Traditional Medical Financing Companies vs National Business Capital

Last Updated on January 28, 2016

To continuously provide superior healthcare, medical practitioners require updated and upgraded diagnostic equipment as well as those machines utilized during treatment. Given variables such as insurance claims and overall business operations, many physicians and hospitals do not have sufficient working capital to direct towards making these important upgrades. When Doctors and other medical specialists, health care facility directors, hospitals and medical organizations require financing, they generally turn to their banks or other traditional medical financing companies for financial support.

What they find most often, are guidelines that are strict and a timeline that is not expedient. To begin, there will be significant documentation and paperwork to complete an application. Once submitted and can be weeks and sometimes months before a loan decision is reached. Funds from traditional medical financing companies may come with additional caveats including from which vendors equipment must be purchased or leased. As might be expected, only a spotless FICO will be considered.

The National Business Capital Financing Difference

Some or all of these requirements could disqualify a worthy applicant for financing. This is when an alternative finance company should be consulted. National Business Capital is a leading alternative financing source with an over 90% approval rate. In fact, over 70% of our clients had their applications rejected by their banks before coming to us. One of many aspects that differentiate our company within our own industry is our consideration for each and every one of our clients.

From the beginning, our Business Consultants will listen to your needs. Next they will strive to assist you to structure a financial solution that will meet your financing requirements and timeline. There are many aspects in determining which financing is best for your needs. Together we can explore the life expectancy of the equipment, tax benefits, if any, cash flow and even consider how best to position your practice for the next round of upgrades.

Another concern that can be dismissed is the principal borrower’s FICO. If that individual’s credit has been tarnished, or if there is an open tax lien, these do not necessarily disqualify an application. National Business Capital will look at the big picture and not base its financing decision on a credit score alone. Instead, we use reasonable underwriting criteria and some other financing practices that banks and medical financing companies simply cannot match.

The differences begin with the application. Ours takes about two minutes to fill out and submit, with a minimum of documentation. Next, you can expect to receive our financing decision within 24 hours or less. Now comes the biggest difference between traditional financing sources and National Business Capital. Your financing proceeds will be made available to you in days. Not weeks or even longer as the bank financing process routinely takes.

If all this sounds too good to be true, it is not. We have successfully helped business owners obtain hundreds of millions of dollars in financing. We have helped businesses of every size and type of company, in nearly every industry across the nation. Our goal is to assist your enterprise to succeed and to continue to provide the financing options and support it requires to continue to thrive. We recognize that your need to serve your community cannot wait. Call us for a consultation today at (888) 888-9124.

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!


About the Author, Megan Capobianco

Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.