¹ Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile. Finance amount may vary depending on the applicant's state of residence.
² BHG Money business loans typically range from $20,000 to $250,000; however, well-qualified borrowers may be eligible for business loans up to $500,000.
³ This is not a guaranteed offer of credit and is subject to credit approval.
Testimonial(s) based on unique customer experience. Individual customer experiences may vary.
For California Residents: BHG Money loans made or arranged pursuant to a California Financing Law license - Number 603G493.
IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you.
Business Loans
Tailored commercial financing with amounts up to $500K1,2 and flexible terms of up to 12 years1
Turn business debts into one fixed and affordable monthly payment
Existing business investment loan
Upgrade and expand your current business to increase your bottom line
Buy into a business or develop passive income opportunities
Boost your liquidity to finance all of your business needs and initiatives
Personal Loans
Customized consumer financing with amounts up to $200K1 and flexible terms of up to 10 years1
Turn personal debts into one fixed and affordable monthly payment
Remodel your kitchen and bath, add a pool, or make other upgrades to your space
Pursue multiple goals with one comprehensive financial solution
WAYS TO USE YOUR LOAN
Give your practice the boost it needs to grow
Relying solely on existing cash flow can limit your business’ ability to grow. With a Medical Practice Loan from BHG Money, you can achieve your expansion goals and unlock your practice’s full potential.
As a prestigious healthcare professional, you have many options when it comes to your financing needs. But only BHG Money offers large loan amounts with the flexibility you need to launch multiple expansion initiatives at once.
Expansion initiatives you can finance
- Facility improvements
- Patient experience upgrades
- Office relocation or expansion
- Additional locations
HELPFUL THINGS TO KEEP IN MIND
How to tell if you’re well-positioned for expansion and potential next steps
The best practice owners are always looking for ways to improve their businesses and understand that it often takes money to make money. The question is: How do you know it’s the right time to grow your business? Here are some common signs you can look out for as well as questions to consider as you contemplate expansion.
Key indicators you’re ready to expand
- Your practice is running like a well-oiled machine with little to no down time.
- Your services stand out compared to those of your competitors.
- Patients are returning at a high rate and filling up your schedule well in advance.
- Cash flow is strong.
- New potential patients are on a waiting list.
- You're supported by experienced staff that oversee the day-to-day management of the practice.
- Patients are requesting a service that your practice currently doesn’t offer.
- You have outgrown your current resources or office space.
Questions to consider prior to expansion
- Do you believe you will gain new patients by expanding?
- Will you retain your loyal patients while you work through the transition?
- Will expansion lead to economies of scale (increased savings as a result of a higher level of production)?
- Do you have a strong management team and reliable staff?
- Do you plan to treat additional patients yourself or bring on another provider?
Answering these questions will allow you to weigh the benefits and drawbacks of growing your practice and formulate specific actions you must take to ensure a seamless expansion.
“All my experiences with BHG have been outstanding. They make everything very easy.”
- Dennis Sierra, DMD
MEDICAL PRACTICE LOAN FEATURES
Premium financing for medical professionals
We offer a unique combination of large loan amounts and extended repayment terms,1 providing you with affordable monthly payments. You’ll also experience a simplified lending process with dedicated concierge service.
