TL;DR
Best medical practice funder 2026: BHG for licensure-backed underwriting and practice acquisitions (cheapest money for healthcare specifically). Credibly for fast A-paper cash. Currency Capital / Beacon for equipment (imaging, chairs, lasers). OnDeck term loan or Bluevine LOC for established practices wanting cheaper money than MCA. Accord for newer practices or B/C-paper. Match the funder to the use case, not the other way around.
The medical practice funding decision tree
Practices have more cheap-money options than typical SMBs. Check the cheaper tiers first, in this order:
- Healthcare-specialized lenders (BHG, Live Oak Bank, Cardinal Bank) — APR typically 9-15%. Underwrite licensure + practice revenue. Best for working capital, practice acquisition, real estate, larger needs.
- Equipment financing (Currency, Beacon, Crest) — APR 8-15%. Right tool for any capital equipment purchase.
- Bluevine LOC or OnDeck term loan — APR 14-30%. Cheaper than MCA when you qualify (12+ months TIB, 600+ credit).
- Open-market MCA (Credibly, Greenbox, Accord) — APR-equivalent 40-60%. Use only when speed beats cost or when you don't qualify for the cheaper tiers.
At a glance — seven funders compared
| Rank | Funder | Best for | Public spec |
|---|---|---|---|
| #1 | Bankers Healthcare Group (BHG) | Healthcare-specific working capital + practice acquisition | $20K–$500K working capital; up to $750K for practice acquisition; APR varies |
| #2 | Credibly | A-paper practices wanting fast, transparent terms | $5K–$600K MCA, factor 1.11+ A-paper, funds in 4 hours |
| #3 | Greenbox Capital | Mid-band practices with insurance AR fluctuations | $5K–$250K MCA + LOC + factoring + equipment financing |
| #4 | Currency Capital / Beacon Funding | Equipment financing — imaging, dental chairs, CT/MRI | $5K-$2M equipment loans; 24-72 month terms; rate-shopped across underwriters |
| #5 | OnDeck | Term loan instead of MCA | Term loans up to $400K; LOC up to $200K; same-day funding |
| #6 | Bluevine | LOC for established practices with recurring AR gaps | $10K–$250K LOC; APR 6.2%-27% |
| #7 | Accord Business Funding | B/C-paper practices with NSF history | $5K–$150K MCA; B/C-paper; 3+ months TIB |
Bankers Healthcare Group (BHG)
Best for: Healthcare-specific working capital + practice acquisition
$20K–$500K working capital; up to $750K for practice acquisition; APR varies
Strength
Built specifically for medical, dental, veterinary, and other licensed healthcare professionals. Underwrites against the licensure (which is more stable than typical small-business credit) instead of standard MCA criteria. Funds across 50 states with state-specific compliance.
Watch out
Application is heavier than open-market MCA (license verification, board status, malpractice insurance). Slower than 24-hour MCA — typically 5-10 business days.
Fit: Licensed practices (MD, DO, DMD, DDS, DPM, OD, DVM, PhD psych) with 2+ years operating and clean license history.
Credibly
Best for: A-paper practices wanting fast, transparent terms
$5K–$600K MCA, factor 1.11+ A-paper, funds in 4 hours
Strength
Modern submission UX. For established medical practices with clean books and 12+ months operating, Credibly's A-paper factor rates are competitive. Useful for quick equipment cash or staff payroll gap.
Watch out
Not healthcare-specialized — underwrites medical the same as any other SMB. Misses the licensure-backed signal that BHG uses.
Fit: Medical/dental practices with 12+ months operating, $25K+/mo collections, 600+ credit.
Greenbox Capital
Best for: Mid-band practices with insurance AR fluctuations
$5K–$250K MCA + LOC + factoring + equipment financing
Strength
Five products under one roof. Accepts seasonal/cyclical revenue patterns common to practices (Q1 deductible reset dip, summer slowdown for elective). White-label option for brokers serving healthcare networks.
Watch out
$250K MCA cap below BHG and competitors for larger practices. Not healthcare-specialized.
Fit: Practices $15K-$35K/mo collections, 12+ months operating, with seasonal AR fluctuations.
Currency Capital / Beacon Funding
Best for: Equipment financing — imaging, dental chairs, CT/MRI
$5K-$2M equipment loans; 24-72 month terms; rate-shopped across underwriters
Strength
Equipment financing is the right tool for medical capital purchases. APR typically 8-15% vs. MCA at 45%+ APR-equivalent. Beacon specializes in healthcare equipment. Both rate-shop across underwriters.
Watch out
Equipment only — not for cash-flow gaps. Application requires equipment quote + spec sheet. Longer underwriting (3-7 days).
Fit: Medical/dental practices buying imaging, chairs, lasers, CT/MRI, autoclaves, or other capital equipment.
OnDeck
Best for: Term loan instead of MCA
Term loans up to $400K; LOC up to $200K; same-day funding
Strength
For established medical practices with 24+ months operating and clean credit, a 24-36 month term loan beats MCA on total cost by 30-50%. Same-day funding on approved files.
