Business loans for doctors and medical business loans
Get the medical practice financing you need to grow and thrive.
with a range of medical practice loans for healthcare professionals: doctors, dentists, chiropractors, hospitals, and other medical and healthcare businesses. We can address your business financing needs so you can focus on bigger challenges.
It’s not easy to be a healthcare entrepreneur.
You can’t even get started without a ton of education, and medical school weighs most graduates down with hundreds of thousands of dollars in debt.
Once you’re ready to practice, or develop new treatments, or create new technology — there are many ways to approach healthcare entrepreneurship — you’ll inevitably need to put a lot of capital into your business to get things off the ground.
If you’re starting a new practice or opening a dentist’s office, you’ll need to let local residents know you’re there, and you’ll have to stand out from many other practices in the same area.
Some practices send out a ton of flyers. Others buy space on billboards. You might try to partner with complementary medical offices, offer referral bonuses, or push for a strong rating on one of the many provider-rating platforms out there today. If you’re starting a med-tech or product-focused medical business, your need for visibility can be even greater.
For many healthcare businesses, the difference between thriving and surviving often comes down to the effectiveness of their marketing efforts.
This has become more important in recent years as retail healthcare providers like CVS, Walgreens, and other major pharmacy chains roll out low cost walk-in services such as flu shots, vaccinations, and basic wellness exams.
But you’ll need equipment before you run any marketing, because you won’t be able to serve new patients if you don’t have properly equipped office space.
The modern medical practice is highly tech-driven, and you’ll need plenty of new or improved devices, tools, systems, and machines all humming along to keep your staff informed and your patients healthy. Specialized healthcare equipment, whether it’s a CT scanner or a dentist’s chair, doesn’t come cheap.
On top of equipment and marketing, you’ve also got to consider the regulatory requirements for your business.
Healthcare is one of the most heavily regulated industries in the world, because you’re quite often taking responsibility for people’s lives.
Recordkeeping, compliance, insurance filings, HIPAA, Medicare, the FDA, the DEA, and other various acronyms and agencies will keep you busy checking boxes and filing paperwork.
You need staff to handle all of these requirements, and proper software and systems to manage your records.
Hiring well-qualified staff, such as office administrators, nurses, assistants, and other medical practitioners, is a challenge at any time. An economy at near-full employment, combined with a chronic shortage of medical professionals and a surge in the number of elderly patients who typically consume the most medical and dental care, can make staffing a nightmare for growing practices.
Many of these scenarios assume you’re a doctor, dentist, or other medical practitioner with a private practice. We certainly don’t want to ignore the needs of med-tech, biotech, medical supply, medical equipment, long-term care, chiropractic, physical therapy, veterinary, or other medical or healthcare businesses.
We’re proud to support healthcare businesses of all sorts and sizes, no matter how they operate within the healthcare industry.
Healthcare might be classified as a service industry, but it’s not an industry you can dive into without serious capital support. Equipment and qualified personnel are always needed, and neither tends to come cheaply.
Talk to Qualifi today if you’re ready to start or expand your healthcare business.
If you’re an American or Canadian medical professional, we can help make your business dreams a reality so you can create better health and lifestyle outcomes for your patients and customers.