Can my medical practice get a loan with bad credit?

Despite what the general public believes, being a medical practicioner doesn't mean a life without challenges, setbacks, and understandable ups and downs. Personal credit taking a hit during COVID, a rough divorce, poor tax advice, or a stalled expansion attempt are a few perfectly good reasons many medical professionals find themselves with less than perfect credit. The good news is, your medical practice can still get funded. QuicLoans cares more about your practice's health than your personal FICO score.

What matters more than credit scores for medical practices:

• Monthly deposits: Consistent revenue of $10K+ from patient visits and insurance payments shows a viable practice.
• Time in business: Just 3 months of operating history proves your practice is serving patients and generating revenue.
• Bank account activity: Regular deposits from Medicare, private insurance, and patient payments demonstrate stability.

Traditional banks typically require 680+ credit scores and might take weeks or months to decide. QuicLoans can approve medical practices with FICO scores as low as 450 within hours.

Our business loans won't show up on your personal credit report. Your practice is the borrower, keeping your personal credit clear for mortgages, car loans, or refinancing your home. The funding is based on your practice's performance, and that's where it stays.

If patients are walking through your door and insurance companies are paying (even slowly), your credit score doesn't have to stop you from getting the capital you need for your practice.