Medical Equipment Financing for Practices, Clinics, and Healthcare Businesses
Medical equipment is expensive, and waiting until you can pay cash isn't an option when patient care depends on having the right tools. The Funding Booth finances medical equipment for healthcare providers of every size — from solo practitioners adding a single piece of imaging equipment to multi-location clinics upgrading entire departments — with programs that fit every credit situation and no unnecessary paperwork requirements.
What Medical Equipment We Finance
If it's used in the operation of a healthcare or wellness business, we can likely finance it. We place no restriction on equipment age, hours, or condition — new or used, from a dealer or a private seller — as long as the equipment is business-essential. That covers a wide range of medical equipment, including:
- Diagnostic imaging: MRI machines, CT scanners, X-ray systems, ultrasound equipment, and fluoroscopy units
- Dental equipment: chairs, digital X-ray, CBCT/cone beam scanners, CAD/CAM milling systems, and sterilization units
- Ophthalmology and optometry: slit lamps, OCT machines, phoropters, and surgical equipment
- Physical therapy and rehabilitation: traction tables, ultrasound therapy units, electrical stimulation devices, and laser therapy systems
- Laboratory and diagnostic: analyzers, centrifuges, autoclaves, and specimen processing equipment
- Surgical and procedural: operating tables, surgical lights, anesthesia machines, and laparoscopic systems
- Aesthetic and cosmetic: laser systems, body contouring devices, and light-based treatment platforms
- Chiropractic, wellness, and alternative medicine equipment
- Practice management technology: EHR hardware, check-in kiosks, and front-desk systems
If you don't see your equipment category listed, call us. Our no-industry-restriction policy means we evaluate the deal, not the category.
Financing Structures Built for Healthcare Providers
Medical equipment financing isn't one-size-fits-all. The right structure depends on how long you plan to use the equipment, how you want to handle ownership and end-of-term options, and how the payment fits your practice's cash flow. We offer every major financing structure so you can choose what actually makes sense for your situation.
Equipment Loans and Equipment Finance Agreements (EFAs)
An equipment loan or EFA gives you ownership of the equipment from day one. You make fixed monthly payments over your term, and the equipment is yours at the end with no additional purchase required. This structure works well for equipment with a long useful life — imaging systems, surgical equipment, dental chairs — where you intend to keep and use the asset for years.
$1 Buyout Leases
A $1 buyout lease functions like a loan in practice: you make monthly payments over the lease term, and at the end you purchase the equipment for $1. Monthly payments are typically slightly higher than an FMV lease, but you walk away with full ownership at a predetermined cost. This is a strong option when you want the tax treatment of a lease with the ownership outcome of a loan.
Fair Market Value (FMV) Leases
An FMV lease gives you the lowest monthly payment of any structure. At the end of the term, you can purchase the equipment at its fair market value, renew the lease, or return it. This structure is most useful for technology-forward equipment — diagnostic software platforms, imaging systems, aesthetic devices — where you may want the option to upgrade rather than commit to long-term ownership.
TRAC and Term Residual Leases
TRAC (Terminal Rental Adjustment Clause) and term residual leases are structured financing tools commonly used for higher-value medical equipment where the lender and borrower agree on a residual value at the start of the term. These structures can reduce monthly payments significantly compared to a loan while preserving a clear ownership path. They're worth discussing if you're financing equipment above $100,000.
Sale-Leasebacks
If you already own medical equipment outright, a sale-leaseback lets you convert that equipment into working capital without giving up use of it. You sell the equipment to a lender and immediately lease it back, freeing up cash for payroll, expansion, supplies, or any other business need. Sale-leasebacks are particularly useful for practices that are asset-rich but cash-constrained.
Programs for Every Credit Situation
One of the most common reasons healthcare providers don't pursue equipment financing is the assumption that their credit situation will disqualify them. It often won't. We work with medical and healthcare businesses across the full credit spectrum, including:
- Established practices with strong credit looking for the best available rate
- New practices and startups with less than two years in business
- Owners with past bankruptcy, collections, or a thin credit file
- Providers with no personal credit score or no SSN (ITIN-only applicants)
- Practices that have been turned down by a bank or direct lender
The Funding Booth has solutions for every business in need of equipment funding or working capital.
