| Medical Equipment is one of the easier sectors to | | | | supplier's sources. They should have a list of finance |
| achieve financing for. Banks, Credit Unions and leasing | | | | companies to choose from. It's sometimes better to |
| companies have a lot of faith in the industry and | | | | have your finance arranged before you go to the |
| therefore allow greater lines of credit to be infused into | | | | suppliers as you can get a better price and selection |
| the medical equipment industry. This guide will give you | | | | as you are not locked into one vendor. The next |
| a general outline in what is needed to get your medical | | | | option is to go online and search for medical equipment |
| equipment loan. | | | | finance companies. This should pull up about 10 finance |
| The first thing you should do is find your equipment. If | | | | companies and banks. Most of these finance |
| you are reading this guide you may already have a | | | | companies will be able to give you a rough estimate |
| specific piece of equipment in mind. Medical suppliers | | | | and turnaround time for a full approval but always stick |
| are all over the country and shouldn't be too hard to | | | | with a reputable company. Most finance companies |
| find. A simple search on Google should net you a good | | | | and banks will have you fill out an application and |
| pool of potential suppliers. Once you have a good list, | | | | provide them a specification sheet. If you have a good |
| try and check out their website and make sure they | | | | credit score and have been in business more than two |
| are selling what you are looking for. A lot of medical | | | | years you will have no problems. For newer practices |
| suppliers online will publish an equipment list. If not, call | | | | and weaker credits, you might have to supply |
| them and verify that they have what you are looking | | | | additional information like bank statements, cash flow |
| for and make sure you ask if it is new or used. You | | | | projections and a business plan. It's all about |
| don't want to drive all the way down there to find out | | | | presentation and a belief in the success of your |
| it's a used MRI when you needed a new one. Another | | | | business. Finance has never stopped a determined |
| good thing to do is research the company you are | | | | business plan. |
| buying from. This can be done by simply typing in | | | | In conclusion, don't be afraid to ask for help from your |
| "fraud [company name]" into Google. You can also | | | | supplier or financial representative. They are there to |
| look them up on ripoff report, complaints board and the | | | | help you and want to make sure you are happy with |
| Better Business Bureau. Now that you have your | | | | the equipment and loan. Hopefully this guide has given |
| equipment, let's look at your loan options. | | | | you some basic information on how to get the right |
| The next step is to secure financing for your | | | | equipment and the right equipment financing. |
| equipment. The first option is to check your dealer or | | | | |