Loans for Physicians

With such high prices for medical equipment, supplies, and real estate many physicians are looking into their financing options. Physician loans offer these physicians an affordable way to get the working capital needed to make these big purchases are run their businesses efficiently, providing the best possible services to their patients.

Many physicians have less-than-perfect credit, and the mass amounts of student loans they have put a dark shadow on their credit rating. Regardless of this lenders will review and make sure your medical business is safe to offer a physician loan, getting you the money needed to meet your current financial needs.

What is a physician’s loan?

A physician’s loan is a loan provided by banks and other lending institutions to physicians for updates, big purchases, and working capital. Those physicians with high cash flow within their medical business will most likely be eligible for an unsecured physician loan. Other physicians may be eligible for secure physician loans where they put up personal or business assets to secure the loan. Assets commonly used include; real estate, receivable invoices, equipment, and supplies.

Common uses for physician loans

  • Real estate
  • Equipment
  • Supplies
  • Updates
  • Renovations
  • Expansions
  • New Construction
  • Working capital for the medical business

Terms and conditions of physician loans

Each physician loan has its own terms and conditions, these vary with each individual lender and borrower. Interest rates vary, starting around 2.5% and rising. For those physicians who put up collateral on their physician loan, if they fail to meet the repayment obligations the collateral can be seized and sold to cover the cost of the loan.

How to get a physicians loan
  1. Find a lender that offers physicians loans
  2. Make sure your medical business meets the lenders’ requirements
  3. Submit an application
  4. Negotiate the terms and conditions of the loan
  5. Sign the contract and set up a repayment schedule
Kayleen M
Kayleen M
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American Business Credit exceeded my expectations! They were so helpful from the very beginning of the process to the end. Everyone I came into contact with were very professional and had valuable incite to help me with any hesitations and questions that I had. I am very impressed with the service they provided. Craig Johnson was my main advisor through this process and I would high recommend him based on his expertise, guidance, and service he provided to me as a client. Any financial needs I have in the future I will be a returning customer of American Business Credit. Thank you Craig for all your hard work.
Derek J
Derek J
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American Business Credit was extremely knowledgeable, professional, and helpful from start to finish. My loan processor Craig was extremely helpful, answering all of my questions as they arose. They delivered the exact results promised during our first call in a timely manner. Highly recommend.
Eduard A
Eduard A
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I am so glad I found ABC, every company or lender I talked to told me we needed to have revenue on our business to get a loan, well we are a start up, and need the loan to get started generating revenue. ABC was able to get us funded at great rates in a short amount of time. I definitely plan on using them again as our business grows!
Erik R
Erik R
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Amazing! Kina Jackson was sooooo helpful and made the process a breeze! We weren't sure what we could get as a start-up and needed a ton of equipment to get our business going. Kina dug deep and found us what we needed to fund our equipment needs and we can't thank her enough! Thanks again Kina and American Business Credit! Stop by the store next time you're in Vegas! - Erik Rogers, Veg-In-Out Market
Cassandra M
Cassandra M
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Kina was amazing to work with. As a new business owner and limited credit history, she really went to bat to ensure my business plan was heard by the lenders, so they felt confident in investing with me. Highly recommend!!

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