types of loans / Industry-Specific Loans /
Kabbage Funding™ Loans for Doctors and Medical Professionals
Getting reimbursed for your medical appointments is hard enough. Try a Kabbage Funding loan, with easy, ongoing access to working capital.
Working capital is the best medicine.
Because of declining reimbursement margins and an increase in hospital buyouts, many physicians have been unable to serve their communities and have had to shutter their doors.
How can I get working capital for my medical business?
Increasingly, doctors, dentists, chiropractors and other medical professionals are turning to small business loans to provide a boost in their growth. In fact, government loans to physicians have increased more than 10-fold since 2000.
How can I use a loan for doctors and medical professionals?
With working capital on hand, you can have the financial flexibility to cover your day-to-day expenses as well as take advantage of new business opportunities by:
- Expanding your practice
- Upgrading your equipment and software
- Covering gaps in cash flow due to slow insurance reimbursement
What do I need to do to get a loan for doctors and medical professionals?
Most lenders will ask for a personal guarantee for a small practice loan, increasing your risk. They typically require extensive credit and financial documentation, and their approval processes are lengthy. Even if you are approved, it can take days to get the business loan you need – and your opportunity could be gone by then.
At Kabbage Funding, we want to help you cut through the red tape to get the working capital you need to fund your business. Our loans for doctors and medical professionals are available through a fast, simple application that's fully automated. Provide basic data, and we'll review your business performance to give you the funding you need – up to $250,000.
See how Kabbage Funding small business loans have helped doctors and medical professionals get the working capital their business needs in testimonials such as the one below.
Saving Chicago CPR
"I didn't want to borrow from family to open my business's third location. With Kabbage Funding's small business loans, I was able to purchase training equipment and build out new office space with no strings attached."