TRUST CAPITAL Blog

Are you looking to acquire equipment through medical equipment leasing?

The growing demand for instant access to medical attention has resulted in the expansion of the private healthcare sector. But doing so doesn’t come cheap.  Medical businesses require a huge investment for continual operation.

Medical equipment alone can cost hundreds of thousands of dollars and take up more than half of a medical business’ operating capital. But as effective equipment can be a determining factor in life or death situations, it’s wise not to skimp on equipment.

That's why new and expanding medical businesses opt to acquire the necessary medical equipment through medical equipment leasing. Financing medical equipment is an easier way to have access to the most advanced technology for the cheapest cost.

Although monthly payments for medical equipment leasing are flexible, these are highly dependent on your personal and business’ credit rating. The equipment lease won't report to your personal credit bureau but medical equipment lenders will pull a soft credit inquiry on it to make sure there are no problems. 

In this blog post, we’ll discuss the various interest rates of medical equipment leasing based on the credit rating of a business and personal credit history.

Are you thinking about upgrading your medical equipment?

People expect the best services from businesses in the medical industry. Each diagnosis, treatment, and procedure must be done carefully. And in order to provide the best services medical businesses must have updated and reliable equipment.

However, acquiring the most updated equipment will cost a lot of money.

This is why some companies settle on having cheap and outdated medical equipment. But this decision can put you, your business, and definitely your patients’ lives at risk…. or at the very least make you inefficient.

Luckily, there’s medical equipment financing. It can be used to help purchase or lease necessary medical equipment. But before you decide to implement medical equipment financing in your business let’s talk more about it so you can see if it’ll work for you needs.