Medical and dental practices often face cash flow gaps from delayed insurance reimbursements, unexpected equipment repairs, or seasonal fluctuations. CFG Merchant Solutions® specializes in helping healthcare providers access fast, flexible funding, often in as little as 24–48 hours, without the long waits associated with traditional banks or SBA loans.
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Fast, Flexible Funding Options
CFG Merchant Solutions® offers solutions tailored specifically for medical and dental practices:
- Alternative Working Capital Loans: Unsecured funds up to $2 million with approvals in 24–48 hours, providing immediate cash for urgent needs like payroll or equipment repair.
- Revenue-Based Financing: Repayments adjust based on your practice’s daily or weekly revenue, giving you flexibility while maintaining cash flow.
- Business Lines of Credit: Access a revolving line of credit to cover unexpected expenses instantly.
- Invoice/Claims Factoring: Turn outstanding insurance claims into immediate cash, bypassing long reimbursement cycles.
- Merchant Cash Advances: Quickly access capital by advancing on future credit card sales, ideal for urgent funding needs.
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Patient Financing for Immediate Liquidity
CFG Merchant Solutions can integrate third-party patient financing programs to accelerate cash flow:
- Upfront Payments: Platforms like CareCredit, Sunbit, or Cherry provide funds to the practice within 2–3 business days while patients pay over time.
- Risk Mitigation: These providers often manage collections and credit risk, ensuring your practice is paid regardless of patient defaults.
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Speed and Cost Comparison
CFG Merchant Solutions® helps practices choose the right solution based on speed, cost, and purpose:
| Funding Type | Typical Speed | Est. Cost | Best For |
| Alternative Loans | 24–48 hours | 25% – 100%+ | Emergency repairs, urgent payroll |
| Lines of Credit | Instant (if open) | 6% – 12% | Managing seasonal dips |
| SBA Express Loans | 36 hours (decision) | 7% – 12% | Smaller capital needs under $500k |
| Bank Loans | 2–4 weeks | 6% – 12% | Long-term growth, low interest |
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Key Qualification Factors
To secure the fastest funding, CFG Merchant Solutions® recommends having the following ready:
- Monthly Revenue: Most fast lenders require at least $20,000 in monthly revenue.
- Credit Score: Scores of 550+ may qualify, but 625+ unlocks better rates.
With CFG Merchant Solutions®, medical and dental practices gain a trusted partner who understands the healthcare industry, provides rapid funding solutions, and ensures practices can focus on patient care rather than cash flow challenges.