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San Diego Medical Practice Funding

Fast Funding for Medical Practices in San Diego, CA

Medical practices have the potential for high revenue since a doctor or physician's skills will always be in high demand. However, setting up a medical practice is no small feat, requiring a staff of trained professionals, up-to-date equipment, and a building that can accommodate both patients and employees.

While a traditional lender or bank may delay in approving funding, costing you precious income, the financial advisors at Fidelity Advance will set you up with a timely financing that meets all of your needs, working with you to find the best solution for your medical practice. We strive to make things as convenient as possible for our clients, cutting out the stress of launching or maintaining a business.

Medical Practice Funding

At Fidelity Advance, we know that the logistics of running a medical practice are complex. Our funding advisors are ready to work with you to address any problems you may be facing, including:

  • Gaps in revenue. This is common with patient payments not going through, or insurance failing to cover what patients owe.
  • Buying or replacing equipment. To stand out from your competitors, you may need to keep up-to-date with specialized medical technology, which can set you back thousands of dollars.
  • Funding staff. If you are experiencing an influx of patients at your growing medical practice, you may need to hire more employees who can handle front desk duties or additional doctors who can meet with patients directly.
  • Finding a new location. For one reason or another, your current building may be inadequate, whether due to space restrictions or being too remote to reach patients. Moving to a new building is a massive investment that Fidelity Advance can help to finance.

In any case, our advisors want to see you succeed. We can consult with you one-on-one to address the needs of your practice, so that we can arrive at a funding solution tailored to you.

Types of Funding We Offer

Every business comes its own unique circumstances, and as such, you might find that one type of funding works better than another. At Fidelity Advance, our advisors will give you a transparent consultation on what kind of financing you may need. We work with medical practices to reach different solutions, including:

  • Equipment loans. This funding is ideal for securing specialized machinery for doctors, such as diagnostic equipment, wheelchairs, physical therapy devices, and more. Typically, you have to pay a down payment upfront, but once you finish making monthly payments on the equipment, it becomes property of the medical practice.
  • Merchant cash advances (MCA). This funding is best used for lump sum payments for short-term, time-sensitive expenses. Instead of paying back the advance directly, the business gives up a percentage of future sales until the amount is paid back in full with interest.
  • Term loans. Similar to a merchant cash advance, this is a lump sum amount typical for large, upfront expenses. The funding is paid back over time in monthly payments.

Finding an intelligent solution for your medical practice's financial needs is important. During the application process, the advisors at Fidelity Advance can help you narrow down the best option for your business's long-term growth.

Contact a San Diego, CA Medical Practice Funding Advisor

Medical practitioners are among the most important professions in our society. Fidelity Advance is ready to help at any stage of your business operations, whether you are already established or looking to open up your services to patients. We provide an alternative to traditional lenders who may decline you, with a fast, efficient, and simple application process. To learn more, call our San Diego office at 888-316-2246 or contact us online.

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