Why profitable practices still run short
A busy practice sees patients every day, but the money for those visits arrives later and in uneven amounts. Claims get denied and resubmitted. A payer changes its processing schedule. A new billing system causes a month of delays. Meanwhile, hygienists, nurses, front-desk staff and the landlord all expect to be paid on time.
That gap between care delivered and reimbursement received is the most common reason practice owners look for fast funding.
Practices this works for
- Dental and orthodontic offices
- Primary care and specialty physician practices
- Physical therapy, chiropractic and rehab clinics
- Veterinary hospitals
- Med spas and optometry offices
The practices we serve typically bring in $60,000 or more a month and have an operating history to show for it.
Uses that come up often
Equipment
Imaging systems, dental chairs, lasers and exam room upgrades are a strong fit for equipment financing, where the equipment typically secures the financing.
Payroll and operating costs
Working capital covers staffing and overhead during reimbursement delays. See funding for payroll for more.
Recurring timing gaps
A business line of credit lets you draw as claims lag and repay as they clear.
Speed you can plan around
Practice owners searching for same day medical practice funding usually have a specific deadline in mind. Decisions through our partner Merchant Fund Express are fast, and qualified practices can be funded in as little as 24 hours. We do not promise same-day funding; anything faster depends on the file and the bank.
The application takes about 5 minutes and starts with a soft credit pull.
Personal credit and the practice are not the same thing
Student loans, practice acquisition costs and early buildout expenses can leave a skilled clinician with a personal score that does not reflect the practice they run. FICO scores from 500 are considered. The review centers on about three months of business bank statements, and no tax returns are required. Funding ranges from $25,000 to $5,000,000.
Eagle's credit repair work is a separate service. It is not required to apply, and funding does not affect your score.
Frequently asked questions
Can a medical practice get funded the same day?
We do not promise same-day funding. Qualified practices can be funded in as little as 24 hours, depending on the file and the bank.
Does funding depend on my insurance receivables?
The review focuses on about three months of business bank statements, which reflect the reimbursements you actually receive.
Can I finance dental or imaging equipment?
Yes. Equipment financing is a common fit for chairs, imaging systems and other clinical equipment.
I have significant student loan debt. Can I still apply?
Yes. FICO scores from 500 are considered, and the review weighs your practice's revenue heavily.
Are veterinary practices eligible to apply?
Yes. Veterinary hospitals and clinics with steady revenue can apply.
Can I use funding to open a second location?
Yes. Working capital can go toward buildout, staffing and startup costs for an additional office, as long as the existing practice shows steady revenue in its bank statements.