Your practice is both your passion and often your greatest source of aggravation. A health worker’s day never seems to end. But the only thing more challenging than keeping people healthy is getting the financing you need from the bank for expanding your practice. Maybe you’ve applied for a small business loan and been turned down, or you can’t afford to wait the weeks and weeks on a bank loan. Opportunity rewards those that take quick action! A merchant cash advance or small business loan from UNI Capital Management offers a better way:
Most of our medical clients receive a pre-qualification from us within 24 hours of submitting the online application, and often receive the money in their business bank account within 7 days. The process for obtaining a traditional small business loan from a bank could take several months. Learn how our small business loan and merchant cash advance application process works!
We don’t need you to clean out your entire accounting drawer before we see you. We are not a bank, so we don’t require the same amount of documentation from our medical professional clients. You don’t have to fill out 20+ documents and provide tax returns, financial statements, or use your medical office as collateral to obtain a business cash advance. We have a simple one-page application and only ask for 4 months of credit card processing statements and 3 months of bank statements.
We take many factors into consideration through our proprietary application approval process, and we have funded many medical professionals who have credit scores 550 and above. Business loans from banks often require a higher minimum FICO or credit score. Read how you can qualify for our small business loan or merchant cash advance.
A merchant cash advance isn’t a traditional loan. The advance is paid back as a percentage of your daily credit card sales. When patients fill up your waiting room, you pay back more and when business slows, you pay back less. Simple, flexible, and eliminates the stress of paying back a loan. Learn more about our business cash advances.
Any small business owner knows that it costs money to make money, and that goes double for medical professionals. Expensive medical equipment, hiring specialized staff, and potentially dealing with unexpected insurance claims. Uncertainty is often around the corner.
One problem with a traditional bank loan is its inflexibility. When applying for a loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines requires you to pay a fixed amount, even when things might be slow for you.
Here are just a few things you can use one of UNI Capital Management’s small business loan alternatives for: