Conventional working capital financing is still available in today’s financial markets for medical professionals. In this article, we are going to address a working capital program that is available up to $75,000.
In today’s market, many lenders have either run out of money to lend or must liquidate their off lease inventories to generate working capital. Addtionally, some lenders are no longer in business due to these difficult economic times.
The following requirements are listed below for the medical professional looking for needed working capital from $15,000 to $75,000.
Minimum Credit must be 675 or higher
Must have minimum 3+plus years in business
All applicants must submit a list with details the use of funds
Required Summary page of your last three months business bank statments
Personal guarantees are required,
Two advance payments are required..
This working capital program is from $15,000 to $75,000. Additionally, the length of the financing would be between 36-60 months……
Additionally, the lender can change the requirements without notice as well as see this economy changing.
This program would apply to following types of healthcare professionals:
Cardiologists, Radiologists, Dentists, Urologists, Veternarians, Surgeons, Physical Therapists, Neurosurgeons, OB/Gyns, Oncologists, Physical Therpists, Plastic Surgeons, Oral Surgeons, Proctologists, Oral Surgeons, Family Practioneers, All MD’s, Cardiovascular Surgeons, Orthopedic Surgeons, Psychiatrists, Periodontists, General Practioneers, Determatologists, Anesthesiologists, Board Certified Interns, etc
In conclusion, medical professionals have a current opportunity to obtain working capital. This opportunity isn’t ready available in many other different industries. Obviously, check out all the details of the financing program and ascertain it meets your current and future objectives.
Additionally, there are also application only programs for medical equipment up to $125,000. This is available to qualified medical professionals that are either starting up and/or looking for expansion of their medical equipment.
Happy hunting for your medical working capital financing…..
About the author:
J.M Luna has over thirty years in the financial field. This includes accounting and taxes, leasing, hard asset money and commercial lending...
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