You might choose between the following loan programs:
Get the funds you need for new medical equipment or working capital. We provide Small Business Loans that can help your healthcare company.
Businesses in the healthcare and social services industries rely on payments from insurance agencies for their revenue. This can mean a delay when receiving payments. A small business loan from Gloven Capital can keep you going.
We specialize in loan programs that include low-interest rates starting in single digits, attractive terms, and amounts from $20,000 to $5,000,000.
Find out more about the loan options we have for you.
Start a free application today! Or talk to one of our specialists about the loan options we have for you. Call us at 1-305-890-9000
Businesses in the healthcare and social services industries rely on payments from insurance agencies for their revenue. This can mean a delay when receiving payments. A small business loan from Gloven Capital can keep you going.
We understand that as a healthcare professional, extra capital is needed to keep the office running. We want to be your #1 solution when you need a healthcare business loan.
Our healthcare loans are for the following medical practices for medical office financing:
Providing top-notch patient-centered care remains the primary focus of many healthcare practices, but the financial landscape for health practitioners has changed significantly over the last decade.
In the past, many traditional financing institutions, such as banks, readily offered credit to healthcare professionals without hesitation. However, the issue now is that the amount of funding banks have set aside for small businesses has steadily decreased. Along with this reduction, the decision-making criteria have become stricter, with newly added restrictions. On top of that, the timeframe from application to approval remains lengthy, creating additional barriers for healthcare providers in need of quick financing.
Perks of financing with a conventional bank include longer repayment terms of up to 10 years and fixed interest rates, which can make monthly payments more predictable. However, the application process is lengthy, requiring extensive paperwork, and most traditional lenders tend to reject loans for healthcare professionals due to stricter criteria.
On the other hand, applying for healthcare business loans from an alternative lending source is much quicker. The process usually takes only a few minutes and requires just a few pieces of documentation, making it a more accessible and streamlined option for healthcare providers needing fast funding.
We will let you know within minutes if your business qualifies for our different lending programs and just within days, your business can receive its much-needed working capital.
It’s no secret that the cash flow of healthcare practices—whether medical, dental, or veterinary—can be unpredictable and inconsistent. It often takes weeks or even months for patients or insurers to submit payment, and this delay is beyond your control. The period between patient treatment and receipt of payment is known as your business cycle, and the longer this cycle lasts, the harder it becomes to manage your cash.
With limited cash flow, can your business operate efficiently and handle unexpected emergencies, like equipment failure or urgent repairs? The longer the gap between treatment and payment, the more challenging it becomes to maintain smooth operations and ensure you’re ready for any unforeseen expenses.
Each healthcare practice is unique, which makes it crucial to select the right loan type and the right lender to avoid borrowing in a way that doesn’t align with your goals. Unfortunately, many healthcare professionals in private practice are unaware of the various small business loan options available or which ones are best suited for their specific needs.
At Gloven Capital, our lending professionals are experts in healthcare practice financing. We will work alongside you to assess your needs and determine which loan product is the best fit to fund your practice’s growth and goals.
You might choose between the following loan programs:
Your business will also have the benefit of unrestricted capital use. Your funds can be used for anything from payroll to marketing to inventory etc.
Those outside the healthcare industry might not realize that healthcare businesses experience their own busy and slow times of the year. After all, everyone needs care all year round, right?
In reality, certain healthcare professionals, such as dentists and doctors, see patient influxes during particular times of the year. For example, many dental and medical offices experience a rush in August due to the back-to-school season. Parents are eager to get their children seen before school starts, and it can feel chaotic as everyone tries to get back on track after summer vacation.
Unfortunately, this rush can place a strain on your practice. You might need to hire temporary staff, update equipment, or stock up on supplies to meet the increased demand.
This makes August and September the perfect time to start your small business loan search. A business loan can provide you with the necessary working capital to:
In addition, anytime you’re looking to grow your business is a great time to seek the right loan and lender. Growth equals success, but it rarely happens without investment.
In conclusion, running a medical practice has never been so challenging. While your focus is on delivering high-quality care, you’re also dealing with slower insurance reimbursements, mandatory equipment and technology upgrades, and increased regulation. You deserve a lender who understands these challenges and can provide financing that’s specifically tailored to meet your needs.
At Gloven Capital, our financing programs are designed to accommodate the unique demands of your practice. We offer flexible loan programs that prioritize speed and convenience to make your lending experience as smooth and efficient as possible.
We’re here to help. Send us an email or call our experts at 1-305-890-9000
Gloven Capital offers business owners alternative working capital solutions through our various funding programs for business loans.
