How soon can my new medical practice qualify for funding?
Just opened your practice? Traditional banks might want 2+ years of tax returns, but QuicLoans understands that new medical practices need capital most in those critical early months.
What new medical practices need to qualify:
- 3 months minimum: Just 90 days of operating history showing consistent deposits.
- $10K monthly revenue: Doesn't matter if it's all cash-pay patients or a mix with insurance - consistent deposits are key.
- Business bank account: 4 months of statements showing regular healthcare-related deposits.
- 450+ credit score: Lower than any bank would consider, because your practice's performance matters more to us than your personal history.
New practices often need funding for the exact things banks won't finance: marketing to build patient base, working capital during insurance credentialing, equipment the landlord didn't include, or bridging the gap until Medicare payments start flowing.
QuicLoans loves facilitating growth. We know new medical practices start small and scale up. We'll be here to help you in the early phases and continue servicing your capital needs once you're past them.
Don't wait for perfect financials. We aren't. If your practice has been seeing patients for 3 months and needs capital to grow, you likely already qualify. Most practices get approved and funded within 24 hours.
Looking for more medical funding information? Explore all medical business loans →