Merchants Business Credit offers funding programs specifically tailored to healthcare professionals. Unlike conventional programs that have onerous and time-consuming guidelines, these programs have ‘express' underwriting approvals – with time-frames that are usually measured in hours not days.

Credit scoring systems are also done away with – replaced by a more ‘common sense' approach. Even practices with ‘bruised' credit histories – such as past bankruptcies or paid tax liens – can apply and may obtain the financing they need. Proceeds may be used to finance start-ups, expand current operations, pay staff, pay taxes, or to replace funding obtained through high-interest credit cards.

Below are some of the funding programs offered to healthcare providers:

• Working Capital – a one-page application to provide up to $150,000 for working capital.  This is a 100% unsecured loan (not asset-based) with maturities between 48 to 84 months.
  
  

• Debt Consolidation – provides up to $300,000 to consolidate outstanding debt and reduce monthly payments by up to 50%.
  
  

• Equipment Loan/Lease – financing for new or used equipment. Amounts can range between $10,000 and $1,000,000, and have maturities between 36 months and 240 months.
  
  

• Expansion/Improvements – up to $500,000 in financing for remodeling or expanding a practice. Rates are fixed for up to 15 years and working capital can be included as part of the financing amount.
  
  

• Practice Acquisition – up to $3,000,000 in financing to acquire a medical practice. Rates are fixed for up to 15 years and working capital can be included as part of the financing amount.