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

We're More Than Just Speed

These advantages make a QuicLoans loan the smart choice. When funding works for you, it’s just common sense.

  • Quick Funding

    Fast isn’t a feature, it’s the foundation. Our quick business loans deliver funds in as little as 3 hours, without the usual friction.

    You get working capital exactly when you need it.

    Learn more →
  • Unsecured

    No collateral required. We approve based on business strength, not what you’re willing to risk.

    Your property, equipment, and assets stay separate.

    Learn more →
  • Tax Deductible

    Interest on business loans is almost always tax deductible, which means your cost of capital could be lower than you think.

    You retain capital and reduce the true cost of borrowing.

    Learn more →
  • No Personal Credit Impact

    We don’t report to personal credit. Your business is the borrower, the way it should be.

    Your credit report stays unaffected for mortgages, refis, auto loans, and more.

    Learn more →
82%

of small businesses fail due to lack of cashflow, not lack of demand.

— 2024 U.S. Bank study

America's Medical Funding Powerhouse

16
Years

In Business

$100M+
Funded

To SMB's

10k+
Businesses

Funded across the U.S.

Your Practice’s Next Move Starts Here

You’re ready to solve your problem. We’re ready to fund you.

Start My Application