7 Smarter Ways to Increase Your Practice or Pharmacy’s Cash Flow

Independent healthcare professionals—dentists, veterinarians, physicians, pharmacists, and other medical practitioners—face rising business debt and high monthly payments. Instead of constant borrowing, strategic financial moves can immediately boost your cash flow. Here are seven smarter and quicker ways to free up working capital today:

1. Lower Your Current Interest Rate

Refinancing your business loan to secure a lower interest rate can significantly reduce your monthly payments. Even a modest rate reduction—such as 50 basis points—translates to thousands of dollars saved annually. With strong credit and practice or pharmacy equity, you may qualify for far better terms than when you first secured your loan.

2. Lengthen the Term of Your Debt

Extending your loan term can drastically reduce monthly payments, giving your practice or pharmacy more financial flexibility. By stretching repayment over a longer period, you gain immediate cash flow relief while keeping your dental, veterinary, medical practice, or independent pharmacy running smoothly.

3. Pay Off Seller Notes from a Previous Acquisition

Many healthcare professionals and independent pharmacy owners acquire their businesses through seller-financed deals, often with high-interest rates and short repayment periods. Refinancing these obligations with a longer-term, lower-rate loan can reduce immediate cash outflows and improve profitability.

4. Refinance Your SBA Loan with a New Conventional or SBA Loan

If you have an existing SBA 7(a) loan, refinancing with a new SBA loan or a conventional loan can help you take advantage of better terms. A new loan with a longer repayment term and a lower interest rate means lower monthly payments and greater cash flow for your practice or pharmacy.

5. Convert an SBA 7(a) Loan into an SBA 504 Loan

If your SBA 7(a) loan was used for real estate or large equipment purchases, transitioning to an SBA 504 loan can provide substantial savings. The SBA 504 program offers fixed, lower interest rates and longer repayment terms—freeing up thousands in monthly cash flow for your dental, veterinary, medical practice, or independent pharmacy.

6. Acquire a Competitor or Another Practice/Pharmacy

Expanding your business by acquiring a competitor or another location can lead to significant long-term financial benefits. By leveraging financing options, you can grow your market share, increase revenue, and improve operational efficiencies. Whether it’s acquiring another pharmacy, dental clinic, veterinary practice, or medical office, strategic expansion can boost profitability and cash flow.

7. Add Additional Services to Increase Revenue

Expanding your service offerings can generate additional income and attract new customers. For example:

• Pharmacies can introduce vaccination clinics, medication therapy management, or specialized compounding services.
• Veterinary practices can add pet boarding, grooming, or wellness plans to increase recurring revenue.
• Dental practices can offer cosmetic procedures, expanded preventive care, or membership-based wellness programs.
• Medical offices can introduce telemedicine consultations, weight management programs, or specialized diagnostics to drive additional patient visits.

Act Now for Immediate Cash Flow Relief Each of these strategies can help you reduce expenses and increase liquidity, allowing you to reinvest in your practice or pharmacy’s growth. If you’re ready to explore refinancing, expansion, or revenue-enhancing opportunities, now is the time to act. A better loan structure and business strategy today mean stronger financial stability tomorrow!

Should you know of a friend or colleague who could benefit from these planning strategies, please don’t hesitate to reach out. We offer a referral partnership program you won’t want to miss!

Now that the SBA Stimulus Programs Have Ended — Now Is The Time To Refinance Your Variable Higher Rate SBA Loan and Other Debt!

If you’ve been waiting for the perfect time to refinance your higher rate SBA or other funding loan, and increase your cashflow, now is the time before rates start going up! If you’ve had your SBA loan for 24 months or more, and want to expand your pharmacy, dental, veterinary, or healthcare practice, this could be your chance to shine. A lower fixed rate conventional loan could be what just the doctor ordered!  Be able to budget by fixing your rate and lowering your overhead at the same time. A low fixed rate conventional loan will not require any personal assets to be pledged.  SO, you may even be able to free-up any personal assets that were originally pledged with your SBA loan.

Paying Down Debt

If your monthly bills are breaking your budget, you likely have a little more debt than you can afford. How can a new fixed rate conventional loan solve your debt problem? By consolidating old debt into newer, lower, fixed interest debt, you can save thousands. Even better, you can avoid late fees or credit dings by having the resources to pay your obligations promptly.

