How we picked
Filtered to lenders documented to fund the medical-spa vertical. Equipment-finance specialists ranked first for device capex because equipment-secured pricing materially beats MCA on $50K+ device purchases. SBA prioritized for build-out and acquisition. MCA and platform-embedded options included for working capital and credit-recovering operators.
Top picks at a glance
| Lender | Best for | Amount | Speed | Min credit | Action |
|---|---|---|---|---|---|
| Beacon Funding | Best for aesthetic device equipment financing | $5,000 – $1,000,000 | Funding in 1 – 5 business days | 550+ | Apply → |
| Currency Capital | Best fast equipment financing for newer med spas | $10,000 – $2,000,000 | Funding in 24 – 72 hours after approval | 600+ | Apply → |
| Bankers Healthcare Group (BHG) | Best unsecured working capital for established med spas (700+ credit) | $20,000 – $500,000+ | Funding in 3 – 7 business days | 700+ typical for best terms | Apply → |
| Live Oak Bank | Best SBA 7(a) for med spa expansion / acquisition | $25,000 – $25,000,000+ | 30 – 90 days underwriting (SBA standard) | 680+ typical | Apply → |
| Credibly | Best fast working capital for established med spas | $5K – $600K | As fast as 4 hours | 550+ | Apply → |
| Square Capital | Best for Square-using boutique med spas | $300 – $250,000 | Funds as soon as next business day | No FICO pull — Square underwrites entirely against your Square sales history | Apply → |
Advertiser disclosure: Fundnode may earn referral fees from funders listed on this page when you apply through us. This does not affect editorial rankings — see our methodology.
Detailed reviews — our 6 picks
#1 · Best for aesthetic device equipment financing
Beacon Funding
Max amount
$1,000,000
Cost
APR 8 – 25%
Speed
Funding in 1 – 5 business days
Min credit
550+
Why we picked it
Will finance lasers (Candela, Cynosure, Cutera), CoolSculpting, EmSculpt Neo, RF microneedling (Morpheus8, Vivace), and IPL platforms. 550+ credit acceptable. Equipment-secured structure (APR 8-22%) is dramatically cheaper than MCA on $50K-$250K device purchases. Section 179 deduction typically applies — coordinate timing with your CPA before year-end.
The strength
Equipment financing with broader industry acceptance than larger competitors. Will fund specialty equipment (food trucks, photography gear, fitness equipment, salon equipment). Lower credit threshold (550+).
The watch-out
Higher rates than bank equipment financing for prime credit. Smaller deal cap. Industry specialization can mean less depth in any single vertical.
Qualifications
12 months
$10,000+
550+
#2 · Best fast equipment financing for newer med spas
Currency Capital
Max amount
$2,000,000
Cost
APR 8 – 22% (varies by equipment + credit)
Speed
Funding in 24 – 72 hours after approval
Min credit
600+
Why we picked it
Online-application equipment financing that funds aesthetic devices in 1-3 days. More flexible on TIB than traditional equipment finance (will work with 12+ months operating). Useful when a manufacturer rebate or trade-show pricing window forces a fast equipment decision.
The strength
Equipment-specific financing with strong tech platform. Online application, fast approval. Equipment serves as collateral — lower rates than unsecured MCA equivalents. Strong industries: trucking, construction, manufacturing.
The watch-out
Equipment-only — financed funds must be used for specific equipment purchase. Equipment-as-collateral means default risks the equipment.
Qualifications
6 months
$10,000+
600+
#3 · Best unsecured working capital for established med spas (700+ credit)
Bankers Healthcare Group (BHG)
Max amount
$500,000+
Cost
Term loan APR 12 – 22%
Speed
Funding in 3 – 7 business days
Min credit
700+ typical for best terms
Why we picked it
Healthcare-credentialed underwriting with $20B+ deployed across MD, NP, RN-owned practices. Unsecured term loans up to $500K at 12-22% APR. No collateral lien on devices — preserves equipment as collateral for future financing rounds. Right structure when device portfolio is already pledged elsewhere.
The strength
Specialized in healthcare practitioners — MDs, dentists, veterinarians, PAs, pharmacists. Faster underwriting than SBA with practice-specific risk models. Unsecured options available up to $500K. $20B+ in funding across healthcare professionals.
The watch-out
Healthcare-only — not for other industries. Best rates require excellent credit (700+). Sales process can be aggressive — multiple follow-up calls common.
Qualifications
24 months
$15,000+
700+ typical for best terms
#4 · Best SBA 7(a) for med spa expansion / acquisition
Live Oak Bank
Max amount
$25,000,000+
Cost
SBA 7(a) APR prime + 2.75% to 4.75%
Speed
30 – 90 days underwriting (SBA standard)
Min credit
680+ typical
Why we picked it
#1 SBA 7(a) lender with healthcare-vertical underwriting depth. Up to $5M for med-spa acquisition, real estate, build-out, or additional locations. SBA pricing (prime + 2.75-4.75%) is the cheapest capital available. 60-90 day timeline but worth it on deals over $250K.
The strength
Largest SBA 7(a) lender in the US by dollar volume for 7+ consecutive years. Industry-specialty teams (veterinary, dental, funeral homes, self-storage, agriculture, hotels). Deep understanding of niche-vertical underwriting. Dramatically cheaper than MCA for qualifying merchants.
