What Is the Limit on Physician Loans? A Clear
When you’re a physician or a medical practice owner, ...
September 11, 2025
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support@nationalmedicalfunding.com
Every great doctor, dentist, or clinic owner knows that top-tier patient care depends on having top-tier technology. That new MRI, the latest diagnostic machine, or a full suite of digital dental tools—it’s all essential for modern medicine. But when you see the cost, a huge question pops up: “How can I afford this without draining my practice’s savings?”
This is the exact moment many professionals pause, letting financial worry stop their growth.
Stop stressing! Getting the funds you need (what we call healthcare finance solutions) should be a clear, simple process, not a confusing one. This guide is built just for you. We will break down every single eligibility requirement into simple, easy-to-understand steps. We will show you exactly how to qualify for quick funding so you can get back to focusing on your patients.
Ready to find out if you’re eligible? Let’s dive in.
When we talk about equipment financing, many people only think of the big, expensive pieces. But the truth is, a good financing package should cover everything you need to make that new machine work and start making money. Knowing what you can pay for is the first step to checking if you qualify.
Our financing is very flexible! It pays for much more than you might think. You don’t have to use your own cash for any of these costs, which keeps your bank account full for daily expenses like payroll and supplies.
You might think you need separate loans for everything, but you don’t! Our financing bundles it all together into one simple plan.
Category | Simple Examples | Extra Costs Included (The “Little Things”) |
New or Used Machines | Ultrasound, Hospital Beds, CT Scanners, Lab Analyzers, Surgical Lasers, Dialysis Machines. | Delivery Fees, Setup Costs, Training for your staff, Extended Warranties, Insurance during transit. |
Clinic Upgrades | New computer software (EHR/EMR), specialized wiring, making space for new equipment, plumbing, and ventilation. | Software Installation, setup help, Consulting fees for system integration. |
Running Money | Money to hire new staff right away, pay marketing costs for a new service, or cover unexpected bills for up to 90 days. | Staff training costs, Certification fees. |
Many medical professionals think applying for a loan is a long, complicated process. It is not! We have two simple paths designed for speed, and your eligibility depends mainly on the amount of money you need.
If your equipment costs less than $250,000, your eligibility is reviewed through a super-fast, simplified process.
When you need big money for big projects, we need to look closer to ensure we offer you the best rates and safe payments.
Even if you are a brand-new practice, you are eligible! Lenders know that medical professionals have high earning potential.
Lenders are not trying to find problems; they are simply looking for stability and security. These three factors are what we focus on when approving your application.
This is the most important part—your ability to make the monthly payments from the money your practice earns.
Your credit score is a number that shows how well you have managed past debt.
This is the big advantage of equipment financing.
No Personal Assets Needed: This means we usually don’t need you to put up your house, car, or other personal assets as collateral.
You have a choice in how you get the money—this choice affects your payment, taxes, and ownership.
A term loan means we give you cash, and you agree to pay it back over a fixed time.
Leasing is more like renting with an option to buy later, great for technology that changes fast.
Knowing who to ask for money is important. Choose a partner who understands the unique way medical practices make money.
The best way to know if a partner is right for you is to hear from other healthcare professionals who have successfully funded their growth with National Medical Funding:
“National Medical Funding has been a game-changer for my practice. Their financing solutions have allowed us to focus on providing quality care without the stress of managing cash flow. Highly recommended!”
— PAUL SMITH, MANHATTAN
“The team at National Medical Funding was with us every step of the way. Their personalized approach and quick approval process made securing funds for our clinic expansion easy and stress-free.”
— JANE CROFT, BOSTON
“Working with National Medical Funding was seamless. The service was efficient, and the funding allowed us to take on more patients and grow our practice without any financial hurdles.”
— MICHELLE ECCLESTONE, CHICAGO
“National Medical Funding made the financing process so easy and stress-free. Their team worked quickly to get me the funds I needed for my practice. I couldn’t be more pleased with the level of service and support they provided!”
— JENNA SPIELBERG, NEW YORK
Eligibility isn’t just about getting the money; it’s about managing it wisely. You should know exactly what your monthly payment will be before you submit an application.
Using a loans calculator is the single most important step you can take right now to plan your budget perfectly.
How the Calculator Works (It’s Easy):
Q1. Can I apply even if my practice is new?
Yes, we evaluate your business plan and professional experience, not just years in operation.
Q2. What’s the typical repayment period?
Term loans can stretch up to 10 years, while leases are often shorter and more flexible (3 to 7 years).
Q3. How soon will I get funds after approval?
Some smaller loans disburse within hours; larger ones may take a few business days.
Q4. Can I finance multiple pieces of equipment at once?
Absolutely, you can bundle equipment purchases and combine them with working capital.
Q5. Will I need to make a down payment?
No, many of our financing plans cover 100% of the cost.
Q6. Do I need my house or other personal assets as collateral?
No, the equipment itself usually acts as the primary collateral.
Q7. Is my credit score the most important factor for eligibility?
No, we look at your practice’s cash flow stability and the equipment value as well.
Q8. What happens at the end of a lease agreement?
You can buy the equipment for a small fee, buy it at market price, or return it.
Q9. Can I pay off the loan early?
Yes, but you should always review the agreement for any prepayment fees.
Q10. What kind of equipment is considered ‘soft cost’ financing?
This includes delivery and installation fees, software licensing, and staff training costs.
You are now fully equipped with the knowledge to confidently answer, “Am I eligible?” The answer, for nearly every ambitious medical professional, is a confident YES.
The time for financial worry is over; the time for action is now.
Don’t let older equipment limit the care you provide. The sooner you get that new machine, the sooner you help more patients and earn more revenue. Your practice’s future starts today.
Would you like me to provide a link to the loans calculator so you can quickly determine your ideal monthly payment?
When you’re a physician or a medical practice owner, ...
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