Finding the Best Employees

Human labor is in short supply these days, especially for healthcare and pharmacy professionals! Financing recruitment and training can be a challenge, but a lower rate conventional loan makes it much easier. Offer your new employees something the competition can’t and finance it with a fixed rate loan.

Expanding Your Technology

Practice and pharmacy technology doesn’t just make your business look good, it streamlines operations and ensures that you are working efficiently. Some technology opens up new revenue streams and services for your clients and patients, paying for itself over the years. This opportunity and decreased cost of funding could be your chance to stand out from the competition and bring in new business.

Act now and secure a low fixed rate conventional loan! Call US Medical Funding today to get the best terms and the best guidance on healthcare and pharmacy financing solutions.

The SBA is Waiving Guarantee Fees on Some Loans — Here’s How Your Money Could Be Better Spent!

If you’ve been waiting for the perfect time to get a veterinary, dental, healthcare practice or pharmacy loan, or other funding for your small healthcare business, you’re in luck! The Small Business Administration has waived the guarantee fees for small SBA loans, including those under $350K! If you have a startup, want to expand your pharmacy, or need money to fund your dental, optometry, or veterinary practice, this could be your chance to shine. What can you spend your money on that is better than guarantee fees? Keep reading to find out!

Paying Down Debt

If your monthly bills are breaking your budget, you likely have a little more debt than you can afford. How can a new loan solve your debt problem? By consolidating old debt into newer, lower-interest debt, you can save thousands. Even better, you can avoid late fees or credit dings by having the resources to pay your obligations promptly.

Finding the Best Employees

Human labor is in short supply these days, especially for healthcare and pharmacy professionals! Financing recruitment and training can be a challenge, but the SBA loan makes it much easier. Offer your new employees something the competition can’t, and finance it with an SBA loan.

Expanding Your Technology

Medical technology doesn’t just make your practice look good, it streamlines operations and ensures that you are working efficiently. Some technology opens up new revenue streams and services for your clients and patients, paying for itself over the years. This opportunity and decreased cost of funding could be your chance to stand out from the competition and bring in new business.

Ready to get a great deal on a SBA Loan? Act now and lock in savings when your guarantee fee is waived! Call US Medical Funding today to find the best rates on medical loans and the best guidance on medical financing solutions.

Here’s How The Nations Top Lenders Suggest Planning Your Lending and Investment Needs in Today’s Financial Economy

The state of finances in today’s economy is all over the place—and much different than it has been in the past few decades. How do the nation’s top healthcare practice lenders suggest you plan for your lending and investment needs given this economy? With careful attention to detail, and innovative financial strategies specifically chosen for our current world. Keep reading to find out whether you should take out a loan, save your money, or spend your cash fast!

Healthcare Practice & Pharmacy Loans Are More Appealing Than Ever

Loan rates are lower than they have been for decades, including professional healthcare practice, pharmacy loans and a variety of other loans in the healthcare field! If your dental office, veterinary clinic, pharmacy, or healthcare practice needs funding, you probably won’t find a better loan than you can find now! Financial advisors and healthcare lenders have been waiting for this bubble to pop for months now, but it keeps holding out—get some peace of mind and get a loan at these ultra-low rates!

Save Saving For Another Day

The flipside of healthcare practice loan rates? Savings and investments are low. While some big players are seeing success in the stock markets, your average high-yield bank accounts, CDs, and other safe investments aren’t paying out well—most are below the rate of inflation! Save saving for another day.

Make Your Cash Work For You!

What do you do with your cash on hand if you don’t save it? Spend it—wisely! When you invest in new technology, employee training, or space to expand your existing pharmacy or practice, you can turn today’s cash into tomorrow’s earnings. Whether you are planning an office upgrade or putting a down payment on commercial real estate purchases, consult with an expert in professional practice financing to get the best results.

Ready to make your money work for you? Check your business budget, then call US Medical Funding today!

