Operating a successful medical practice, whether it’s a dentist, optometry, podiatry, chiropractic, rehab, lab, hospice, or even veterinary office, requires not only scientific knowledge, but also business-savvy. You need to know how to manage employees, patients and day-to-day work flow. That’s why working capital is so important for any business.
Working capital for a medical office can help with payroll, stocking up on inventory and supplies, making equipment purchases, marketing, training, and more.
While business loans would certainly be helpful for a medical practice, it’s not always the easiest or most expeditious route. You may have to go through a lengthy process just to be approved and payback time could be years long. That’s why a merchant cash advance is a great alternative – the approval process is quick, terms are easy to understand and payback is fast and seamless. Also, funding can be done in just days after approval.
Give us a call at 1-800-722-4476 to learn more about our medical funding programs.