December 9, 2017. Small business loans depot has a variety of physician loans, including our unique asset, or equipment based funding program. This program allows physicians to use existing assets and existing assets, also know as an equipment refinance to get physician loans of $10,000 to $150,000 or more.
Other physician loans include our bank statement loan through which funding is obtained based simply on the physicians cash flow, with credit scores as low as 500 and lower.
I need a Medical Practice loan.
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What type of loans can physicians get?
Our physician loans allows your practice to use assets virtually all businesses have – their sales. The physician provides their most recent 3 months business checking account statements. After approval and return of documents, a starter line is set up and funds are wired directly into the customer’s business checking account.
Additional advantages include being able to provide financing with lower credit bureau scores. Scores of 700 to 725 as required by traditional institutions to even be seriously considered are NOT required.
Program advantages include:
Credit scores as low as 500 and lower on the Gross sales program.
One page online application in most cases
Fast turn around, easy process. Approvals in 24 to 48 hours and funding in 2-5 business days .
High approval rates
For more financial and healthcare financial information, go to Planet Money
Thank you for visiting our physician loans resources page.
Compare the 3 main large box program options consecutively, below: