesses face a financing challenge that most industries don’t: revenue that’s already been earned but won’t arrive for weeks. The right financing product depends on whether you need to bridge that gap, invest in equipment, or fund long-term growth.
|
Loan Type |
Best For |
Repayment Term |
Min. Credit Score |
|---|---|---|---|
|
Facility renovations, expansion, large one-time purchases |
6-48 months |
500 |
|
|
Payroll gaps between reimbursements, recurring operating costs |
Revolving |
500 |
|
|
Medical equipment, diagnostic tools, imaging systems |
2-5 years |
500 |
|
|
Practice acquisitions, major expansions, larger amounts |
10-25 years |
N/A |
|
|
Operating expenses during slow periods or reimbursement delays |
3-24 months |
500 |
All products subject to approval. Rates and terms vary based on your business profile.
How Healthcare Business Financing Works
Healthcare is one of the most cash flow-constrained industries in small business — not because practices aren’t profitable, but because of the gap between when care is delivered and when payment arrives. Insurance reimbursements can take 30, 60, even 90 days to process. Medicare and Medicaid payments follow their own cycles. Meanwhile, your staff gets paid every two weeks, your lease is due the first of the month, and medical supplies don’t come on credit. The revenue is real — it’s just not in your account yet.
Think about what that looks like in practice: it’s mid-February. Your practice had a strong January — high patient volume, a full schedule. But January’s insurance claims are still processing. Payroll is due Friday. You need to restock supplies and your autoclave needs servicing. The money is coming — it’s just not here yet. That timing gap is not a sign of a struggling practice. It’s the standard operating reality for independent healthcare providers in the United States.
SBG Funding offers financing designed around how healthcare businesses actually operate. A business line of credit gives you revolving access to working capital so you can cover payroll and operating costs during reimbursement cycles — draw when you need it, repay when payments clear, draw again. A business term loan provides a lump sum for larger investments — a new exam room, a facility renovation, or the equipment your patients need. Equipment financing lets you acquire diagnostic tools, imaging systems, or treatment equipment without depleting working capital. Amounts from $5,000 to $1,000,000 — with same-day decisions.
Unlike traditional bank loans, SBG Funding does not require collateral, does not perform a hard credit pull, and does not require weeks of underwriting. Most healthcare loan applications are reviewed the same business day they’re submitted.
Why Healthcare Providers Choose SBG Funding Over a Bank
Traditional banks weren’t designed to accommodate the reimbursement-driven cash flow reality of healthcare. SBG Funding was built for it.
SBG Funding
Traditional Bank
Healthcare Financing for Every Situation
The right financing depends on where your healthcare business is right now.
Covering Payroll Between Reimbursements
Insurance reimbursements, Medicare payments, and patient billing cycles don’t align with your payroll schedule. A business line of credit gives your practice revolving access to working capital — draw what you need to cover staff costs when reimbursements are delayed, repay it when payments clear, and draw again next cycle. No reapplying. No fixed monthly payment when you’re not using it.
Purchasing or Upgrading Medical Equipment
From diagnostic imaging and ultrasound systems to dental chairs, surgical tools, and EHR infrastructure — medical equipment is among the largest capital expenses a practice faces. Equipment financing and business term loans let you acquire the equipment your patients need without a cash flow disruption, with repayment terms structured to fit your revenue cycle.
Expanding or Opening a New Location
Adding an exam room, acquiring a retiring physician’s practice, or opening a second location are all high-leverage growth moves — and all require significant upfront capital. A business term loan or SBA 7(a) loan provides the lump-sum funding to execute your expansion without disrupting your current patient operations.
What Healthcare Businesses Use Business Loans For
Restaurant financing is flexible. Here are the most common ways restaurant owners and operators put it to work.
Payroll and Staffing Costs
Staff salaries are the largest expense in most practices — and the least flexible. A business line of credit ensures your physicians, nurses, and administrative staff are paid on time, even when insurance reimbursements are running two months behind.
Medical Equipment Purchases
Diagnostic tools, imaging systems, surgical equipment, and patient monitoring devices are expensive and non-negotiable. Equipment financing lets you acquire the technology your practice needs while preserving cash flow for day-to-day operations.
Facility Renovations and Upgrades
A modernized waiting room, new exam rooms, ADA compliance updates, or HVAC and electrical upgrades all require capital that may not be sitting in your operating account. A business term loan funds facility improvements without disrupting patient care.
Hiring Additional Staff
Growing patient volume, expanding service lines, or covering a departure often means hiring quickly. Business financing covers recruitment costs, onboarding, and the initial payroll period before the new hire’s productivity is fully reflected in revenue.
Technology and EHR Systems
Electronic health record systems, telehealth platforms, patient scheduling software, and billing infrastructure are essential — and expensive to implement or upgrade. Working capital financing covers technology investments without a cash flow crisis.
Opening a Second Location
Expanding into a second practice location requires lease deposits, build-out costs, equipment, and enough working capital to carry the new location through its first months. SBG Funding’s healthcare business loans can fund the entire expansion.
All You Need to Qualify
$250K+
annual revenue
500+
min. FICO score
6+
months in business
4
bank statements
No collateral. No hard credit pull. No upfront fees.
SBG Funding evaluates more than 50 factors when making lending decisions — including revenue history, deposit consistency, and time in business. Healthcare businesses with strong cash flow may qualify even with an imperfect credit score.