The watch-out
Long underwriting timeline (45-90 days typical). Requires strong credit (680+), 2+ years operating, clean financials. Industries outside their specialty get less attention.
Qualifications
24 months
$20,000+
680+ typical
#5 · Best fast working capital for established med spas
Credibly
Max amount
$600K
Cost
Factor 1.11+ (MCA)
Speed
As fast as 4 hours
Min credit
550+
Why we picked it
Funds med spas regularly (a vertical many MCA shops auto-decline). 550+ credit, 6+ months TIB, $15K+/mo revenue. Multi-product (MCA + LOC + term) covers injectables inventory, marketing pushes, or staff hiring. 24-48 hour funding when SBA timelines don't fit the need.
The strength
March 2026 API V2 + Cloudsquare integration — most modern submission UX in MCA. $3B+ deployed, 60K+ SMBs. Publishes factor rates honestly (starting 1.11 for A-paper).
The watch-out
The 1.11 headline is the A-paper floor; average factor is closer to 1.32. ISO commission terms aren't public.
Qualifications
6 months
$15,000
550+
#6 · Best for Square-using boutique med spas
Square Capital
Max amount
$250,000
Cost
Single fixed fee (typically 10 – 16% of loan amount)
Speed
Funds as soon as next business day
Min credit
No FICO pull — Square underwrites entirely against your Square sales history
Why we picked it
Many single-provider med spas use Square for patient payments and booking. Pre-qualified offers appear in the Square dashboard. No FICO check. Single fee structure (5-14%) priced off your Square processing volume — no application required.
The strength
Most merchant-friendly headline structure in the industry: one fixed fee, no APR equivalents, no daily/weekly debits — repayment is a flat percentage of daily Square card sales until paid off. Eligibility check appears in your Square dashboard with no application. Approval typically arrives in minutes.
The watch-out
Square chooses who they offer to — you can't apply if Square doesn't surface an offer. Loan amount usually caps at ~1.4× monthly Square sales. The single fixed fee on a 9-month payback typically works out to 30–60% APR-equivalent, similar to mid-tier MCA. Only available to active Square sellers — if you stop processing, repayment converts to fixed daily debits.
Qualifications
12 months
$10,000+ in Square card sales typical floor for meaningful offers
No FICO pull — Square underwrites entirely against your Square sales history
Frequently asked questions
- How do I finance a $150K laser or CoolSculpting platform for my med spa?
- Beacon Funding or Currency Capital for equipment-secured financing (APR 8-22%, device serves as collateral). Materially cheaper than MCA equivalent on the same dollar amount. Section 179 deduction typically applies on aesthetic devices placed in service before year-end — coordinate with your CPA.
- Will MCA funders work with medical spas?
- Yes — Credibly, OnDeck, and Greenbox regularly fund med spas, though many smaller MCA shops auto-decline the vertical because of MD-supervision regulatory complexity. Card-heavy patient revenue and high per-treatment gross margins make for solid underwriting at the funders that do fund the vertical. For capital needs over $100K, SBA via Live Oak is almost always materially cheaper if you can wait 60-90 days.
- Can a new med spa with under 12 months operating get financing?
- Limited options. BHG will underwrite credentialed-provider-owned med spas with strong personal credit and projected cash flow even without 12+ months of business history. Currency Capital is more flexible than traditional equipment finance. SBA is generally not workable under 24 months TIB. Most fast-MCA funders require 6+ months TIB at minimum.
- Does the med spa need MD ownership for lender approval?
- Depends on state. MD-supervised RN/NP-owned med spas are fundable in most lender programs as long as the supervision agreement is documented and the practice is in compliance with the state corporate-practice-of-medicine rules. Lenders increasingly understand the management-services-organization (MSO) structure that's standard in the industry. Document the supervision relationship cleanly in the application packet.
Related reading
- Best salon and spa funding 2026
- Best medical practice funding 2026
- Best equipment financing companies 2026
- How to qualify for an MCA in 2026
- The full 2026 ranking — 100 funders
Methodology
How we chose
Ranking criteria
- Use-case fit — funder must qualify the merchant profile this page targets (credit, time-in-business, revenue, industry).
- Pricing transparency — published factor-rate or APR-equivalent disclosure outweighs marketing-only quotes.
- Speed-to-fund — verified time from signed contract to ACH deposit, not 'as fast as' marketing claims.
- Contract terms — daily/weekly debit structure, prepayment treatment, COJ / personal guarantee posture.
- Customer-experience signals — BBB profile, Trustpilot, ISO chatter, and direct merchant feedback collected via Fundnode applications.
Sources consulted
- Funder-published rate cards, contract templates, and disclosure pages (refreshed quarterly).
- Public regulatory filings — California DFPI commercial-financing disclosures, New York commercial-financing disclosure law filings.
- Direct merchant feedback collected through Fundnode's /qualify funnel (n > 200 since 2026-01).
- ISO desk operator interviews — anonymized commentary on approval patterns and stipulations.
Update cadence
Reviewed quarterly. Last updated 2026-06-24.
Conflict of interest
Fundnode may earn referral fees from funders listed on this page when merchants apply through us. Rankings are editorial and independent of fee economics — funders cannot pay for placement.