Business Loans for
Healthcare Businesses Healthcare Facilities Medical Practices Pharmaceutical Companies Biotechnology Companies Medical Device Manufacturers Healthcare IT Digital Health Companies
Empower Your Business with the Right Financing
Discover tailored financing solutions designed to fuel the growth and success of your healthcare business. From term loans for long-term investments to working capital loans for flexible funding of daily operations.
Understanding the Difference
Term Loans vs Working Capital Loans
Knowing the fundamental differences between term loans and working capital loans is crucial in choosing the right financing option.
Term Loan
Working Capital
Long-term investments
Short-term operational expenses
From a few years to several decades
From a few months to a couple of years
Lower due to longer-term and collateral-backed nature
Higher due to shorter-term and often unsecured nature
Require collateral, especially for larger loan amounts
Unsecured, though terms can improve with collateral
Expansion, large equipment purchases, real estate
Inventory, payroll, daily operational costs
Typically larger amounts
Typically smaller amounts
Longer approval process
Faster approval process
Less flexible repayment options
More flexible repayment options
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Term Loans
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Working Capital Loans
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Purpose
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Long-term investments
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Short-term operational expenses
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Repayment Period
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Few years to several decades
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few months to couple years
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Interest Rates
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Lower due to longer-terms and collateral-backed nature
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Higher due shorter-terms and unsecured nature
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Collaterals
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Lower due to longer-terms and collateral-backed nature
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Higher due shorter-terms and unsecured nature
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Use Cases
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Expansion, large equipment purchases, real estate
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Inventory, payroll, daily operational costs
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Loan Amount
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Typically larger amounts
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Typically smaller amounts
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Approval Time
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Longer approval process
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Faster approval process
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Unlocking the Power of Term Loans
What is a Term Loan?
A term loan is a lump sum of money borrowed from a lender, repaid over a set period with fixed or variable interest rates. Typically, term loans are used for long-term investments, such as purchasing medical equipment, expanding facilities, or acquiring another practice.
Term Loan
Terms & Conditions
Term loans come with specific terms and conditions that dictate:
Repayment Period
Interest Rate
Collateral Requirements
These factors can vary based on the lender’s policies and the borrower’s creditworthiness.
Why Choose a Term Loan?
Comparison of Terms and Conditions Based on Business Stage
Each business has different financial needs at various stages of its lifecycle. Loan terms and conditions vary based on the business stage due to differing levels of risk and financial stability
Repayment period
Interest Rate
Collaterals
0-2 years
Due to the higher risk profile
Possibly personal guarantees
2-5 years
Favorable compared to startups
More flexible terms
+5 years
up to 10 years
Due to established credit history
Less stringent
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Business Stage
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Repayments Period
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Interest Rate
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Collaterals
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Startups
(0-2 years)
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1 to 5 years
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Higher due to the higher risk profile
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Personal guarantees may be required
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Growing Businesses
(2-5 years)
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3 to 7 years
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Lower compared to startups
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Collateral may still be needed, but terms are more flexible
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Establisheb Businesses
(+5 years)
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+10 years
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Lower due to established credit history
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Often less stringent, reflecting the lower risk
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Fuel Your Operations with Working Capital Loans
What is a Working Capital Loan?
A working capital loan is designed to cover the day-to-day operational expenses of a business. These loans are typically short-term and help manage cash flow gaps, pay salaries, purchase inventory, or cover other immediate financial needs.
Working Capital Loan
Terms & Conditions
Working capital loans have specific terms that include:
Repayment Period
Interest Rate
Collateral Requirements
These can vary significantly based on the lender and the borrower’s financial situation.
Why Choose a Working Capital Loan?
Tailored Terms & Conditions for Different Business Stages
Repayment period
Interest Rate
Collaterals
0-2 years
Due to the higher risk profile
Some lenders may require collateral
2-5 years
Favorable compared to startups
Better terms if collateral is provided
+5 years
Due to established credit history
Reflecting lower risk
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Business Stage
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Repayments Period
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Interest Rate
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Collaterals
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Startups
(0-2 years)
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6 months to 2 years
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Higher due to the higher risk profile
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Unsecured, though some lenders may require collateral
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Growing Businesses
(2-5 years)
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1 to 3 years
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Lower compared to startups
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Unsecured, but better terms if collateral is provided
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Establisheb Businesses
(+5 years)
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+5 years
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Lower due to established credit history
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Unsecured, reflecting lower risk
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Business Loan Calculator
Loan Details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Results
Monthly Payments:
$0.00
Avg. Monthly Interest:
$0.00
Total Interest:
$0.00
Total Cost of Finance:
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Questions?
We Have Answers!
Don’t let uncertainty slow you down. Submit your burning questions about healthcare financing below, and our team will provide the clarity you need to make informed decisions.