REFINANCE YOUR EXISTING MEDICAL EQUIPMENT AND SAVE ON MONTHLY PAYMENTS.

Many healthcare providers have financed their equipment needs during times when cash flow was stronger. Unfortunately, Medicare and Medicaid reimbursements have decreased. For those providers with even a moderate mix of government entitlement programs, cash flow will shrink. Cutting expenses to the bone will not be enough. It would be in your best interest to contact us for a free, no obligation quote to refinance your existing equipment package.

We can often pay off an existing lease and convert the debt to a longer term loan, particularly if the entity is owned by doctors. This will allow you to maintain a steady and consistent positive cash flow.

How to Proceed with Refinancing your Medical Equipment:

• We will ask questions about your company, current financing and review your lease. If the lease is new and/or contains a large prepayment penalty, it probably won't make sense to continue and we will disclose that to you. We only want to move forward if the refinancing is beneficial to you. Also, we've found that the program works best with equipment payoffs of at least $300,000.
• Once we determine that a refinancing will result in substantial monthly savings to your practice, we'll request information from you such as tax returns, personal financial statements of the principals, a complete equipment list, web site address, and brochures.
• Our credit committee will review all the information you've provided and compile a Letter of Intent (LOI) that spells out the intended parameters of the transaction such as interest rate and term of the loan.
• Once we've agreed on the proposed terms, we submit the file to one of our lenders, who will perform due diligence such as confirming credit, analyzing financial ratios, and determining the general strength of the deal.
• If the lender approves the deal, a Letter of Committment is issued to you. Once the LOC is signed and executed, a date is scheduled for closing the transaction.
• The whole process can take as little as 30 days, and is usually dependent upon how quickly the information we need is provided.

Click for a free quote or call today at 417-849-7394

Click here to read an OCF article about medical equipment refinancing.

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