What Healthcare Business Owners Are Saying
Real healthcare business owners. Real results.
★★★★★
“I selected SBG and will continue working with them for any loan for my business. I have been with a long relationship with them for my financial needs as a medical office. I was funded next day with a payment plan that works for me.“
Maria O. from Florida
via Trustpilot
★★★★★
SBG Funding made what can typically be a stressful experience feel effortless. The team was professional, responsive, and genuinely helpful every step of the way. If you’re looking for business funding and want to work with people who actually make the process easy, I highly recommend SBG Funding. Will definitely be working with them again!
Gil J. from Illinois
via Google Reviews
Just 3 Steps to Get Funded
01
Apply Online
Complete our quick online application in about 5 minutes. Basic information about your business and financing needs — no lengthy paperwork to get started.
02
Get Your Options
Our team reviews your application and presents loan options matched to your business profile. We look at revenue, deposit history, and time in business — not just your credit score.
03
Receive Your Funds
Once approved and documents are signed, funds can be in your business bank account in as little as 24 hours.
Frequently Asked Questions
-
Can I get a healthcare business loan with bad credit?
SBG Funding requires a minimum FICO score of 500. Credit score is one factor among many — strong revenue, consistent bank deposits, and solid time in business can all support your application. Many healthcare practices with scores between 500 and 620 have qualified based on strong deposit history despite reimbursement timing variability.
-
How quickly can I get funded?
After approval and document submission, funds can be available in as little as 24 hours. The online application takes about 5 minutes, and most applicants receive a decision the same business day.
-
Do I need collateral for a healthcare business loan?
No. SBG Funding’s healthcare business loans are unsecured — you are not required to pledge medical equipment, real estate, or other assets. Equipment financing is an exception: the equipment itself serves as collateral, which is standard across the industry.
-
What types of healthcare businesses qualify?
SBG Funding works with a wide range of healthcare businesses — including medical practices (primary care, specialty, and urgent care), dental and orthodontic practices, chiropractic offices, physical therapy and rehabilitation centers, mental health practices, veterinary clinics, optometry practices, and outpatient surgical centers. As long as your business meets the basic requirements — 6+ months in operation, $250K+ annual revenue, 500+ FICO — your healthcare specialty does not affect eligibility.
-
Can I get financing if my practice has irregular revenue due to insurance reimbursement cycles?
Yes. SBG Funding evaluates your overall revenue history and deposit patterns, not just your current month’s cash position. Healthcare practices with delayed or irregular cash flow due to insurance, Medicare, or Medicaid reimbursement cycles are a common profile for us. We look at annual revenue consistency and total deposit volume — not whether this particular month was slow.
-
Can I use a healthcare business loan to purchase medical equipment?
Yes. Both business term loans and dedicated equipment financing can be used to purchase medical equipment — including diagnostic imaging systems, ultrasound machines, dental chairs, surgical tools, EHR hardware, and patient monitoring equipment. Equipment financing often provides longer repayment terms for larger purchases and uses the equipment itself as collateral.
-
Can I get an SBA loan for my medical practice?
Yes. SBG Funding offers SBA 7(a) loans, which are well-suited for healthcare practice acquisitions, large facility expansions, and major equipment purchases. SBA loans provide larger amounts and longer repayment terms than conventional business loans. Qualification requirements are more stringent — contact our team to discuss whether SBA is the right fit for your situation and timeline.
-
Can I use a business loan to acquire an existing medical practice?
Yes. Practice acquisition is one of the most common uses of healthcare business financing. Whether you’re purchasing a retiring physician’s patient base and equipment, acquiring a competing practice, or buying into a partnership, SBG Funding can structure financing to cover the acquisition cost. An SBA 7(a) loan or business term loan are typically the best fit for acquisitions of this scale.
-
Can a newly opened practice qualify for financing?
Your practice must have been in operation for at least 6 months to qualify for most SBG Funding programs. If you opened recently, we recommend applying once you’ve reached the 6-month threshold with consistent monthly revenue. Practices with strong early deposit history and high patient volume may qualify at or shortly after the 6-month mark — contact us to discuss your situation.
-
How is SBG Funding different from a bank?
The primary differences are speed, flexibility, and qualification criteria. Banks typically require 2–8 weeks for approval, collateral, a hard credit pull, and often a FICO score above 680. SBG Funding makes same-day decisions, requires no collateral, performs no hard credit inquiry, and accepts FICO scores of 500+. We evaluate more than 50 factors — including your revenue history and deposit patterns — rather than relying primarily on credit score.
-
What documents do I need to apply?
To get started, you need your 4 most recent business bank statements. For larger loan amounts, we may also request business tax returns or additional financial documentation. No lengthy business plan or audited financials are required to begin the process.
-
Can I apply for additional financing if I already have a loan with SBG Funding?
Yes. Many SBG Funding clients renew or expand their financing as their business grows. If you have an existing loan in good standing, you may be eligible to apply for additional financing. Contact your funding specialist to discuss your options.
Ready to Keep Your Practice Growing?
Whether you need to bridge a gap between insurance reimbursements, invest in new medical equipment, or expand into a second location, SBG Funding has healthcare financing options built for how medical practices actually operate. Apply online in minutes — no collateral, no hard credit pull, no obligation.