Application-Only Approvals Up to $500,000
For transactions up to $500,000, we can often approve financing on the application alone — no personal financial statements, no tax returns, no business financials. You fill out the application, we work with our lender network to find the right fit, and you get an answer. This is one of the fastest paths to equipment funding available in the market.
Startup and New Practice Financing
Opening a new practice or clinic is expensive, and most banks won't finance equipment for a business with less than two years of operating history. We have lender programs specifically designed for day-one startups and new healthcare businesses. If you're building out a new practice and need to finance your equipment, we can work with you from the ground up.
Bad Credit and Challenged Credit Programs
A past bankruptcy, a low credit score, or a few negative marks on your credit report doesn't automatically close the door on equipment financing. We have lender relationships that specialize in challenged credit situations across the healthcare vertical. Rates and terms will reflect the risk profile, but approval is often possible when other lenders have said no.
Private Party Medical Equipment Purchases
Buying a used MRI, CT scanner, or other high-value medical equipment from a private seller — not a dealer — is common in the healthcare market, and most lenders won't finance it. We will, on transactions of $20,000 or more. If you've found the equipment you need through a private sale, we can structure the financing and fund the transaction directly to the seller.
$0 Down and Deferred Payment Options
Cash flow matters, especially in a growing or newly established practice. We offer $0 down financing and deferred payment structures on qualifying transactions, so you can get equipment working for your business before the first payment is due. Terms run from 3 months to 15+ years depending on the equipment and structure, and funding amounts range from $5,000 to $100 million.
Why Healthcare Providers Work with The Funding Booth
There's no shortage of equipment financing companies. Here's what distinguishes us from the banks, direct lenders, and other brokers you may be comparing us to:
- No equipment age restriction — we finance new and used medical equipment without arbitrary cutoffs
- No industry restriction — every healthcare and wellness category qualifies
- Programs for every credit tier, including startups, past bankruptcy, and ITIN-only applicants
- Application-only approvals up to $500,000 with no tax returns or financials required
- 1,000+ customers funded and $100M+ in total transactions since 2018
- Fully licensed (CA license 60DBO-99063) and operating nationwide
- No pressure, no jargon — we tell you what your options are and let you decide
How the Process Works
Getting financed through The Funding Booth is straightforward. Most healthcare providers move from application to funded in a matter of days.
Submit your application or request an instant quote online. We gather the basic information about your business, the equipment, and the transaction.
We shop your deal across our lender network to find the program that fits your credit profile and financing goals — not just the first approval we can get.
You review the offer. We walk you through the rate, term, structure, and total cost in plain language so you understand exactly what you're agreeing to.
Once you sign, we fund. For vendor transactions, we prefund 100% before delivery with no recourse to the seller. For private party transactions, we fund directly to the seller.
Medical Equipment Financing — Frequently Asked Questions
What types of medical equipment can be financed?
We finance virtually any equipment used in the operation of a healthcare or wellness business — diagnostic imaging, dental equipment, surgical systems, aesthetic devices, laboratory equipment, physical therapy tools, and practice management technology. New or used, from a dealer or a private seller, with no restriction on equipment age or condition.Do I need good credit to qualify for medical equipment financing?
No. We have programs across the full credit spectrum, including startups, past bankruptcy, thin or no credit history, and ITIN-only applicants. Credit profile affects the rate and terms you're offered, but it rarely closes the door entirely when you work with us.How much documentation is required to apply?
For transactions up to $500,000, we often work on an application-only basis — no tax returns, no personal financial statements, no business financials required. For larger transactions or more complex credit situations, additional documentation may be requested by the lender.Can I finance used medical equipment purchased from a private seller?
Yes. We finance private party equipment transactions of $20,000 or more. Most lenders won't touch private party sales, but we structure and fund them regularly. The seller receives payment directly from the lender, and you make payments to us over your agreed term.What financing structures are available for medical equipment?
We offer equipment loans (EFAs), $1 buyout leases, fair market value leases, TRAC and term residual leases, and sale-leasebacks. The right structure depends on your ownership goals, cash flow, and how long you plan to use the equipment. We walk you through the options so you can choose what fits.How long does it take to get approved and funded?
Many transactions are approved within 24–48 hours of a completed application. Funding timelines vary based on the lender, the transaction size, and whether documentation is required, but most straightforward deals move from application to funded within a few business days.
