Medical Funding works hard to provide affordable financing options for medical businesses regardless of credit issues. We do not have any credit requirements, and our funding is not based on credit at all. This means you can qualify for medical funding regardless of your business or personal credit.
Once you submit our application, it will be sent to one of our dedicated specialists. An underwriter then determines how much your business qualifies to receive. This is based on the last three months of financial records showing at least $10,000 in gross monthly revenue.
Once your business is approved, you will receive the money within two days. This money may be used for anything related to your medical business, including buying equipment and supplies or paying staff.
Medical Funding then takes a percentage of your future earnings. This payment plan will always stay in proportion to your cash flow. This means you will never be overburdened with repayment if revenue slows. You also have the option of refinancing the funding when it has been paid off 70%, getting up to 200% of our original funding amount.
We do not require credit checks or collateral, unlike traditional lenders. You will never risk your assets, and your business can qualify even if you have bad credit. The main requirement for funding is a profitable business. Our quick application process allows us to approve funding same-day with cash delivered within 1 to 2 business days.
The amount of your funding will depend on your monthly gross revenue. You may qualify for $1,000 to $500,000 in medical funding.
There are no credit requirements for our funding, so recent bankruptcies, outstanding debts and bad credit will not disqualify you. We do require that you have been in business for at least six months and have a minimum of $10,000 in gross monthly revenue that is documented.