We get calls from a lot of businesses in different medical specialties about leasing new or used ultrasound machines. The two biggest questions we get are how to qualify and what the costs will be, so let's go ahead and answer these two basic questions.
Are you considering a dental practice loan?
You'd rather perform a root canal on yourself than talk to 13 different companies to find the information you need.
Here's the problem:
(Almost) every website you go to will tell you why their dental financing product is great...
... but the truth is, there is no "best" product.
The best way to finance your dental practice is the one that is fits best with your situation.
Let's go over some ways to finance your practice...
Do you need to finance (or lease) X-ray Equipment?
Your first question may be...
"What are the payments?"
Here are some answers:
Do you need to purchase equipment for your medical practice?
I bet you're not planning to pay cash, right?
MRI machines, lasers, physical therapy equipment, -totally not cheap.
Most of the time, you'll end up financing or leasing your equipment.
There isn't a lot of information publicly available about medical equipment financing rates.
It is even more difficult to find the "real" cost online for something like medical equipment leasing... for example, what the rates would be with bad credit.
This article will attempt to help you get some real answers.
The good news- there are a lot of options available to finance medical equipment.
- Dealer Financing
- Bank or SBA Financing
- Medical Equipment Loans
- Medical Equipment leases
Let's go through all of these and talk about the costs of each one of these options.