Medical Practice Funding
PROVIDE YOUR PATIENTS WITH THE BEST CARE AND HELP GROW AND MAINTAIN A HEALTHY MEDICAL PRACTICE WITH UP TO $500,000 IN FUNDING FROM OPALESCENT SOLUTIONS IN AS FAST AS 24 HOURS.
Fast Medical Practice
Funding You Can Trust
The Small Business Administration and commercial banks often consider doctors and medical practices to be ideal candidates for funding because of their high earning potential, high net worth, and stable income. However, the application process for these lenders can last months, and there’s no guarantee of approval. While you wait, your patients’ health may suffer, and opportunities to grow can vanish.
As an alternative lender, Opalescent Solutions can approve more medical practice funding than traditional lenders, and we can approve funding faster, with funds deposited in as little as one business day. We provide multiple types of doctor office funding to help grow your medical practice, with funding from as low as $3,000 up to $500,000 and no restrictions on how you can use your funds. We fund all medical specialties, including general practitioners, psychiatrists, dermatologists, veterinarians, and more.
How To Use
Medical Practice Funding
There are no restrictions on how you can use your funds. Doctor office funding is ideal for supporting growth initiatives that will increase your practice’s revenue, such as improving or expanding your practice. Use your funding to:
Hire staff so you can expand your practice’s services and take on more patients
Upgrade or invest in new equipment or lab supplies
Develop a secure website to offer new services like online booking or virtual care
Energize your marketing and advertising to bring in more patients
Purchase a new location or expand your current practice
Renovate your office to offer a more comfortable patient experience
Sometimes, medical practices need a quick infusion of working capital to help meet the unique challenges of their field, such as:
High patient turnover
Delayed or denied insurance claims and trouble receiving timely payments
Meeting new patient needs, such as offering remote care or shorter wait times
High cost of medical equipment, technology, and supplies
New equipment and training required to keep up with changing standards
How Medical Practice Funding Works
Medical Practice Funding Q&A
I am opening a satellite office and need to hire additional staff. What type of medical practice loan is best for me?
There are several funding options that may work for you, including a small business loan, collateral loan, or merchant cash advance. One of our Funding Advisors can assist you in selecting the best solution for your practice.
Can I use medical practice funding to pay off my school loans?
We do not restrict how you use your funds, but we always recommend using alternative loan to grow your practice, such as upgrading equipment, expanding to a new location, or adding new services.