Watch out
12+ months TIB minimum + $8K+/mo revenue. Higher qualification bar than open-market MCA but materially cheaper money.
Fit: Established practices (24+ months, 600+ credit) wanting fixed-payment financing instead of daily-ACH MCA.
Bluevine
Best for: LOC for established practices with recurring AR gaps
$10K–$250K LOC; APR 6.2%-27%
Strength
Materially cheaper than any MCA when you qualify. LOC structure fits the rhythm of insurance reimbursement — draw against AR, repay when EOBs land. Builds business credit.
Watch out
Higher qualification bar — 12+ months TIB, 625+ credit, $10K+/mo. Not for newer practices.
Fit: Established practices (12+ months, 625+ credit) with predictable insurance AR cycles.
Accord Business Funding
Best for: B/C-paper practices with NSF history
$5K–$150K MCA; B/C-paper; 3+ months TIB
Strength
Underwrites paper other funders decline. For practices with NSF history (common after a slow Q1 or staff turnover), Accord is one of the few options. Next-day funding on approved files.
Watch out
MCA only — no LOC, no equipment. Higher factor rates as the trade for accessibility. Smaller deal cap.
Fit: Newer practices (3+ months), practices with NSF history, second/third-position deals.
Medical-practice-specific watch-outs
- Insurance AR lumpiness reads as revenue weakness. Generalist MCA underwriters see a 30-day deposit dip and quote a higher factor. Healthcare-specialized lenders (BHG) understand EOB cycles. If you go to a generalist, attach a 1-page note explaining your payer mix and typical EOB timing.
- Licensure protects you on the cheaper tiers. BHG and Live Oak Bank underwrite against your professional license — a structural advantage that makes their APR materially lower than open-market MCA. Use it.
- Equipment quotes unlock cheaper money. A signed equipment quote turns the conversation from MCA underwriting to equipment underwriting — completely different rate tier. If your cash need is equipment-driven, get the quote first, then borrow.
- HIPAA and PHI affect data sharing. Some funders ask for EHR access or practice management system reports. Be careful what you share — patient-level data should never leave your practice for any funder.
What to ask any medical practice funder before signing
- "What's the APR-equivalent on this deal?" Required disclosure in 5 states as of 2026. Always ask.
- "Will the daily ACH reconcile if my deposits drop?" Critical because insurance AR creates lumpy deposit patterns.
- "Is there a prepayment discount?" Many practice owners pay off MCAs when an EOB batch lands. Get the discount in writing.
- "Will this affect my malpractice insurance renewal?" Some carriers ask about commercial debt at renewal. Worth knowing.
Frequently asked questions
- What's the best funder for a dental practice in 2026?
- For established practices with clean books: BHG (healthcare-specialized, licensure-backed underwriting) or OnDeck term loan. For fast cash needs: Credibly (4-hour funding, A-paper terms). For equipment (chairs, imaging, lasers): Currency Capital or Beacon Funding equipment financing. The 'best' depends on what you're solving — cash gap vs. equipment purchase vs. practice acquisition each have a different optimal funder.
- Should I take an MCA or use a medical equipment loan for new imaging equipment?
- Equipment financing wins on cost almost every time. A $100K CT scanner financed over 60 months at 9-12% APR is materially cheaper than $100K MCA at 1.35 factor over 12 months (≈48% APR-equivalent). The exceptions: if you can't qualify for equipment financing (newer practice, credit issues), if you need money in 24 hours (most equipment financing takes 3-7 days), or if you're combining a small cash-flow gap with the equipment purchase. Even then, splitting — equipment loan for the equipment + small MCA for cash gap — usually beats one big MCA.
- What's the APR-equivalent on a typical medical MCA in 2026?
- Most medical practice MCAs price between 1.25-1.45 factor over 6-12 month terms. The APR-equivalent ranges 40-60% depending on term and amortization. A 1.30 factor over 9 months is approximately 52% APR — materially higher than any healthcare-specific term loan (12-18% APR) or equipment loan (8-15% APR). MCA wins on speed and accessibility, never on cost.
- Can a new medical practice (under 12 months) get funding?
- Limited but possible. Open-market MCA (Accord, smaller specialty shops) will fund practices with 3-6 months bank statements at higher rates. Practice startup loans through SBA 7(a) or healthcare-specific Live Oak Bank, ProCharge, or Cardinal Bank are better but slower (45-90 day close). For equipment in the first year: practice equipment financing through Crest Capital or Beacon Funding sometimes funds with shorter TIB if the founder has strong personal credit and the equipment is highly collateralizable.
- How does insurance AR affect MCA underwriting?
- Insurance AR is a double-edged sword. Pro: medical practices have predictable revenue, which underwriters like. Con: the gap between service date and EOB payment (45-90 days) means deposits look lumpier than the practice's true revenue. Strong funders for medical (BHG, healthcare-specific lenders) understand this; generalist MCA funders may misread an AR cycle dip as a revenue problem and quote higher factor rates. Provide a full 6-month bank statement set and a quick note on your insurance payer mix to underwriters who'll take the context.