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Healthcare Equipment Financing for Women-Owned Clinics
Running a clinic often means investing in equipment. Dental chairs, diagnostic machines, laser devices, or rehab tools. These purchases are essential for patient care and business growth, but the upfront cost can be overwhelming. That’s where equipment financing comes in.
What Is Equipment Financing?
Equipment financing is a way to acquire medical or business equipment without paying the full price upfront. Instead, you borrow money or lease the equipment and pay it off over time, while generating revenue from its use.
Think of it as letting your new equipment “pay for itself” while you spread costs into manageable payments.
What Types of Equipment Financing Exist?
1.Equipment Loans
- You borrow money from a lender to purchase the equipment.
- You own the equipment from day one.
- You repay in installments (plus interest).
2. Equipment Leasing
- Similar to renting. You pay to use the equipment for a set term.
- At the end, you may return it, renew the lease, or buy it at fair market value.
- Lower upfront cost, but long-term cost may be higher.
3. Lease-to-Own (a.k.a. $1 Buyout Lease)
- Hybrid model. You lease equipment but with the intention of owning it at the end.
- Often structured so you pay a symbolic amount (like $1) to transfer ownership.
4. Vendor Financing
- Sometimes, equipment suppliers offer direct financing.
- Convenient, but it’s worth comparing rates with independent lenders.
Common Types of Equipment Loans
Here are two typical examples:
Traditional Term Loan
- A dental clinic buys a new $80,000 digital imaging system.
- Lender provides a 5-year loan at 8% interest.
- Monthly payments are about $1,620.
- Clinic owns the system immediately.
Lease-to-Own Agreement
- A med spa needs a $50,000 laser device.
- Clinic chooses a 3-year lease-to-own plan.
- Monthly payments: $1,500.
- At the end of 36 months, the clinic pays $1 to own the equipment outright.
The Lyyvora Difference
One application → multiple offers
Compare terms from vetted lenders who understand healthcare.
Fast decisions
Streamlined intake, clear next steps, and proactive updates.
Transparent terms
No surprise fees. We explain rates, terms, and total cost clearly.
Human + data
We combine revenue insights with real people who know clinics.
Tailored to healthcare
Our lending partners specialize in medical, dental, and wellness practices so approvals are based on real clinic performance, not generic retail benchmarks.
Support beyond funding
From top-up financing to planning your next expansion, we’re your long-term partner, not just a one-time application.
Advantages of Equipment Financing
- Preserve Cash Flow – Spread costs into predictable payments.
- Access to Technology – Upgrade equipment without large upfront cash.
- Tax Benefits – Many equipment purchases are eligible for tax deductions.
- Flexible Options – Choose loan, lease, or vendor financing depending on your needs.
Things to watch out for
Frequently Asked Questions
Do I need perfect credit to get equipment financing?
Not always. Many lenders look at your clinic’s revenue and time in business in addition to credit score. Women-owned businesses with consistent cash flow often qualify even without top-tier credit.
Can I finance used or refurbished equipment?
Yes. Many lenders allow financing for used or refurbished equipment, as long as it comes from a verified vendor and has a clear value.
How do I know which option is best for my clinic?
Start by asking: Do you want to own the equipment long-term (loan), or do you prefer flexibility to upgrade (lease)? Then compare total costs, monthly payments, and your clinic’s cash flow.
What’s the typical interest rate for equipment financing?
Rates vary widely (from single digits to mid-teens) depending on credit, time in business, and the type of equipment. Leasing may not have an “interest rate” but a fixed payment schedule — always compare total costs.
Need more help?
Send us your question about healthcare financing. We’ll respond with plain-English guidance so you can decide with confidence.