Physician Loans for Medical Practice Financing

A doctor holds the most prestigious occupation in the United States, but even the most prestigious can use a hand in the form of a physician loans every now and then. Annual surveys, such as the Harris Poll, show that 90% of Americans choose being a physician as the most esteemed profession and their dream job for their son or daughter. But new realities facing the medical industry, doctors especially, threaten the rewards of being a physician. Increased regulations, heavier patient load, higher overhead, and reduced reimbursement from insurance and Medicare are chasing a lot of doctors out of private practice. But that’s not all…

physician loans
Physician jobs are seen as prestigious but they face growing financial challenges. Flexible and affordable funding solutions from Greenbox Capital can help.

Some doctors are holding steadfast to their dream of being in private practice, offering community-based care and staying their own boss. How are they managing to resist closing their practice and becoming a hospital staff doctor? Greenbox Capital is one of a few comprehensive medical financing companies that offers financial products, like physician loans, to help physicians keep their independent practices viable. Certainly, physicians, many of whom spend 15 years or longer in school from the time of college entry, deserve support so they can continue fulfilling their vital role in society. That’s why we have multiple medical practice financing solutions.

At Greenbox Capital, our team of funding advisors provide flexible medical practice financing options that enable doctors in private practice to prosper. Access to working capital puts physicians in control of their business’s future. Through merchant cash advance services¹ or small business loans², doctors can evolve their practice along with the current changes in healthcare. Small business loans from Greenbox Capital can enable an investment into an Accountable Care Organizations (ACO) or provide the funding needed to revamp an entire practice and transform it into a boutique or concierge model.

 

Small Business Financing Comparison
Greenbox Capital
Bank, Credit Union, other traditional lender

Cash received

24 hours(or less)

Weeks or months

Application requirements

Fast, easy online application

Little paperwork. 3 months of bank statements

“Soft credit pull.” Does not impact credit. Bad credit not automatic disqualifier

Slow, in-person, complex application

At least one year of bank statements and tax returns

Background check, credit, and business references

Eligibility

Low credit score

No collateral

6 months in business

No restrictions on funding use 

Excellent credit score

Collateral or cash assets required

Requires long business history 

Restrictions on funding use

In order to survive during changing times, independent physicians are using physician loans to adopt new business models:

  • Concierge or boutique model. Doctors provide medical services to patients and get paid a retainer for the services or fee per services provided. In this direct contract model, physicians usually offer “around-the-clock” care through emails, telephone availability, and even make house calls.
  • Partnering in an Accountable Care Organizations (ACO). In this model, the physicians can reduce administrative workload and overhead by partnering with hospitals and other groups to deliver Medicare services.
  • Patient-Centered Medical Homes. In this delivery model of primary care, doctors regain their central role in their patient’s care. The physician coordinates the care in partnership with other clinicians and specialists within their partnership. Care is closely coordinated in close communication with the patient and their family. Costs for running this medical model are shared among the partners within the Patient-Centered Medical Home.

The above consists of just a few choices physicians have to preserve their dream of staying in independent practice and delivering direct quality patient care with the help of a doctor loan.

Business cash advances or small business loans from Greenbox Capital are easy to obtain and cash of up to $250,000 can be deposited into your account in as fast as 24 hours. With a goal of keeping small medical practices and independent doctors strong, Greenbox Capital offers special financial options. Unlike banks and other traditional lenders, Greenbox Capital is an alternative lender and caters to the challenges that independent professionals face. 

¹ Greenbox Capital Merchant Cash Advances may not be available in all regions of the United States or Canada.
² Greenbox Capital Small Business Loans may not be available in all regions of the United States or Canada.

For a free consultation, please complete our application or contact our Merchant Account Service Team to learn how you can qualify for a doctor loan for your medical practice.