This is How Longer Loan Terms Make Your Loan More Affordable

When many healthcare professionals seek veterinary, dental, medical or independent pharmacy loans, they assume that the best loans will have the lowest interest rate and get paid off the soonest. This is true, but only to an extent! By this logic, the best choice is to finance the majority of your own project as much as you can, up to 100% and avoid any sort of interest, but for most healthcare professionals, this just isn’t an option! In fact, many new doctors and savvy practice managers know that a longer loan term can actually make your loan more affordable and open new doors for your practice or pharmacy. Keep reading to see why!

1. Lower Monthly Payments.

It is true that longer loans typically end up costing you more in terms of total dollar amount throughout the life of the loan. But is your money really worth as much across time? Ask any seasoned practice or pharmacy owner, and they’ll tell you that a dollar was much more valuable at the start of their business than once it was established and bringing in regular revenue! When times are tough, every penny counts, and when you’re borrowing money, you want to make sure you maximize this value! That means keeping more cash on hand and less tied up in monthly expenses.

2. Improved Credit.

Your healthcare practice and pharmacy’s credit depends on many factors, but your debt utilization and repayment obligations are some of them. By spreading out your debt obligations over time, you can assure creditors that your business can meet its demands, improving your credit and opening opportunities for new and different offers. A skilled healthcare practice and pharmacy lender in NJ can help you find the perfect loan for your practice!

3. Relaxed Cash Flow

Look at that—a fellow practitioner is selling all the furniture and equipment from her practice! If you had spare cash on hand, you could buy it at an amazing price. Can your cash flow support these sorts of special opportunities? When cash flow is tight, your business is limited. Relax that cash flow with a healthcare practice or pharmacy loan from US Medical Funding and take advantage of every opportunity that comes your way.

Ready to start lowering your monthly debt obligations? Start planning for a successful, long-term future when you explore longer loan terms. You need an experienced practice and pharmacy lender to structure and secure the ideal business loan, so call US Medical Funding today!

Pet Ownership Boomed During the Pandemic — See How Additional Funding Helps Your Veterinary Practice Grow

During the COVID-19 pandemic, people were busy staying at home and sanitizing everything in sight. What else did they do? For many people, adopting a new puppy, kitten, or other pet was a popular choice! For many veterinarians, this has resulted in a boom of new furry friends to be treated. Could additional funding help your veterinary practice grow? Keep reading to see how a veterinary practice loan could grow your office to new levels!

Expanded Practice Space

Between social distancing and your general desire to keep your animal patients safer, you need plenty of space in your veterinary office waiting room! Could your business benefit from a move to a bigger space, or an expansion to your existing structure? Some veterinarians have even been able to add more exam rooms, making room to hire another veterinary professional, or to offer additional services such as grooming.

Marketing and Advertising

New pet owners need to know where you are located and what kinds of services you provide! Unfortunately, marketing and advertising your veterinary practice can be costly. You won’t see a return on your investment until you invest, so finding an affordable veterinary loan is a good idea.

Specialty Services

Is there anyone in your community who treats exotic animals? Do you offer the emergency-use vaccination for “bunny ebola,” or rabbit hemorrhagic disease virus 2 (RHDV2), the highly-contagious rabbit disease that wiped out an entire rabbit boarding office in Manhattan in 2020? Does your office offer parasite treatments for turtles? Does your veterinary clinic have an in-house pharmacy? Specialty services can involve costly materials, trainings, and certifications, but if your clinic is established as the only specialty veterinary practice in your area, you can see huge benefits!

There has never been a better time to open a start-up veterinary clinic, or to seek a veterinary practice loan to expand your existing veterinary office! With low rates and many special deals, you need to act fast to capture the business of all the new pet owners. US Medical Funding can help you find the best loans for your veterinary business, so give us a call today!

Using an SBA Loan As A Temporary Tool

Are you starting up, expanding, purchasing, or just need a boost in cash flow for your pharmacy, veterinary, dental, optometric, or healthcare practice? Are you lacking the necessary capital or down payment?  Don’t want to include your personal residence as collateral?  Having a difficult time qualifying for a conventional loan for your pharmacy or practice start up? Many of the best small business owners find that they lack collateral, have not been in business long enough, or have lower credit scores than their colleagues, which could put you at a disadvantage. New business owners can struggle to come up with large amounts of cash for down payments, and may only have projections of their future earnings, which often is not enough to qualify your startup or healthcare practice acquisition for a conventional loan. Fortunately, you have another option—you can use a Small Business Administration (SBA) loan in the meantime!

