Medical Equipment Financing

Medical equipment we finance

• Imaging and ultrasound

  Ultrasound, digital X-ray, C-arms, bone densitometry and in-office CT or MRI where a practice runs its own imaging.

• Diagnostic equipment

  Cardiology and pulmonary testing, in-office lab analyzers and the systems that keep testing in house.

• Surgical and procedure rooms

  Procedure tables, lights, electrosurgical units, endoscopy towers and sterilization for practices that operate on site.

• Lasers and aesthetic devices

  Surgical and aesthetic laser platforms and energy devices for dermatology, plastics and aesthetic practices.

• Exam rooms and technology

  Exam tables, monitoring equipment, EHR hardware and software where the provider accepts it.

• Used and refurbished equipment

  Pre-owned and certified refurbished units, financed on the age, condition and service history of the specific machine.

This is built for private practices and clinics adding one or two machines at a time, not hospital capital purchasing. Providers can treat software, installation and room construction differently from hardware, so ask for the eligible scope in writing.

Imaging and ultrasound equipment financing

Imaging is the classic case for equipment financing. An ultrasound, digital X-ray or in-office CT system earns across many years and has a resale market, so the machine itself can secure the agreement. The same logic covers an OCT in an optometry practice or imaging in a veterinary hospital.

Before you sign for imaging, confirm:

• Scope: the unit only, or also delivery, installation, software licenses, probes and training.
• Room readiness: who pays for electrical work, shielding and any state registration or inspection steps.
• Payment start: whether payments begin at delivery, at acceptance or when the room is ready.
• Service: whether a service contract is bundled into the payment or billed separately.

Match the term to how long the machine will stay clinically current. A durable imaging system and a fast-moving aesthetic platform should not carry the same schedule.

What drives medical equipment financing rates

There is no standard rate to look up. Each provider prices the specific machine and the specific practice. The factors that move the rate and the real cost:

• The equipment: what it is, new or used, and how well it holds resale value.
• The structure: loan, lease with a buyout or fair-market-value lease, each priced differently.
• The term: a longer term lowers the payment and usually raises total cost.
• The practice: time in business, revenue and deposit history, and existing debt.
• The owners: personal credit and any guarantees.
• Upfront payment and fees: down payment, documentation fees and advance payments.

Compare offers on total payments over the term, fees, end-of-term cost and prepayment terms. A low quoted rate with a large buyout or extra fees can cost more than a higher rate without them.

How to compare equipment finance companies

Questions to put to every provider:

• What are the total payments over the term, including every fee?
• Is this a loan or a lease, and what happens at the end of the term?
• Does the lien cover only this equipment, or other practice assets too?
• Can the agreement be paid off early, and at what cost?
• Do you pay the vendor directly, and when?
• Do you finance used or refurbished units?

Loan vs lease and the tax angle

A loan suits equipment you will keep for its working life. A lease with a buyout lowers upfront cost on equipment you still plan to keep. A fair-market-value lease suits technology you expect to replace or hand back. For long-life equipment inside a larger project, compare an SBA 504 loan or SBA 7(a) with a standalone equipment offer.

Section 179 can let a business deduct the cost of qualifying equipment in the year it is placed in service, subject to annual limits that change. The IRS explains the rules in Publication 946.

This is general information, not tax advice. Confirm Section 179 and depreciation treatment with your accountant before relying on it.

How the medical equipment financing process works

1. Send the quote. Share the vendor quote and how the practice performs today.
2. Documents. We ask for financial statements, tax returns and a schedule of existing loans and leases.
3. Provider matching. We take one prepared request to the equipment finance, bank and SBA providers that fit the machine.
4. Compare and close. You compare written offers on the same scope, choose one, and the provider pays the vendor on its terms.

We explain how we get paid before you choose an offer.

Who qualifies for medical equipment financing

Underwriting leans on two things: the practice and the machine. On the practice side, providers look at time in business, revenue and deposits, existing debt and the owners' credit. On the machine side, they look at what it is, whether it is new or refurbished, and what it would resell for. Our practice loan readiness checklist lists the documents lenders commonly ask for. Equipment that is part of an acquisition or expansion belongs in a wider medical practice loan request. We work with practices across New York and New Jersey.

Provider summaries are not an approval or a commitment to fund. Providers determine eligibility, amounts and terms after review.