Medical Financing In Bethesda, MD With Asset Based Lending

March 31, 2017 by CNH Finance, LP in category “Financing”

Finding adequate medical financing in Bethesda, MD is a challenge for both large healthcare centers and independent practitioners. With traditional lending channels offering debt based programs, and requirements for said programs becoming more restrictive, where can healthcare providers turn? The truth is, asset based lending provides medical financing in Bethesda, MD without the restrictions of traditional bank loans.

The Limitations Of Loans

Healthcare providers frequently seek out loans when trying to secure medical financing in Bethesda, MD. Loans may provide short-term financing, but can leave practices with a larger strain on finances. Banks have certain requirements specific to credit ratings and financial history before they will consider healthcare providers for financing. Loans offer a limited amount of working capital to healthcare providers, after which, debt remains until the loans are repaid. Credit ratings remain impacted until the debt is removed, and the cost of the monthly installments can place a strain on finances, which can lead to needing more loans.

Using Asset Based Lending For Medical Financing In Bethesda, MD

Over the past few years, more healthcare providers have been turning to asset based lending for medical financing in Bethesda, MD. Asset based lending leverages the value of fixed assets for medical practices, such as equipment, receivables, vehicles, inventory, facilities, and more. The total value is then used to create a revolving line of credit, which acts as a source of working capital which can be renewed as it is used. Additionally, asset based lending gives healthcare providers medical financing in Bethesda, MD without having to take on debt. Private practices, large hospitals, and everything in between can get the working capital they need without having to take on unnecessary debt.

Medical Financing in Bethesda, MD That Promotes Growth

Asset based lending is designed to encourage and promote growth. Local healthcare providers who use asset based lending for medical financing in Bethesda, MD have a big advantage over those relying on loans. As healthcare providers acquire new equipment, move into larger facilities, see an increase in receivables, or perform buyouts and mergers with other practices, asset based lending will also increase. The spending limit will grow along with the practice.

Get The Best Medical Financing In Bethesda, MD

CNH Finance specializes in asset based lending solutions for the healthcare industry. If you are looking for medical financing in Bethesda, MD but want to avoid the entanglements of loans and other debt structures, contact our offices.

Image for 'Healthcare Financing Options: Breaking Down the Pros & Cons'
Healthcare Financing Options: Breaking Down the Pros & Cons

There are a number of healthcare financing options available for small private practices, large hospitals, and everything in between. With the most popular healthcare financing options,…

Image for 'The Impact of Inventory on Business Financing'
The Impact of Inventory on Business Financing

From large manufacturers to import/export companies to niche online stores – inventory plays a vital role. Without inventory, businesses cannot fill customer orders. However, without…

Image for 'Working Capital: Financing Sources Are Not All The Same'
Working Capital: Financing Sources Are Not All The Same

Working capital is essential to the success of every business. However, finding a reliable source of working capital can be a challenge unto itself. Many of the working capital solutions…

Image for 'Asset Based Solutions Are Helping To Boost New Businesses'
Asset Based Solutions Are Helping To Boost New Businesses

Asset based solutions Have long been a staple for business owners trying to position themselves for growth. But what about new businesses? The truth is that most new businesses cannot get…

CNH Finance
24 East Ave #1285
New Canaan, CT 06840
Phone: (203) 266-3210

Business Development
Long Beach, CA 90803
Phone: (562) 833-7815

Business Development
3334 E. Coast Hwy, Suite 541
Newport Beach, CA 92625
Phone: (714) 520-1788

Melinda Ficek
mficek@cnhfinance.com

Maryland Office
3 Bethesda Metro Center, Suite 723
Bethesda, MD 20814
Phone: (301) 529-9993

Steve Silver
ssilver@cnhfinance.com

Business Development
5050 Quorum Drive, Suite 700
Dallas, TX 75254
Phone: (972) 687-9157

Rossi Felix
rfelix@cnhfinance.com