Dentists, Physicians and Other Medical Professionals Business Funding
As a professional in the healthcare field, your business needs require considerable expenses. Finding the right office space represents just one issue. Even if you take over an existing practice, you may want to remodel the premises to your specifications.
You run the risk of consistent cash flow problems as you wait for insurance companies to pay you for your services. Of course, you may also encounter issues with patients, who have high deductibles or no insurance coverage at all.
Some healthcare providers insist on payment in advance for insurance deductibles or other expenses. If that’s how you run your business, you increase your chances for additional funding opportunities.
Your practice’s acceptance of credit card payments makes you eligible for a merchant cash advance. You may find this as a viable means of addressing day to day challenges and necessary expenditures.
Many consider medical practice loans as only a means of keeping up with payroll. In fact, the concept of receiving advances on future business receipts works well. It allows you to expand both your support staff and your compliment of professional employees as well.
Meanwhile, you may wonder about the advantages of merchant cash advances for dentists, physicians, and other medical professionals. Simply said, they represent an easier means of meeting costs with fast funding.
It’s not just that the application process brings you quick answers and fast money. The fact remains that your concerns about structured monthly loan payments become a non-issue.
The bottom line focuses on your daily receipts. You repay your advance based on a percentage of the money reflected in your credit card charges.