Medical offices need capital for financial obligations just like any other business. If you are looking for options to get funding, here are some avenues to research:

Bank Working Capital Loans are one of the most prevalent for medical offices. Offices can get a loan between $50,000 and $5,000,000 for terms between one and thirty years at a rate of between 5% and 15%. Collateral is required.

Medical Lines of Credit can be a good alternative to a traditional bank loan. Offices can get funding between $10,000 and $5,000,000 for terms of one or two years at a rate between 7% and 15%. Collateral may be required.

Medical SBA Working Capital provides funding through the Small Business Association. Offices can get funding between $50,000 and $5,000,000 for terms between three and 25 years at a rate between 5% and 8%. Collateral is required.

Medical Asset-Based Working Capital draws on assets within the office to assist with getting funding. Offices can get funding between $50,000 and $500,000 for terms between one and five years at a rate between 7% and 25%. Collateral may not be required.

Medical Unsecured Lines of Credit requires a high credit score for approval. If approved, offices can get funding between $10,000 and $50,000 for terms between one and three years at 0% APR for 12 months. Collateral is not required.

Medical Factoring sells accounts receivable to get funding. Offices can get funding between $10,000 and $1,000,000 for a term between one and three months (30-90 days) at a rate between 1% and 3%. Collateral is required.

Medical ACH Cash Advances provide funding by selling future revenue. Offices can get funding between $10,000 and $50,000 for a term between three and eighteen months at a rate between 1.1 and 1.5. Collateral is not required.

Medical MCA Advances is also the sale of future revenue. Offices can get funding between $5,000 and $2,000,000 for a term between three and 24 months at a rate between 1.1 and 1.5. Collateral is not required.

Medical Office Real Estate Loans provide funding to purchase real estate. Offices can get funding between $100,000 and $10,000,000 for a term between one and 25 years at a rate between 5% and 12%. Collateral is required.

Whether you are hoping to expand your practice or simply need some working capital for your operating budget, these options may be just what you need to be successful.