Medical Equipment Financing Solutions

Credit score requirements vary by financing program. SBA loans generally require satisfactory personal credit histories for principals and guarantors, while certain cash advance and alternative financing options may work even with poor credit, late payments, or previous bank turndowns. Franklin Financing Services reviews the full business profile, including revenue, cash flow, time in business, and financing purpose.

To qualify for equipment financing, lenders typically review business revenue, time in operation, bank statements, existing debt, and the equipment being financed. Some programs may require financial statements, projections, or proof of cash flow. Franklin Financing Services helps match healthcare businesses with options such as equipment leasing, term loans, SBA financing, or restructuring based on their circumstances.

Medical equipment financing can often be used for diagnostic systems, exam room equipment, imaging devices, lab technology, office technology, furniture, fixtures, and other healthcare-related assets. The exact eligibility depends on the lender and financing structure. Equipment leasing may help practices obtain necessary tools without a large upfront capital expenditure, preserving working capital for operations.

Some financing programs can move quickly. Business term loan FAST TRACK options may provide an answer in 24-48 hours, with funding shortly after approval, and certain programs may fund in as little as 3 days. Easy Pay cash advances may approve in 48 hours and fund in under 7 days, depending on documentation and eligibility.

Yes. Franklin Financing Services offers equipment leasing, allowing businesses to obtain needed equipment without large upfront capital expenditures. Leasing can be especially useful for healthcare practices that want to preserve cash, upgrade technology, or spread equipment costs over time while keeping capital available for payroll, inventory, marketing, or patient care improvements.

Yes. Franklin Financing Services works with businesses that may not qualify through traditional banks and can often explore options for applicants facing poor credit, late payments, or bank turndowns. Alternative financing, cash advances, unsecured loans, or revenue-based structures may be considered when conventional lending is not the best fit for the practice.

Required documents depend on the program. FAST TRACK term loans may need only an application and the last four months of bank statements. Revenue-based financing may require two years of monthly financial statements, revenue by customer, debt schedule, and projections if available. SBA loans and larger facilities usually involve deeper underwriting and credit review.

Existing equipment loans may be eligible for debt restructuring when a business has multiple equipment-related obligations or built-in equity in financed assets. Franklin Financing Services can help pay off lenders and refinance equipment into one loan, which may reduce monthly payments by 30% or more and improve cash flow for growing practices.