Best Medical Practice Loans of October 2026
The right medical practice loan can help you start, expand or improve your medical practice.
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| Lender | Best for | Starting rate | Amount | Term | |
|---|---|---|---|---|---|
|
Acquisitions and real estate | 9.50% (variable interest rate) | Up to $5M | Up to 300 months | |
|
Established practices | Not specified | Not specified | Not specified | |
|
Working capital | Not specified | Not specified | Not specified | |
|
Startups | 4.99% |
$100k – $20M |
60 to 300 months | |
|
Equipment financing | 5.99% |
$10k – $250k |
12 to 60 months |
Read more about how we made our picks for best TK loans.
Medical practice loan lenders at a glance
Best for: SBA loans – Live Oak Bank
- Starting rate
- 9.50%
Starting at 9.50% variable. Some borrowers may qualify for lower rates. Based on the current prime rate of 7.00% + a rate maximum set by the SBA.
- Amount
- Up to $5M
- Time in business
- 24 months
- Term
- Up to 300 months
- Min. credit score
- 650
- Loans for as little as $10,000
- Funding available within 15 days
- Financing available for startups
- Two years of business history may be required for some products
- Good credit scores are required
Live Oak Bank offers healthcare practice loans for acquisition of a new practice, construction, refinancing and other business purposes. It also offers three SBA loans for startup or expansion.
Their SBA 7(a) loan has a $5,000,000 limit, and their SBA 504 loan can give you financing up to $15,000,000. But the time from initial consultation to funding can be roughly as long as 57 days. For a shorter timeline (as little as 15 days) consider the Live Oak Express loan, which is a smaller SBA 7(a) loan that maxes out at $350,000.
SBA loan requirements apply to all of Live Oak’s SBA loans. Also, if you own 20% or more of the business, you’ll likely need to provide an unlimited personal guarantee, meaning you will personally be liable for any debt that the business can’t repay.
For the Live Oak Express loan, you’ll need two years of business history and excellent credit scores to qualify.
Best for: Established practices – Bank of America
- Starting rate
- Not specified
- Amount
- Not specified
- Time in business
- Not specified
- Term
- Not specified
- Min. credit score
- Not disclosed
- You can finance up to 100%
- Fixed interest rates
- Loans for new and established businesses
- APR ranges are not disclosed
- Loan repayment terms are not disclosed
- Loan amounts are not disclosed
Bank of America (BofA) offers healthcare practice loans and SBA loans for both new and established practices. You can borrow from Bank of America for real estate purchases, build-outs, equipment and more. Financing is available for up to 100% and interest rates are fixed, but the bank doesn’t disclose more about its loan terms.
To get information about available interest rates, loan terms and fees, you can contact a Bank of America practice specialist at 800-497-6076.
Bank of America doesn’t specify who qualifies for their healthcare practice loans. You can learn more by contacting the bank or by filling out Bank of America’s consultation request form on their website.
Best for: Working Capital – PNC Bank
- Starting rate
- Not specified
- Amount
- Not specified
- Time in business
- Not specified
- Term
- Not specified
- Min. credit score
- Not disclosed
- SBA loans are available
- Loans can be used to build or expand
- Loan terms are not disclosed
- Rate range is unknown
- Eligibility requirements are not provided
PNC Bank offers medical practice loans and SBA loans. Eligible borrowers can get financing from PNC to purchase real estate and equipment and build or expand a practice. Medical practice financing is available for companies with up to $10,000,000 in annual revenue, but specific loan terms, such as APR range, are not disclosed.
The requirements to qualify for a PNC Bank medical practice loan are not disclosed.
Best for: Startups – U.S. Bank
- Starting rate
- 4.99%
- Amount
- $100k to $20M
- Time in business
- Not specified
- Term
- 60 to 300 months
- Min. credit score
- 680
- Competitive interest rates
- Large loans are available for real estate
- Up to 100% financing
- Minimum FICO score of 680
- Collateral may be required
- It can take up to 30+ days to receive funds
Qualified borrowers can choose from a variety of business loans from U.S. Bank, including medical practice startup loans, loans to grow your business and SBA loans. For startups, you can use the loan funds for buildouts, equipment, working capital, or to acquire or buy into a practice.
Loan terms go up to 300 months for commercial real estate and up to 180 months for other loan purposes. Financing is available up to 100%, and you may have the option to choose a six-month, interest-only payment on your loan.
Depending on the type of practice you have, collateral may be required to qualify. U.S. Bank will also evaluate your cash flow stability, projected revenue, licensing and personal debt.
