Financing

Once you have projected the costs associated with your new urgent care startup, the next step is to secure the capital necessary to complete construction, purchase capital equipment and to fund the business during the early months of operation.

While many new start-ups seek financing from common lending institutions, such as local banks and credit unions, a growing number are searching for other options to fund the new business. Leasing companies, SBA loans, private investors are all becoming popular resources.

In many instances, capital equipment, radiology hardware and software, and even electronic medical records (EMR) hardware and software may be paid for by leasing. There are many advantages to placing these items into a lease structure, first and foremost being the reduction of capital needed during the initial startup phase. In addition, added benefits for depreciation can also be achieved with proper structuring of a lease.

In the current economy, having options for financing is not only recommended, it is essential. We can discuss the cost/benefits of the options available as well as put you in touch with lenders that have experience with the urgent care industry.

Patrice Pash  RN, BSN, COHC, CPCT
Senior Consultant
National Med Network
877-875-4200 ext 4
ppash@nationalmednetwork.com