SBA loans offer you unique options, such as providing an opportunity for the seller to carry a portion of the down payment or financing, giving you refinance options over a longer term that can provide an immediate increase in cash flow, or provide the chance for you to acquire real estate with your pharmacy or practice acquisition. When you work with a specialized healthcare lender that provides both Conventional & SBA financing, you have so many more options and resources available.

While an SBA loan will get you started, off the ground, and provide a temporary solution, they also have drawbacks. Usually, these loans come with higher rates, and these rates are often variable. This gives you even more motivation to demonstrate strong management skills and business success, boosting the credit and financial strength of your small business. After 24 months, you can refinance to take advantage of lower, fixed-rate, conventional loan—yet another chance to get an immediate boost to cash flow, saving you thousands over the term of your loan.

Are you ready to bridge the gap between “new business owner” and “seasoned healthcare business owner” today? Call US Medical Funding for an effective loan solution for your pharmacy or healthcare practice needs!

Shrink Your Debt and Grow Your Medical Practice with Debt Consolidation and Refinancing!

If you own a business in the medical field, such as a pharmacy startup, specialty clinic, family doctor’s office, or any other medical practice, you need to pay close attention to your finances. In fact, the way that you use your medical debt could make or break your business! That’s why the team of smarter lenders at US Medical Funding is here for you. Today, we’ll share some tips to help shrink your debts and build your medical practice stronger than ever with debt consolidation and refinancing services.

Consolidate Carefully

One of the best moves that many medical practice managers can make is to consolidate debt. Instead of handling different bills with different due dates, ballooning rates, and multiple “dings” on your business credit report, a well-planned consolidation will streamline your debts into a single payment. When you work with a smarter medical lender in NJ like US Medical, you may find that your years in business have given your more bargaining power—in other words, lower rates!

Refinancing Tips

Even if you just have that one monster payment, refinancing your loan can still be a smart option. The loans you took when you first started your medical practice may not reflect your current status, or all the good, on-time payments you have made over the years! By refinancing your medical practice loans, you can take advantages of today’s incredible rates, and often get some extra cash in your pocket.

Jump When The Opportunity Arrives

Speaking of extra cash, debt consolidation and refinancing may be your time to jump on the active healthcare market now! Many of the best loans have options for additional funding, which may be your practice’s answer for a new telehealth system, technology upgrade, medical equipment purchase, or training initiative.

Don’t let today’s great rates and opportunities pass you by! Call US Medical today to start planning the future of your medical practice!

Top Benefits of Using an Attorney When Buying a Pharmacy or Healthcare Practice

If you’re looking to buy an independent pharmacy or healthcare practice, you may think you’re ready just by knowing the local competition and having familiarity with pharmacy or practice management. But did you know that there are many legal, business, and real estate-related concerns that you need to take into consideration? At US Medical Funding, we always encourage our pharmacists, veterinarians, dentists, medical and healthcare professionals to seek the best experts to advise in financial matters, and when buying a pharmacy or practice, it’s no different. In fact, we like to encourage all our clients to seek the advice and representation of a skilled lawyer before finalizing your purchase. Here’s how an attorney improves your pharmacy or healthcare practice acquisition!

Irregularities on the Pharmacy, Practice or Commercial Property

The most important thing an attorney can do for your pharmacy, practice or real estate acquisition process is to help you free and clear-out any property irregularities to ensure a smooth and seamless sale. Pharmacies, veterinary, dental, medical practices and even older real estate properties found in many areas nationwide often have some of these challenges. Fortunately, these problems are much less likely to interfere with your pharmacy, practice or real estate acquisition when a skilled attorney assists you.

Outstanding Debts on the Assets Being Acquired

Does your pharmacy, practice or commercial property come with some strings attached? Unpaid obligations, promissory notes, liens, or even possible judgements associated with the business or property will have to be handled prior to the sale being completed. For a novice in pharmacy or practice acquisition, this could set your sale back by weeks or even months! However, a skilled attorney who has worked with other pharmacy or practice sales in the past can very beneficial and shorten this process tremendously.

