JB&B Capital is a commercial lender providing equipment financing for businesses.
When you’re running a business in the medical field, it’s essential for the health and well-being of your patients that you always have the most updated equipment to get reliable results. However, it can be expensive to constantly purchase new medical equipment, and it can hit your cash reserves hard. Commercial lending for medical equipment can make it easier to get the items you need now.
Medical Equipment Financing Can Help Supply Your Business Needs
A medical equipment loan is a financial product that helps medical professionals buy the equipment they need without paying out of pocket. This can include professionals like doctors, dentists, surgeons, and other specialists in the medical field. Medical equipment financing allows medical offices and businesses to make large purchases to avoid paying large amounts of on-hand capital.
How Does Financing for Medical Equipment Work?
With medical equipment financing, a commercial lending company provides you with the funds to buy necessary equipment. You make installment payments over the life of the loan to repay it.
In many cases, the medical equipment serves as collateral for the loan. If the equipment is in excellent condition and priced well, you might be able to get a medical equipment loan for the full amount of the equipment without a down payment.
Medical equipment financing normally requires many documents and information you’ll need to have ready to include with the application. Alternatively, JB & B Capital offers approvals for up to $300,000 with just an application – no need for a stack of documents and records – so you and your team can easily and quickly get the funds you need for potentially life-saving equipment, without keeping your patients waiting.
Benefits of Medical Equipment Financing for You
When you’re working with older equipment even when it isn’t outdated, it can be frustrating. Sometimes, you might need to redo tests and cause additional discomfort for your patients to ensure that you have accurate results.
You might feel like you can’t afford the new equipment that you need, which makes medical equipment financing such an exciting option. You’ll enjoy many benefits when you choose a medical equipment loan, including:
Tax Savings
Each year, you have to pay taxes, and while you don’t mind paying your fair share, you’re always looking for ways to lower your tax bill. When you opt for medical financing, you can choose to write the full purchase price off your taxable income the first year, or you can deduct the payments and interest and depreciation of the equipment off your taxable income over several years.
Patient Comfort
As a medical professional, you always want to offer your patients the best care possible and have them feel comfortable with your services. Outdated medical equipment can cause patients to question the reliability of the results.
In some cases, you might need to subject the patient to further testing because of older equipment that can’t provide all the answers. New equipment with medical equipment financing adds to the comfort and reassurance of your patients.
Latest Technology
When it comes to a medical office, new equipment, and the latest technology is more than the latest update for a computer. The latest technology can open up a new world of information and help you better serve your patients. New equipment helps you provide better care for patients and helps to determine necessary treatments faster.
Custom Financing for Your Medical Equipment
You understand the financial needs of your medical practice more than anyone, and you know the type of equipment that will most benefit your practice. Commercial lending for medical equipment allows you to pick the equipment you want while helping you create a medical equipment loan and terms that are easy for you to honor.
How to Apply for Medical Equipment Financing
Medical equipment financing helps medical professionals afford the equipment you need when you need it. This benefits you in many ways, including tax breaks, the latest technology, and the custom financing solution that works for you. At JB & B Capital, we’re ready to help you get your new equipment – visit our contact page or email sales@jbbcapital.com today to learn more!
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