How soon can my new medical practice qualify for funding?

Quick Answer: New medical practices can qualify for a quick business loan after just 3 months in operation with $10K+ in monthly revenue deposits.

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.

Related Questions

Our Simple Process

Takes minutes. Minimal documentation needed. It should’ve always been this easy.

  • Takes 5 Minutes
  • No Application Fees
  • No Obligation
  • No Sales Pressure
1

Apply Online

Tell us the basics, we’ll take care of the rest.

Required: Online application, last 4 months of business bank statements

Time: ~5 minutes

2

Review Offers

You’re in control. Choose what works best for you.

Required: Just review and decide

Time: 2 - 12 hours

3

Receive Funds

Get funded and get back to business... fast.

Required: Signed docs, and typically just a driver’s license and a voided check

Time: 3 - 72 hours

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These Healthcare Providers Got a Business Loan from QuicLoans

Here’s what quick funding looks like when it’s done right. This is how it’s supposed to work.

Family Medical Clinic
Funded in 5 hours
  • Amount: $250,000
  • Term: 24 months
  • Revenue: $1,750,000/yr.
  • Time in Business: 9 years
  • Owner Credit: B
  • Use Of Funds: Bridge insurance gaps
Dental Practice
Funded in 18 hours
  • Amount: $75,000
  • Term: 12 months
  • Revenue: $650,000/yr.
  • Time in Business: 3 years
  • Owner Credit: C+
  • Use Of Funds: Compliance-required upgrades
Physical Therapy Center
Funded in 11 hours
  • Amount: $25,000
  • Term: 8 months
  • Revenue: $450,000/yr.
  • Time in Business: 2 years
  • Owner Credit: C-
  • Use Of Funds: Cover payroll

Business Loans Built for the Medical World

Simple terms. Fast funding. An easy process built for practices that need capital fast.

Get a Working Capital Loan

3 to 36 Month Terms · Rates of 1-3%/mo · Quick Approval, Funded in 1-2 Business Days · No Prepayment Penalty

Funds deposited directly into your business checking account via ACH or wire. Loan amounts ranging from $10,000 to $2,000,000.

Minimums: 450+ credit · 3+ months in business · $10K/month revenue · No Startups

Get Working Capital Now
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All loans and terms subject to approval.

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