3 Advantages For Medical Equipment Loans

Medical Equipment Financing
Reading Time: 2 minutes

The medical field is always growing. As the population of the United States goes up and Baby Boomers age, there’s a larger need for qualified medical professionals than ever before. Doctors, unite!

What can medical equipment loans do for you? To put a fine point on it, medical equipment loans will set you up with the X-ray machine you need to diagnose your patients, or  the centrifuge you need to spin Kobe Bryant’s blood in. Medical equipment loans simplify things.

As I see it, there are three primary advantages to break down beyond that. Before we get to those, let’s quickly run down a few types of medical equipment so we know where we stand here.

Types of Medical Equiment

  • X-ray machines
  • Medical exam tables
  • Ventilators
  • Medical lasers
  • Infusion pumps
  • And a lot more

The Three Advantages of Loans

  1. You’ll get your equipment faster. Unless your practice has the cash on hand to buy equipment outright—and if it does, kudos to you!—you’ll be able to get access to equipment loans and lease your equipment much more quickly than you would going for a bank loan or scouring the couch cushions for cash.
  2. You can work with a vendor to get financing through a third party like Direct Capital. In that case, you’ll have financing tailored to your business needs and through a company that understands what it takes to lease equipment to a doctor like yourself. That knowledge can save you time and money in the long run, and hopefully ensure you get a better deal.
  3. Do you really want to have to pay a ton up-front to get necessary equipment? The regular payments will ensure you pay it off relatively quickly, but it won’t drain your practice’s bank accounts right off the bat and will give you time to put the new laser to work and get your money’s worth.

So here’s what’s up, doc: get some financing flowing and get the equipment you need to get started. Are you considering it?

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