Long term loans like bank loans or SBA 7(a) Guaranteed Loans don’t always make sense for medical practices.
In some cases, funding with terms shorter than 5 years is ideal for meeting the immediate needs of a medical practice, such as upgrading equipment, restocking inventory, covering delayed bill payments, or simply increasing cash flow.
We joined Physician’s Practice to share our expertise about 3 short term funding options for medical practice funding, as well as our advice for when each type of funding is ideal. Read the full article for our advice about how medical practices can benefit from:
- Merchant cash advances
- Invoice factoring
- Lines of credit