How much does it cost to finance a laser for a med spa?

At a representative 8%–30% APR, $150,000 of equipment costs about $3,041–$4,853 a month over 60 months.

Should a med spa lease or buy devices?

Lease if you expect to upgrade within a few years. Buy if the technology is stable and you will use it for its full life. Compare the total paid, including the buyout.

Can a new med spa get financing?

Yes, mostly through equipment financing, since the devices are collateral. Lenders also look at the owner's credit and the clinical team's experience.

WithFunded › Best-of guides › By industry

Best business loans for med spas in 2026

The best financing for most med spas is equipment financing for lasers and body-contouring devices, which are the largest cost and directly produce revenue. A term loan or SBA 7(a) loan funds the buildout. Because clients pay at the time of service, med spas rarely need receivables financing.

By the WithFunded team · Published November 11, 2026 · Rates as of November 2026

The short list

Best for lasers and treatment devices: Equipment loan
Best for technology that changes fast: Equipment lease
Best for a buildout: Online term loan
Best for a new location or acquisition: SBA 7(a) loan

The 4 best options, ranked

1. Equipment loan Best for lasers and treatment devices

Aesthetic devices are expensive and earn per treatment. Financing each one lets its revenue cover its payment.

Watch for: Older or highly specialized equipment gets shorter terms and higher rates. Equipment financing guide →
2. Equipment lease Best for technology that changes fast

Device platforms are updated often. A lease limits your exposure to an older machine and can simplify an upgrade.

Watch for: On a fair-market-value lease you do not own the equipment unless you pay the buyout. Equipment financing guide →
3. Online term loan Best for a buildout

Treatment rooms and a reception area are a one-time cost that a fixed loan repays on a schedule.

Watch for: A longer term lowers the payment but raises the total interest you pay. Term loan guide →
4. SBA 7(a) loan Best for a new location or acquisition

A larger project benefits from the long term and capped rate of a 7(a) loan.

Watch for: Heavy documentation, and the timeline rules it out for anything urgent. SBA loan guide →

Side-by-side comparison

Option	Verdict	Cost basis	Funding speed	Qualifies on
Equipment loan	Best for lasers and treatment devices	Representative 8%–30% APR, with the term matched to the equipment's useful life	Days to weeks	The equipment is the collateral, which can offset a thinner credit profile
Equipment lease	Best for technology that changes fast	A monthly lease payment; total cost depends on the end-of-term buyout	Days to weeks	The equipment is the collateral; often less cash up front than a loan
Online term loan	Best for a buildout	Representative 8%–30% APR, fixed payments over 6 to 60 months	Days	Revenue, time in business, and credit
SBA 7(a) loan	Best for a new location or acquisition	Capped at 10.00%–13.50% by loan size (prime plus the SBA maximum spread)	Weeks to months	Generally stronger credit and two or more years in business

What it costs

Monthly payments on a standard fixed-payment loan at the representative 8%–30% APR band. The low end of each range is 8% APR and the high end is 30% APR.

Amount	36 mo	48 mo	60 mo
$60,000	$1,880–$2,547	$1,465–$2,160	$1,217–$1,941
$150,000	$4,700–$6,368	$3,662–$5,401	$3,041–$4,853
$300,000	$9,401–$12,735	$7,324–$10,802	$6,083–$9,706

Financing $150,000 over 48 months costs about $3,662–$5,401 a month, or $25,773 to $109,243 in total interest, depending on the rate you qualify for. WithFunded calculation, representative 8%–30% APR band. Not a quote.

What lenders look at

Revenue per treatment room and repeat-client rates.
Medical director arrangements and state licensing compliance.
The devices being financed, including service contracts and consumable costs.

Mistakes to avoid

Buying a device on the manufacturer's revenue projection alone. Estimate your own treatments per month.
Forgetting consumables and service contracts when comparing the payment to expected revenue.

Frequently asked questions

How much does it cost to finance a laser for a med spa?: At a representative 8%–30% APR, $150,000 of equipment costs about $3,041–$4,853 a month over 60 months.
Should a med spa lease or buy devices?: Lease if you expect to upgrade within a few years. Buy if the technology is stable and you will use it for its full life. Compare the total paid, including the buyout.
Can a new med spa get financing?: Yes, mostly through equipment financing, since the devices are collateral. Lenders also look at the owner's credit and the clinical team's experience.

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How we ranked these options

This guide ranks types of financing, not individual lenders. Each option is ordered by how well it fits the need described on this page, judged on four things in this order: whether the structure matches how the money will be used and repaid, total cost, funding speed, and how hard it is to qualify. Cost figures are WithFunded calculations from published rate inputs as of November 2026: the bank prime loan rate from the Federal Reserve, the SBA maximum-rate schedule, and Federal Reserve survey data. The method follows our 2026 SMB Financing Cost Report, whose own figures use June 2026 rates.

WithFunded is a financing marketplace, not a lender. Our 2-minute form suggests a product type from the families we cover, and a funding partner reviews the request. Not every structure named in this guide is available through WithFunded: options such as SBA microloans, USDA farm loans, bank loans, and seller financing are ones you would pursue directly with the provider. They are listed because leaving out a good fit would make the ranking less useful.

Related guides

The top-ranked option on this page is equipment loan because it fits the most common version of this need. Your own best fit depends on your revenue, time in business, credit, and how fast you need the money.

Disclaimer. WithFunded and Big Think Capital are a financing marketplace; we are not the direct lender and do not guarantee funding, approval, rates, or terms. Everything on this page is a representative example only — not an offer or a commitment to lend, and not financial advice. Actual rates, fees, payments, and terms are set by the funding lender and depend on your business, credit, and the product. Where required by state law, the lender provides cost-of-financing disclosures before any agreement is signed.