First Capital Business Finance
We want to help you grow your business with medical equipment financing that fits your budget.
First Capital Business Finance offers medical equipment financing to the entire medical industry, even veterinarians.
Whether you’re a doctor or if you sell medical devices to medical offices, we offer financing programs that meet your financial needs, including:
Because of our special expertise in the medical industry, First Capital Business Finance is able to analyze your specific business needs and opportunities, maximizing the potential for the financing you need for growth. Need Durable Medical Equipment Financing? First Capital can help you, even if you have bad credit.
Same Day Loan Approval
Getting the loan you need is simple. Contact us & you can get prequalified for your loan on the same day!
Banks often offer financing at rates from 6% to 12%. Note that it’s really tough to get bank financing, though. This is because the rates are so low.
In other words, if just a few borrowers end up defaulting, the bank goes upside-down quickly. They don’t want that risk, so if they can find any reason to deny your application to protect themselves, they will.
Furthermore, it can take over a month to get approval through a bank.
In order to qualify for bank financing, you’ll want to make sure you have:
If you’ve got time to wait on the bank and have no problems with credit, it may be a good option for you.
If you don’t want to or can’t use a bank or dealer, you should start researching medical equipment loans or leasing.
Most websites only mention the lowest possible rate to draw you in, so make sure to call to get actual pricing before jumping in. Unless you have perfect credit, you likely won’t get that lowest possible rate.
Also, don’t fall for the “5% trap.” Some websites advertise their “5% rates” but beware – this does not mean the APR; it means 5% per year. Take a look at the difference below:
Payments for 5 Years on $50,000
Your credit and how long you have been in business can affect your rates. If you’re looking for $50,000 over a period of 60 months, you could expect typical payments of $1,041 for low risk up to $2,100 for high risk.
In the end, it’s always best to call the company and discuss your specific situation and what your rates would be.
What Our Customers Say
Same Day Loan Approval