Less-Than Perfect or Low FICO Credit Score

We can’t blame the pharmacy, practice or property for everything! If you are interested in buying a pharmacy, healthcare practice or commercial property, but your personal credit or your business’s credit isn’t strong enough, you need extra help. Working with a skilled attorney who has handled pharmacy, practice and real estate sales in the past can make your process much smoother.

US Medical Funding provides very competitive pharmacy, healthcare practice and commercial real estate loans and financing options to pharmacists and healthcare professionals throughout the nation. We help all our clients make smarter lending decisions by securing the best terms and partnering with the best professionals in the field. Call 800-683-0608 to make your next pharmacy, practice, and real estate purchase successful!

Consider These Top Tips for Expansion by Acquiring Real Estate!

Do you own an independent pharmacy, dental, veterinary, optometry, medical, or other healthcare practice? Financing for pharmacists, dentists, veterinarians, or other types of physicians or medical professionals, can be a challenge. But fortunately there are many different ways to accomplish your endeavors. While most people’s minds jump right to a pharmacy or healthcare practice acquisition loan, many times you can get better rates and terms, by thinking outside the box! The experts in smarter healthcare practice financing at US Medical Funding want to share a creative way how to expand your practice by acquiring real estate! Keep reading to see how owning real estate can expand your practice!

Make Room by Having Additional Space

One of the most obvious benefits of acquiring a commercial property for a pharmacy or healthcare practice is all the extra room! Not only will your staff and patients feel more comfortable in an airy space that allows for adequate social distancing you’ll find your pharmacy or practice has extra rooms for hosting additional services, adding new robotic equipment, additional waiting space, and the opportunity to increase your patient load. For example, an extra exam room or conference room to provide Covid testing, different types of vaccinations, diabetes screening, or weight loss seminars, will differentiate yourself from the competition, and can be very valuable to an independent pharmacy or medical practice. More space will provide your pharmacy and practice more options. This means more patients, and increased revenues!

Better Terms Providing Increased Cash Flow

Commercial real estate loans typically have better rates, conditions, and longer terms. This is especially beneficial when starting up brand new. When including real estate in your start-up project, it will provide a longer term, lower interest rate, and a lower monthly payment which will provide lower overhead and increased cash flow immediately. This is a major benefit and cash flow is key for any pharmacy or healthcare practice!

Plan for Future Sales & Retirement

A final element to consider when expanding your pharmacy or practice through real estate is the future sale of your business. When you eventually decide to turn over the keys and ownership, will you sell just your pharmacy or practice and rent the property providing a nice nest egg for your retirement or will you sell the property with it? In any case, a real estate investment is usually a very smart choice. When you expand the physical footprint of your pharmacy or healthcare practice, you increase its value, potentially earning you more on the future sale!

Ready to grow your pharmacy or medical practice today? Consider the needs for your business, then find a smarter financing solution from the financing experts at US Medical Funding!

Term vs Rate: Which has More of An Effect on Your Pharmacy or Healthcare Practice Cash Flow?

No matter if you operate an independent pharmacy, veterinary, dental, optometry, medical, or other healthcare practice, one question that many clients of US Medical Funding ask is “what is more important for my practice loan, the term, or the rate?” Like most things in pharmacy financing and practice financing, the answer is “it depends,” and it depends largely on what is most important to your specialty. A pressing issue for many pharmacists, veterinarians, dentists, optometrists, doctors, and healthcare practitioners these days is their cash flow. So, today we’ll talk about what has the greatest effect on the cash flows of your pharmacy or healthcare practice!

Define Your Terms: Term, Rate, and Cash Flow

Just to be clear what we are talking about… let’s have a quick review of some financing vocabulary. The term refers to the amortization of your loan, or the schedule that you make your payments on. Shorter terms are usually associated with higher monthly payments. The rate refers to the interest rate, or how much extra you will pay over the life of the loan. Many people think the interest rate is the most important thing, but there are many factors involved. Finally, your cash flow refers to the cash that moves in and out of your business.

