FOR MEDICAL, DENTAL & HEALTHCARE PRACTICES

Working Capital for Medical Practices and Healthcare Businesses

Insurance reimbursements can take weeks or months to arrive, but payroll, rent and supplies don’t wait. Clear helps physician practices, dental offices, chiropractors, physical therapists, pharmacies and other healthcare businesses get working capital fast. One application gives you access to short term loans, merchant cash advances and lines of credit from 100+ lenders, with funding in as little as 1 to 2 days.

Apply for Practice Financing

Medical Practice Working Capital Calculator

Amount Seeking
Desired Term
Estimated Weekly Payment
$0
500,000
Start Application
Funding up to
$5,000,000
Term lengths between
3 - 36 months
Funding within
1 - 2 Days
Time in business
6 months+
Bridge Reimbursement Gaps
Cover payroll and expenses while you wait on insurance payments
Flexible
Funds can be used for any business purpose, from hiring staff to opening a new location
No Collateral
Short term loans and merchant cash advances require no collateral

What You Need to Get Started

Minimum Qualifications

6 months in business

$250,000 annual revenue

600+ FICO score for a short term loan (500+ for a merchant cash advance)

Local Pharmacy Creates Competition

Required Documents

Completed Application

3 most recent business bank statements

Ready to Get Started? Apply Now

I didn’t have an immediate need for funds but wanted to have access to funding in case of an emergency. Clear got me approved for a line of credit and it fit the bill perfectly.

A Kucharskey Controller

Healthcare Financing FAQs

Financing by specialty: Dental practices · Chiropractic practices

Common uses include covering payroll while insurance claims are being paid, hiring providers or staff, buying supplies, upgrading equipment or software, marketing, and opening a new location. Short term loans and merchant cash advances have no restrictions on the use of funds.

Short term loans and merchant cash advances can fund within 1 to 2 days of approval, and clients often receive funds within 1 day. You typically need only a completed application and your 3 most recent business bank statements.

A short term loan offers up to $5 million over 6 to 36 months with interest from 11%, and generally needs a 600+ FICO score. A merchant cash advance is our easiest product to get approved for (500+ FICO) and offers up to $2 million over 3 to 24 months, priced with a factor rate from 1.14 instead of an interest rate. Your Clear loan advisor can compare offers side by side so you can choose.

A factor rate is the total cost of a merchant cash advance. For example, if you receive $20,000 at a factor rate of 1.15, you repay $23,000, so your cost of money is $3,000.

Yes. An asset-based loan can use accounts receivable, equipment and other assets as collateral for up to $10 million at rates from 7%, though underwriting can take up to 90 days. For faster funding, short term loans and merchant cash advances are based mainly on your revenue and bank deposits.

Often, yes. A merchant cash advance can work with a FICO score of 500 or higher. Short term loans generally need 600+, and lines of credit 650+.

Short term loan payments are made weekly or monthly by automatic ACH withdrawal. Merchant cash advance payments are made daily (Monday to Friday), weekly or semi-monthly, and are normally tied to a percentage of your sales, so if revenue drops you can usually ask to lower the payment.

Yes, if you’ve been in business 12 months with $400,000+ in annual revenue and a 650+ FICO score. A line of credit of up to $250,000 lets you draw funds only when you need them and pay interest only on what you use.

Clear is a business loan marketplace with 100+ lenders. One application lets you compare offers across products, and a dedicated loan advisor helps you choose the terms that fit your practice. See how a medical practice, a chiropractor, a dental practice and a pharmacy got funded.