If you’re just getting your business started, U.S. Bank may lend to you if you have “strong credentials” such as an MD, DDS or DVM. For SBA loans, you need a minimum of six months in business, but direct experience managing a medical practice may be accepted as an alternative.
Best for: Equipment financing – Triton Capital
- Starting rate
- 5.99%
- Amount
- $10k to $250k
- Time in business
- 2 years
- Term
- 12 to 60 months
- Min. credit score
- 600
- Most applications don’t require financial documents
- Funding can be received in one business day
- Payments can be made monthly, annually or seasonally
- Maximum repayment term is 60 months
- Personal credit can impact eligibility
- Ideal minimum credit score is 600
Triton Capital has equipment loans available for multiple industries, including the medical industry. Startups are also eligible for financing. In fact, Triton Capital can be a good lender to consider if you’re starting a business, since loan amounts start as low as $10,000, and you’re not required to submit financial documents (such as tax returns and your balance sheet) to qualify. The interest rate range is also competitive.
Another perk of going through Triton Capital is speed. Loans are typically approved within two to four hours and you can receive funding within one to two business days.
When you apply through Triton Capital, your personal credit is taken into consideration. In terms of scores, the lender says that 600 is the ideal minimum, but there may be some flexibility for borrowers with lower scores.
- You may need to contact some lenders to get details about their loan terms and eligibility requirements for medical practice loans.
- Your personal credit can impact your ability to qualify for a medical practice loan.
- Be sure to compare interest rates across multiple lenders, as there’s a lot of variation in medical practice loan rates.
- You may have to provide a personal guarantee on your medical practice loan, meaning you’ll be personally liable for debt the business doesn’t repay.
What is a medical practice loan?
A medical practice loan, sometimes called a physician practice loan, is a loan available for qualified healthcare providers to help them start or grow their practices or refinance their debt. These loans are typically available from banks, credit unions, specialty healthcare lenders and the SBA, and can be used for expenses ranging from buying new medical equipment to hiring staff or purchasing office space.
Medical practice loans are similar to other business loans; however, they often have more favorable terms since the medical industry is a more stable and high-paying industry than many others. Here’s how medical practice loans generally compare to other types of business loans:
- Lower interest rates
- Longer repayment terms (up to 25 years)
- An interest-free payment period may be available
- Financing is available up to 100%
Depending on the lender, medical practice loans can also be secured (meaning they require collateral) or unsecured.
What can medical practice loans be used for?
Medical practice loans can be used for a wide variety of purposes, including just about any purchase related to establishing or expanding your practice. Here are some of the main uses.
Start-up costs: Your loan can help you purchase real estate, build office space or cover lease agreements. The funds can also be used to buy new equipment and cover payroll and marketing.
Acquisition or expansion: Your financing can be used to buy or renovate an existing practice, relocate or buy into a partnership. There are also loans for business acquisitions, typically with better terms than start-up loans.
Equipment and technology: A medical practice loan can make it possible for you to purchase or upgrade the medical devices and diagnostic tools your practice needs. You can also use the funds to upgrade your systems and platforms.
Operations: This financing can help you come up with the initial working capital you need or cover day-to-day operations and payroll when you have cash-flow gaps.
Debt management: A new loan can help you consolidate or refinance existing debt to get better rates or payment terms on your business financing.
Get help finding the right medical practice loan
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Types of medical practice loans
Bank loans
You can go through a well-established bank like U.S. Bank to get a medical practice loan. Compared to SBA loans, bank loans often give you faster funding, since you don’t have to adhere to federal borrowing guidelines. However, you may need up to two years of business history to qualify.
Online lenders
With online lenders, you apply and make your loan payments online. Interest rates can sometimes be higher with online lenders than traditional banks, but the application process is typically shorter. Online lenders are also more likely to work with startups and small businesses.
Equipment loan
Equipment loans are designed to help businesses pay for new equipment. These loans are typically secured, meaning your loan is backed by the equipment as collateral. So if you miss payments, the lender can seize the equipment. Since these loans are secured by collateral, the interest rates can be lower than other loan types.
SBA loans
With loans from the Small Business Administration (SBA), the SBA backs the loan. You get these loans from traditional lenders, but the SBA guarantees the lender they’ll cover a percentage of the amount borrowed if you fail to repay. Because of that guarantee, lenders typically offer more flexible eligibility requirements on SBA loans.
Business line of credit
A business line of credit gives your business an account you can draw from as needed, up to a set limit, and then repay. When you repay your balance, the funds become available again. These accounts let you cover ongoing expenses or projects with an unknown total cost.
How to choose a medical practice loan
Not all medical practice loans are the same. To find the best loan for your business, you’ll need to compare what’s available from multiple lenders. Here’s what to compare.
