How SBA Loans Can Work for Medical Equipment Purchases
Medical equipment is one of the most significant investments for healthcare providers. Fortunately, Small Business Administration (SBA) loans offer an affordable financing solution for acquiring the equipment needed to provide quality patient care. Here’s how SBA loans can help medical professionals finance equipment purchases. What Is an SBA Loan? SBA loans are government-backed loans designed […]
Medical Equipment Leasing vs. Buying: Which Option Is Best for Your Practice?
Investing in medical equipment is a significant financial decision for any healthcare practice. Whether you’re changing technology, upgrading outdated machines, or starting a new practice, deciding whether to lease or buy medical equipment can impact your practice’s cash flow, tax benefits, and long-term financial stability. The Case for Leasing Medical Equipment Leasing allows healthcare providers […]
Getting Up to Speed on the Ins and Outs of Physician Practice Loans
Starting or expanding a medical practice requires significant financial investment, and physician practice loans are a crucial tool for healthcare professionals looking to secure funding. Whether you are starting off purchasing an existing practice, establishing a new one, or investing in equipment and real estate, understanding how these loans work can help you make informed […]
Managing Debt to Ensure the Success of Your Medical Practice
Managing a successful medical practice often involves taking on debt, whether to finance the purchase of the practice, upgrade equipment, or expand services. While debt is a common tool for growth, managing it effectively is important for maintaining financial health and ensuring long-term success. Here are key strategies to manage debt and keep your practice […]
Happy New Year 2025 from ProMed!
Cheers to new beginnings and endless possibilities! May this New Year bring joy, health, and prosperity to you and your loved ones. Here’s to making 2024 the best year yet! 🥂✨ – With warm wishes, ProMed Financial Inc.
Optometry Practice Available in Orange County!
View this post on Instagram A post shared by Financing & Practice Sales (@promedfinancial) Looking to invest in a thriving optometry practice? This Orange County opportunity offers a solid foundation with an asking price of $275,000 and gross revenue of $361,195. Whether you’re an experienced optometrist ready to expand or an entrepreneur seeking a rewarding […]
Financial Planning and Budgeting When Buying a Medical Practice
Purchasing a medical practice is a significant investment that benefits from meticulous financial planning and budgeting. From securing financing to estimating operational costs, having a clear plan ensures your purchase is a smart, sustainable business decision. Assess the Purchase Price and Related Costs The first step in financial planning is understanding the total cost of […]
Your Med Spa Financing Checklist
Opening a med spa is an exciting opportunity, but securing the right financing is important in order to help ensure your success. Whether you’re starting from scratch or buying an existing med spa, having a clear financing plan is essential. Use this comprehensive checklist to guide you through the process, including how SBA loans can […]
Can You Get an SBA Loan for a Dental Practice?
An SBA loan is attainable for a dental practice. In addition, many dentists use SBA loans to start, buy, or expand their practices. The U.S. Small Business Administration (SBA) provides various loan programs designed to help small businesses, including healthcare practices, gain access to the funding they need. Dental practices can benefit from SBA loans […]
Three Advantages of an SBA Loan
For a number of small business owners, including those in healthcare sectors such as dentists, med spas, and urgent care centers, obtaining financing is one of the biggest challenges when starting or expanding a practice. The U.S. Small Business Administration (SBA) offers a variety of loan programs specifically designed to make financing more accessible to […]