Non-Negotiables When Choosing a Lender

When you’re searching for lenders to help you finance your medical equipment, consider it like dating.

What do we mean by this? What we mean is that you should have standards while you're on your hunt. Please don't be so desperate you choose anyone, as you may regret it later. Certain terms are non-negotiable, and you need to consider them. These include:

Not Having Experience In Your Particular Field

One factor you cannot negotiate is if the lender lacks experience in your particular field. If the lender doesn't have experience in or lacks care for your domain, you may want to back away. This rule applies even more to the field of medicine.

Medical equipment is a marketplace where the cost of it can vary depending on many different factors. Therefore, someone without experience in this field may lend you too little or too much for the equipment. Meanwhile, an expert in your area will work with you to find the best amount to lend you.

Also, a lender who has experience in your field can help you save time. If they lack experience, the lender may spend extra time researching. Meanwhile, an experienced lender can give you the answer right away.

Lease Point is an experienced lender that has expertise in the medical field. If you have questions, we have answers.

Only Crunching the Numbers

When dealing with a lender, some will be empathetic, listen to your story, and base their decisions on that.

Others are number crunchers. In other words, they'll look at your credit score and determine if you have eligibility. After that, everything is by the book. These lenders tend to be less friendly to people starting their business, and these lenders tend to be predatory with their loans.

When you're an up-and-coming medical professional, you may have some debt and not enough experience with your company. However, if you have a story and a plan, the lender should listen to you.

Lease Point offers approval without needing to pull hard credit numbers. We're a lender that will listen to you. We prefer meeting with our clients so they can tell their stories. So while the numbers are a factor, our clients' stories are an even more significant factor. We'll work with you to get the best loan, regardless of your situation.

Not Giving You A Payment Deferral

When you take out a loan, you should be allowed to defer your payments without worry. A lender should give their clients enough time to operate their business and obtain the money needed to pay off the loan for a startup.

Some lenders will demand immediate payment, with interest rates that climb whenever a client cannot make the payment immediately. Lease Point does it differently. We have a six-month payment deferral for all applicants that are qualified for it. With Lease Point, you don’t have to worry about getting money for your payment right away.

They Are Slow With Approving Your Application

In the current year, having slow approval speeds is just unacceptable. You need money now, not next month. Some lenders can take a month or even more to approve your application. We know a lot can happen in a month, which is why a suitable lender will give you speedy approval.

Lease Point offers same-day approval, allowing you to get your money as soon as possible. Our speedy approval occurs all without the catch of sky-high interest rates.

Their Interest Rates Are Not a Single Digit

Interest rates are variable depending on many factors, such as the length of the loan, income, and more. However, if your interest rate is above 10%, that is something you can’t have. As a result, you may end up paying a lot more than expected with a high-interest rate.

Some lenders may offer to finance quickly and seem accepting of all situations, but they may strike you with loans that have sky-high interest rates. At Lease Point, we offer interest rates that are as low as 5.99%. We believe in fair, transparent rates. That's something non-negotiable to us.

Not Offering Enough Funds

Another non-negotiable is if the lender only agrees to cover part of the cost of the medical equipment. When you’re starting your business, you may need all of the equipment’s costs financed.

The latest equipment can cost hundreds of thousands of dollars. Not only that, but to have a successful business, you need the newest equipment. In addition, with many of our clients being in the plastic surgery business, the latest equipment means better results for clients.

At Lease Point, we offer $300K or more. We'll work our hardest to help finance every cent of the equipment you need. Once that equipment is in your hands, we know that you will work your hardest to make the money needed to pay off your loan. Some of the equipment we have helped finance include the Cynosure Tempsure, BTL Emsulpt NEO, and many of the top medical gear you need.

With plastic surgery being a big business in America, we know you'll pay back the loan in no time.

Poor Customer Service

Finally, you want a lender that has outstanding customer service. Unfortunately, many lenders sacrifice good customer service, so if you reach out to ask a question, you may deal with emails that are never answered, long hold times, and you have to deal with people uninterested in your situation.

Lease Point knows that you need a loan now, so we’ll work with you like you’re the only customer we have. Our winning team will respond to your questions ASAP, answer your calls quickly, and help you with every question you have.

Contact Us

So if you're ready for financing where you don't have to worry, contact Lease Point. We've worked with many medical professionals like you to deliver the best in-house financing experience possible. Contact us for more information. Don't be afraid to tell us your story. We'll listen to you and contact you as soon as we can.