Rates and fees: Look at the APR, which shows the annual cost of borrowing with all fees included. Also, make sure to consider any origination fees and prepayment penalties.
Collateral and personal guarantees: Some medical practice loans require collateral, which means you risk losing property if you fail to pay back the loan. Business loans may also require personal guarantees, meaning you are personally liable for debt the business doesn’t repay.
Down-payment/cash injection: Many business loans require you to make an equity injection, which is a contribution from your own personal savings or assets or from an investor. The required amount is typically 10% to 20% of your project’s total cost.
Lender specialties: Some lenders offer loans for specific types of businesses, such as the medical industry, which can include dentists, veterinarians and other specialities. To narrow down your field of potential lenders, look for lenders who work with medical practices.
Your practice details and financials: Each lender has their own requirements for businesses to qualify. This can include details like time in business, minimum credit score requirements and annual revenue.
Medical practice loan requirements
Lenders will want to take a close look at your qualifications before approving you for a medical practice loan. Each lender has slightly different requirements, but be prepared to share the following information.
Credit score: For new businesses, lenders are likely to review your personal credit scores. For business expansion, the lender might consider both your personal and business credit scores.
Time in business: The lender may have a minimum requirement for the number of months or years you’ve been in business. Alternatively, a lender might consider your experience in the field or with managing a medical practice.
Business financials: You’ll likely need to provide financial statements, including your business and/or personal tax returns, profit and loss statement and your business plan. For new businesses, business projections may be required.
Payer mix and reimbursement cycles: Lenders will consider how your clients pay you after receiving care and how long it takes you to receive reimbursement from insurance providers when determining your ability to maintain loan payments. You may need to demonstrate how you can manage fluctuations in payments received before you can qualify.
Licensing and credentials: Your relevant licensing and certifications can directly impact your loan qualification. Each lender may have a set list of qualifying licenses you’ll need.
Regulatory and compliance history: Lenders can review your business’s history of compliance with laws and applicable regulations to determine how likely you are to stick to your loan agreement.
How to apply for a medical practice loan
1. Determine your financing needs
Take inventory of your project’s estimated cost. This includes taking time to research the cost of each purchase involved. Taking this step will help you ensure you apply for the full amount you need.
2. Research and compare lenders
Review multiple lenders to determine who will offer financing to your business. Be sure to compare their loan requirements and terms, including:
- Loan amounts
- Fees and interest rates
- Licensing
- Time in business
- Collateral
- Personal guarantee
3. Gather your documents
Prepare the application documents the lender requires. Depending on the lender, that may include the following:
- Personal and business tax returns
- A financial statement, such as a profit and loss statement
- Certifications and licenses
4. Review your loan details and accept financing
Before accepting an offer, make sure you review and understand the full terms of the loan. Don’t just focus on the monthly payment amount, but review the full agreement terms and make sure you understand your interest rate, payment due dates and all applicable fees.
Methodology: How we chose the best medical practice loans
LendingTree reviewed more than 30 lenders to determine the best loans for medical practices overall. To make our list, lenders must meet the following criteria:
- Healthcare focus: We highlighted lenders who specialize in loans for medical, dental and veterinary practices first.
- Minimum time in business: We chose lenders that are friendly to startup and early-career practices, with short time-in-business requirements where possible.
- Minimum credit score requirement: We prioritized lenders with accessible minimum credit score requirements, while still including SBA and bank options for borrowers with stronger credit.
- Rates and terms: We favored lenders with competitive fixed rates, fewer fees and a range of repayment terms, loan amounts and APR discounts.
- Loan variety: We considered whether each lender offers financing across multiple use cases — acquisitions, working capital, equipment and commercial real estate — so borrowers at different stages can find a fit.
- Repayment experience: We considered each lender’s reputation and business practices, favoring lenders that offer dedicated healthcare loan officers, reliable customer service and unique perks like association discounts or fast funding.
Frequently asked questions
You can use medical practice loans for most expenses related to establishing or growing a medical practice. That includes the purchase of real estate and medical equipment, acquiring a pre-existing practice and covering operational costs.
Yes. Some lenders only offer medical practice loans to established businesses, but others have loans geared toward startups.
Yes. Medical practice loans are available specifically for acquiring pre-existing medical practices. These loans can cover everything from real estate purchases to buying patient lists.
Some medical practice loans require collateral. If you use an equipment loan or use your loan to purchase real estate, for example, you may need to use the property as collateral for the loan.
Each lender has different credit score requirements to qualify for medical practice loans. If you have a score of 650 or higher, you are likely to meet the minimum requirements of most lenders.