Medical Equipment Financing Provides Working Capital For Doctors
Doctors, dentists, chiropractors, optometrists and veterinarians can use their free and clear medical equipment as collateral to get a working capital loan regardless of credit. Working capital loans range from $25,000 up to $250,000.
Even as the economy starts to slowly rebound, traditional business lending continues to be tight. The requirements to qualify for a traditional bank loan are still rigid. Doctors must have excellent credit without any blemishes and be able to provide a comprehensive business plan on how the funds will be used to benefit the medical practice. Because of this strict traditional lending structure, the process could take up to three months which is too long for the needs of most doctors.
However, there is a solution. VMI LLC, a California based company provides a program in which doctors can use their free and clear medical equipment as collateral to secure a working capital loan regardless of credit. This is an application only program which means that the only requirement is a completed application with medical equipment list.
Medical equipment refinancing is an overlooked opportunity to get working capital fast. These loans range from $25,000 up to $250,000. The underwriting process is simple and funding is fast. To apply for a working capital loan using medical equipment as collateral, call 1-888-838-1945.
These working capital loans can be used for payroll, past due invoices, hiring of new personnel or simply having cash on hand for emergencies.
The types of equipment that are considered are x-ray equipment, ultra sound equipment, imaging equipment, diagnostic equipment, monitoring equipment, therapeutic lasers, operative equipment, dental equipment, dermatology equipment, optometry equipment and chiropractic equipment.
Using medical equipment as collateral to get a working capital loan allows doctors to:
1. Unlock equity - A collateral loan allows a doctor to pull out the equity in the equipment and use it as working capital; and
2. Increase cash flow - Refinancing medical equipment allows a doctor to increase cash flow by preserving cash on hand
Under the application only program, allowing doctors to use their free and clear medical equipment as collateral to obtain working capital is an excellent alternative to a traditional bank loan.
To find out more on medical equipment refinancing, call 1-888-838-1945.
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- Contact Information
- Skylar Marshall
- Communications Specialist
- VMI LLC
- Contact via E-mail
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