A Delicate Balance

In general, longer terms go with higher interest rates. On the other hand, longer terms often go with lower monthly payments—meaning more cash in your business bank account each week. This is because your pharmacy or healthcare practice lender takes a bigger risk by not asking you to repay the debt as quickly. You will often end up paying more over the life of the loan but will have more cash on hand for your business when you need it most. After all, if you could pay cash for your business debt, you wouldn’t need to pay a lender at all! If you choose a loan with a shorter loan term, your rate is likely to be lower, but your monthly payments higher. You will be able to pay your debt off sooner and may save some money over time. However, you will be obligated to pay a higher payment each month, reducing your cash flow. So, with rates being as low as they are today, depending on what you are looking to accomplish, you may want to take advantage of the longest terms available and grow your business. Today money is “on sale” and cash flow is king!

Other Factors

Rate and term are not the only things that are important to consider! Some loans have “balloon” options, where the rates or terms may change, and others lock you into their terms with strict covenants and restrictions on extra principal payments. When your pharmacy or healthcare practice takes off and earns enough to pay the loan back in a year or two, you may still be held to the original interest amount, just like if you paid it back over many years. If you want the option to pay your loans off early without extra prepayment penalties, sometimes a loan with a slightly higher rate would be better.

Now that you have this information, how can you choose which is more important? The answer all depends on your unique needs. Consider what factors are most important and talk your decisions over with an expert in pharmacy or healthcare practice financing. US Medical Funding has helped so many pharmacists and healthcare professionals start or acquire their practice. We would love to help you find the best financing solutions as well!

Avoid These Mistakes and Realize Strong Returns with Your Pharmacy or Healthcare Practice Start-Up

If you are starting up a healthcare business, such as an independent pharmacy, veterinary hospital, dental or optometry practice, you probably have two main goals in mind: Providing skilled services to your patients and earning enough profits to enjoy a comfortable lifestyle. After all, your business is your income! So how can you ensure a strong return on your investment when starting-up? Avoid these pitfalls and you’ll be off to a great start!

Taking on More Debt Than Your Cash Flow Can Support

By far, the biggest challenge that pharmacy and practice financing experts run into is owners and practitioners who have taken on more debt than their revenue and cash flow can reasonably support. It takes time to build revenues. For example, after your first year of ramping up, if you forecast that your start-up will produce $500,000 in revenue year 2, don’t borrow $750,000+. In other words, do not over leverage yourself. Nobody wants to be pessimistic but be conservative with your projections. Depending on what type of practice you are starting-up, be prepared for a 12- 24 month breakeven period. Carefully analyze your demographics, the competition, and the costs of starting-up in the location you choose. Be certain to have a sufficient amount of financing available to reach your breakeven point.

Not Working With a Specialized Lender in Your Particular Field

If you’re a pharmacist, veterinarian, dentist, optometrist or a medical doctor in a specialized field, make sure to engage with a pharmacy or healthcare related lender experienced in your particular space. There are specialized lending programs and loans out there specifically for independent pharmacists and healthcare professionals. Working with a lender who is well-versed in this area can be a major benefit and can be the difference in your success.

Ignoring Key Parts of Your Start-Up Budget

While we cautioned earlier on the risks of taking out too much debt, make sure you have enough financing to cover important parts of your start-up pharmacy and healthcare practice budget. Do you have an adequate amount earmarked for marketing expenses, inventory, staff, etc.? While you need to build your patient base, not having enough working capital to reach breakeven can be the difference of success and failure. What about regulatory compliance and technology? Make sure your start-up is strategically planned in all areas. Good planning will reap major rewards!

Ignoring the Long-Term Plan for your Pharmacy or Healthcare Practice

Speaking of that strategic plan, what is the long-term goals for your pharmacy, veterinary, dental, optical, or medical practice start-up? How will you continue to finance your operation while you grow your business? What do you need to do, and how much do you need to borrow when your business starts rapidly filling scripts, seeing patients, and growing revenues quickly? How much additional inventory do you need on hand to keep up with demand? With a pharmacy or medical practice for example, it’s a critical balancing act with having enough cash flow to cover expenses while waiting for insurance reimbursements to come in. It may seem like a distant future when you are starting up, but prepayment restrictions, balloon payments, or penalties for early principal payments can catch up to you. Unless you are an expert in finance, consider working closely with a pharmacy or healthcare practice lending expert from the very start! When you choose the right lending partner, you will give yourself the best chance for success! Call US Medical Funding today to get the best assistance with your pharmacy or healthcare practice financing needs!