Can my medical practice get funding with existing debt?
Quick Answer: Yes, medical practices with existing loans or merchant cash advances can often qualify for additional funding or refinancing based on current revenue.
Already have a business loan or merchant cash advance? Many medical practices do. You can likely still add to or replace your existing funding with better terms.
Options for medical practices with existing debt:
- Add on: Add a second loan if your cash flow supports both payments. Common when you need emergency funds but can't wait to pay off current financing.
- Refinancing: Replace expensive daily-payment MCAs with a single, more manageable weekly or monthly payment loan.
- Consolidation: Combine multiple funding sources into one payment, often reducing your total daily/weekly/monthly obligation.
The key factor isn't whether you have debt. It's whether your practice generates revenue. QuicLoans looks at your revenues to determine how best to give you the capital and payment relief you need.
If your medical practice is bringing in $10K+ monthly, you likely have options. Many practices use QuicLoans to handle emergencies: broken equipment, unexpected tax bills, or expansion opportunities that can't wait.
Looking for more medical funding information? Explore all medical business loans →