Many types of long- and short-term physician loans are available to help finance your growth, including SBA medical practice loans, bank loans, and alternative funding. If you’re ready to grow your medical practice, alternative physician funding may be the fastest and easiest way to get the working capital you need.
Alternative medical practice funding like merchant cash advances, invoice factoring, and lines of credit can provide the working capital you need in as little as one business day, with a streamliend online application and flexible approval requirements. There are no restrictions on how alternative physician loans can be used, but they are typically bets used to finance growth strategies that will improve your practice’s revenue.
We joined Physician’s Practice to share our expert advice for 6 ways medical practices can use alternative funding to grow their practice, including:
- Buying equipment and technology
- Purchasing real estate
- Acquiring a practice
- Hiring staff
- Boosting marketing
- Improving patient services