Medical equipment financing covers the machines a practice cannot work without — imaging, diagnostic units, chairs, lab and sterilisation equipment — with the asset itself securing the deal. That security is why it prices below unsecured funding and why terms can run as long as the equipment usefully earns.
What qualifies
Almost anything with a serial number and a working life: imaging and ultrasound, exam and treatment chairs, lab analysers, sterilisation, patient-monitoring and practice-management hardware. New or used, from a dealer or a private sale, and commonly up to 100% of the equipment cost with delivery and installation included where it makes sense.
Finance or pay cash?
The equipment earns from the day it is installed. Financing lets it pay for itself out of the revenue it produces while the practice's cash stays free for payroll and supplies — the costs that cannot be financed. Paying cash makes sense when the purchase is small against reserves, or when the item produces no revenue at all.
A useful test: if the machine will bill more per month than its payment, the financing question mostly answers itself.
Matching the term to the asset
A term longer than the equipment's working life is how a cheap monthly payment becomes an expensive deal — paying for a unit two years after it stopped earning. Ask for the total repayment in dollars and check the term against how long the equipment realistically earns. Our guide to choosing an equipment financing company covers the rest of the questions worth asking.
When speed matters more than price
A failed compressor or a down imaging unit costs appointments every day. Where equipment finance takes about a week, revenue-based working capital can land in one to two days — more expensive, but sometimes the cost of the wait is the larger number. The honest comparison is always both numbers side by side.
Read next: Equipment financing · Dental practice funding · Medical practice funding
Checking what you qualify for takes about 60 seconds, uses a soft credit pull only, and costs nothing. Start an application or request a callback if you would rather talk it through.