Doctors / Physician Offices

In the Business of Helping Others

You own your own practice. As a doctor or a business person running a doctor's office you are in the business of health care. Your patients come to you needing help from your facility in order to feel better and return to good health. What you do gives you a good feeling, like you are always doing something to help others, something they wouldn't be able to do on their own. But running a medical center, no matter how big or small, is a business and you need to make a profit in order to keep the doors open, provide the latest in medial science, and keep your own chosen lifestyle while paying the bills.

Tougher Times

This economy hasn't left even your physician's offices untouched. Employers list their number one concern as trying to provide medical benefits to their employees. The high cost of insurance coupled with the unstable economy has caused many employers to revoke health insurance completely, or stop paying for much of the premiums. New insurance laws have people wondering just how helpful the regulations will be. You've seen a decline in patient visits because fewer people have health insurance than they did just a handful of years ago, and even those with insurance might not be making as much money anymore so they opt not to spend it on routine visits. Certainly you've thought of ways to bring in new business by offering things like discounts to patients if they pay upfront for a few years of regular screenings and checkups and/or services you can bundle for a lower price out of pocket. You are going to need to advertise in the local community. And you still need to operate your business. You might need to make repairs on an expensive piece of medical equipment like an x-ray machine or ECG. Perhaps you need to retrofit an older office, replacing out of code ceiling tiles or worn carpet. You will need a lot of working capital to keep your doctor's office running strong, but you know a loan isn't the approach you want to take. The best option for your facility is a Merchant Cash Advance.

Loans, Not a Healthy Choice

Loans aren't an ideal way to obtain cash funding, especially today. Banks have tightened their restrictions across the board, and the loan officers not only look at your business when considering extending credit, but your personal credit score and history as well. You certainly will need to pledge collateral, but a bank probably won't accept anything in your practice because they can't easily sell medical equipment. Banks can restrict how you spend the loan, often times wanting a detailed written explanation upfront for what the money will be used on. And, if the loan is approved, it can take up to several months before you can get the money and spend it on your practice. This is why a Merchant Cash Advance is such an advantage to your medical practice. It overcomes all of these shortcomings.

The Financing Cure

A Merchant Cash Advance offers you a great way to finance your doctor's office. The application process is simpler because the restrictions aren't as high as with a loan. When your application is approved you can have the cash in as little as a few days. You are free to use the cash however you want to so you can help your practice. Here is perhaps the best part for your practice – a Merchant Cash Advance isn't paid off like a loan. You don't make the same payment every month with no regard to how much money you are making. With an advance your repayment is directly linked with how well your business is doing. A small percentage of only debit and credit card transactions is automatically transferred to paying off the advance. No other form of payment is necessary and many business owners pay off their Merchant Cash Advance in less than a year! Because the repayment is based on a set percentage, the pace of your medical practice determines how much is paid. Once your advance is paid off, that's it.

Contact Fastpoint Financial Today

So go ahead and contact Fastpoint Financial now to get your application for a Merchant Cash Advance started today. With Fastpoint's simplified application process and professional customer service representatives you can feel assured knowing your advance is only days away from helping improve your doctor's office. Don't wait any longer, call today.