Featured on Physician’s Practice: Do Merchant Cash Advances Benefit Physicians?

male doctor researching medical practice loan options on computer

Multiple types of small business funding exist for doctors and medical professionals, including Small Business Administration Loans, bank loans, and funding from alternative lenders.

SBA and bank loans typically have the lowest rates, largest loan amounts, and longest terms, but they also have the strictest approval requirements and can take weeks or months to receive a decision—all with no guarantee of approval. Alternative lenders offer smaller loan amounts typically at higher rates, but your application can be approved in as little as 24 hours.

Merchant cash advances are one of the most popular alternative funding options. We joined Physician’s Practice to share our expertise on this common form of alternative small business funding. Read the full article to learn more about:

  • What a merchant cash advance is
  • How merchant cash advances work for medical professionals
  • Qualification requirements
  • Merchant cash advance rates
  • Who should apply for a merchant cash advance
  • How to use a merchant cash advance to grow your medical practice
Read the full article
Author:
With over 25 years’ experience in financial services, Pamela Kohl has worked closely with banks, alternative finance, and other fintech platforms to develop core banking services, as well as establish new card programs, lending programs, and global payments platforms. She has been nationally recognized for creating innovative solutions, leveraging new markets, and developing winning strategic partnerships. Currently, Pamela serves as Vice President of Marketing at Greenbox Capital. Pamela earned a B.A. from Marshall University, summa cum laude, and M.A. in International Economics from the University of Miami, where she graduated with Distinction.