Summary
Most common reasons doctors use business lines of credit:
- Cash flow management
- Working capital
- Equipment and technology upgrades
- Expansion and renovation
- Marketing and advertising
- Emergency expenses
- Seasonal demand
- Inventory management
- Professional development
- Insurance gaps
Loan Features
- Amounts: $50,000 – $750,000
- Terms: 6-36 months: Multiple options
Borrower
- Minimum Time in Business: 1 month (1 year preferred)
- Annual Sales: Min $27,000/monthly ($50,000/monthly preferred)
- Minimum FICO score: 551
- US citizen or permanent Resident
- Not available in North Dakota and South Dakota
- Commercial location. Business cannot be home based.
- Must have employees.
Other Details
- Funding in about a week
- Minimal Documentation required
- Soft Credit Check