Healthcare & Medical Working Capital Loan Categories

Program Now EXPANDED to Healthcare Providers

Here are just a few examples of Healthcare businesses and providers that are now available for Working Capital Loans!
Assisted Living Facilities, Chiropractors, Nursing Homes, Sonographers, Physicians Assistants

Call us today with your potential Healthcare prospect!

Traditional Medical Disciplines That Are Accepted

Anesthesiologists, Board Certified Interns, Cardiologists, Cardiovascular Surgeons, Dentists, Dermatologists, Family Practitioners, Gastroenterologists, General Practitioners, General Surgeons, All MD’s, Maxillofacialists, Nephrologists, Neurosurgeons, OB/GYN’s, Oncologists, Ophthalmologists, Opticians, Optometrists, Oral Surgeons, Orthodontists, Orthopedic Surgeons, Osteopaths, Otorhinolaryngologists (ENT), Pathologists, Pediatricians, Periodontists, Physical Therapists, Plastic Surgeons, Proctologists, Psychiatrists, Podiatrists, Radiologists, Urologists, Veterinarians

Details of our NEWEST Medical Loan Program

MEDICAL ZERO DOWN LOAN PROGRAM
(ZDL)

Application only up to $75,000!
Almost all equipment accepted i.e... Lasers, Software
No advance payments!
No security deposits!

Anesthesiologists, Board Certified Interns, Cardiologists, Cardiovascular Surgeons, Dentists, Dermatologists, Family Practitioners, Gastroenterologists, General Practitioners, General Surgeons, All MD’s, Maxillofacialists, Nephrologists, Neurosurgeons, OB/GYN’s, Oncologists, Ophthalmologists, Oral Surgeons, Orthodontists, Orthopedic Surgeons, Osteopaths, Otorhinolaryngologists (ENT), Pathologists, Pediatricians, Periodontists, Physical Therapists, Plastic Surgeons, Proctologists, Psychiatrists, Radiologists, Urologists, Veterinarians

Please contact us for all your healthcare & medical transactions!

Approved Finance Group
MEDICAL ZERO DOWN LOAN PROGRAM
“ZDL”

General Information and Credit Criteria

Equipment/ Working Capital Loans
$15,000 to $75,000
***Application only***

The ZDL program will allow the doctor to receive funds equal to the cost of the equipment being purchased or the reimbursement for the equipment recently purchased, plus up to an additional 20% of working capital funds that will be determined by the credit manager.
The ZDL program is great to use for just about any type of equipment or upgrade to the practice that you can think of, i.e.…new cabinets, countertops, software, tables, chairs and so on.
The transaction will require a list of collateral that will be purchased with any portion of dispersed funds.
No Advance Payments!
No Security Deposits!
No Vendor Qualification is required!
Designed for established medical and dental practices. Doctors must have a minimum 3 years Time Owning Current Practice (TOCP). Previous practice ownership may be considered in determining loan amount maximum.
The ZDL Program is designed for the medical professional operating his or her own practice on a day-to-day basis.
Loan does not appear on personal credit bureau unless it becomes severely delinquent.
The funds will be delivered overnight or wired to the doctor or vendor at no additional cost.
A 60 month loan term offers the doctor the lowest interest rate with your points added.
Terms to 72 months on loans $50,000 and up (if requested and approved).
First payment is collected in arrears. No Advance Payments or Security Deposits are required!
The doctor’s personal guarantee is always required. Spousal personal guarantees may be required if the spouse is active in the practice or a signor on the business checking account
Minimum 675 Beacon, Fair Isaac or Empirica score required.
Approvals are valid for 30 days.
Tax returns may be required when revolving debt is $50,000 or greater, excluding secured lines of credit. When revolving debt is $25,000 but less than $50,000 with less than 40% revolving available, tax returns may also be required.
Our collateral is a lien against the equipment being purchased and the general assets of the practice as well as the personal guarantee of the doctor.
All transactions require a $750 administrative/processing fee.
Early payoffs are bcalculated to “present value” discounting the sum of the remaining payments using a 5% per annum rate.
Bankruptcies will be considered after 5 years if clean credit has been re-established.
Unfortunately, we cannot offer the ZDL Program in Alaska and Hawaii.
Florida doc stamp tax fee applies to working capital loans.
Rates and referral points are determined by loan size. See attached Categories and Rates document for ZDL Program rates and points allowed.

**Remember---APPLICATION ONLY to $75,000! **
Zero Down Loans vs. Equipment Leasing

ISSUES	LOANS	LEASES
Upfront payments.	No	Yes
Installation of equipment must be completed prior to funding	No	Yes
Original vendor invoice required prior to funding.	Yes	Yes
Leasehold improvements included.	Yes	Some
Debt reflected on CBR.	No	Maybe
Sales tax issues	No	Yes
Personal property tax issues	No	Yes
Life insurance required	No	Maybe
Property insurance required	Yes	Yes
Administrative fees required	Yes	Yes
Early payoff allowed.	Yes	Maybe
Equipment may be purchased from another end-user, auction house or Internet.	Yes	No
Heavily customized software transactions and hourly IT work.	Yes	No

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Healthcare & Medical Working Capital Loan Categories

Traditional Medical Disciplines That Are Accepted

Healthcare & Medical Working Capital Loan Categories

Traditional Medical Disciplines That Are Accepted

Apply Now (PDF)