Medical Equipment Financing for Startups

Adding financing options to your medical equipment supplier business allows for more clientele, including smaller medical startups. However, offering to finance can be a headache, so many suppliers don't provide in-house funding options. Traditional financing institutions either don't give enough money, reject financing, or have unaffordable rates that turn off startups.

We at Lease Point Funding Group are here to tell you that offering financing options is critical for your sales organization. Also, it’s entirely possible to have financing that’s fair and profitable for both you and your clients.

No Hard Credit Pulls

When you’re selling medical equipment to a new startup, they may have some credit issues already because they’re taking out other loans for their business. This situation is one reason why you may feel iffy about financing. It creates a mess for all sides, and it may ruin the credit of the client who needs it the most.

Lease Point offers same-day approvals without having to do a hard credit pull. So for your client, they'll feel safe knowing that we don't report to the credit bureaus. We understand that the credit system can be unfair, especially for startups, which is why we're doing our part to give your clients peace of mind when financing with us.

The Lowest Rates and Payment Deferrals

Many financing groups will approve fast, but there's a catch: sky-high interest rates with payments due ASAP. Your client, being a startup, may be skeptical of financing due to already drowning in interest rates, which will climb if they aren't paid as soon as possible.

Lease Point promises the lowest rates in the industry, all with an optional six-month payment deferral for qualified applicants. Our rates are as low as 5.99%, which is unheard of!  For example, traditional bank loans can be between 6-12%. In other words, a business owner may be paying double if they try the bank.

What’s not to like?

Get Your Money Now

Financing is critical for a medical startup, but one major issue is the approval process can take a really long time. When a client is getting a medical startup off the ground, they may not be able to afford to wait.

Our lightning-fast approvals can fix that. Within 24 hours, the equipment can be funded, and they're on their way to getting the new device they need!

Some loans, including SBA loans, can take up to 60 days to go through. Two months is too long for many entrepreneurs, which is why we’re here to give them a better option.

A Large Sum of Money Financed

Some traditional financing firms will not offer that much for consumers. They may offer only a consumer twenty or thirty thousand, which is not enough to pay for the medical equipment. With some equipment costing hundreds of thousands, consumer financing seems pointless.

LeasePoint offers $300K or more financing, depending on the situation. So when you offer financing with us, your clients will relax knowing they're in good hands.

We’ll look at each client carefully and give them the amount of money they deserve. In some cases, we may be able to offer far beyond what they’re expecting.

Access to the Latest Medical Equipment

Another reason to extend financing to your clients is to provide a way to attain the latest in cutting-edge medical equipment.

For a company that provides medical or aesthetic services, accessing the latest equipment that can streamline the process, cause less harm to the patient, and provide a more affordable solution is essential. Owning the latest medical equipment is a necessity, bottom line.

Equipment financing can help medical startups have access to the latest tech. With the latest equipment, the medical provider startup is more like to become successful, especially if the competition is behind the newest tech.

Exposure to Over 25 Banks and Lenders

LeasePoint works with over 25 banks and lenders to provide a medical startup the best possible choice in a loan. We work relentlessly to negotiate a fair loan that carries on the savings to your clients.

Because we work with so many different banks, we can match and even beat the rates from our competitors. So we're here to give a startup the best possible rate to finance their equipment.

Multiple Lease Options

We should mention that we offer our clients many options for equipment leasing as well. Your clients can choose a lease that’s comfortable for their financial situation, and it’s possible to change the terms of the lease later on.

We Can Meet With Your Clients

Finally, we can set up a meeting with a client who needs financing for their business. By setting up an appointment, we can connect with your clients through face-to-face interaction. We'll discuss their needs for their business, and we'll explain how we can help. Offering white-glove meetings gives your client more security, and yet another reason you should finance with us.

Contact Us for More Information

If you're a medical equipment vendor, adding us as a financing option can help you land more clients than without financing. On all sides, everyone wins. When you offer financing from LeasePoint, you’re helping a business get the equipment they need to run their operations.

For more information, contact us. You can learn more about our services. We’re looking forward to your inquiry.