Can a new practice finance equipment?

Yes. Lenders rely on the provider's credentials, personal credit, and the equipment as collateral.

Lease or buy medical equipment?

Buy equipment you will use for its full life. Lease technology you expect to replace within a few years.

What does $150,000 of medical equipment cost per month?

At a representative 8%–30% APR, about $3,041–$4,853 a month over 60 months. Practices with strong credit usually price toward the low end.

WithFunded › Best-of guides › By product

Best equipment financing for medical practices in 2026

The best equipment financing for a medical or dental practice is an equipment loan for long-lived devices and a lease for technology that will be superseded within a few years. Health care practices are generally treated as strong credits, so compare several offers. For a practice also buying its building, SBA 504 can finance both at a low fixed rate.

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

The short list

Best for long-lived devices: Equipment loan
Best for fast-changing technology: Equipment lease
Best with a building purchase: SBA 504 loan
Best for a startup or acquisition package: SBA 7(a) loan

The 4 best options, ranked

1. Equipment loan Best for long-lived devices

Exam tables, sterilizers, and imaging systems with a long clinical life are cheaper to own. A loan spreads the cost across the years of billable use.

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

Diagnostic and aesthetic platforms are updated often. Leasing limits the risk of paying for an outdated device.

Watch for: On a fair-market-value lease you do not own the equipment unless you pay the buyout. Equipment financing guide →
3. SBA 504 loan Best with a building purchase

A practice buying its office can include major fixed equipment in a 504 project at the program's low long-term rate.

Watch for: Only for fixed assets. It cannot fund payroll, inventory, or other working capital. SBA loan guide →
4. SBA 7(a) loan Best for a startup or acquisition package

Equipment bought as part of opening or acquiring a practice can be financed inside one 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 long-lived 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 fast-changing technology	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
SBA 504 loan	Best with a building purchase	CDC portion roughly 6.6% on 10 to 25 year terms	Weeks to months	Owner-occupied real estate or major equipment, plus a down payment
SBA 7(a) loan	Best for a startup or acquisition package	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	60 mo	84 mo
$50,000	$1,567–$2,123	$1,014–$1,618	$779–$1,430
$150,000	$4,700–$6,368	$3,041–$4,853	$2,338–$4,289
$400,000	$12,535–$16,981	$8,111–$12,941	$6,234–$11,437

Financing $150,000 over 60 months costs about $3,041–$4,853 a month, or $32,488 to $141,181 in total interest, depending on the rate you qualify for. WithFunded calculation, representative 8%–30% APR band. Not a quote.

What lenders look at

The provider's credit and clinical experience.
Expected procedure volume and reimbursement for the device.
Service contracts and consumable costs that come with it.

Mistakes to avoid

Buying a device before confirming payer reimbursement for the procedures it performs.
A lease with an automatic renewal clause you did not notice.

Frequently asked questions

Can a new practice finance equipment?: Yes. Lenders rely on the provider's credentials, personal credit, and the equipment as collateral.
Lease or buy medical equipment?: Buy equipment you will use for its full life. Lease technology you expect to replace within a few years.
What does $150,000 of medical equipment cost per month?: At a representative 8%–30% APR, about $3,041–$4,853 a month over 60 months. Practices with strong credit usually price toward the low end.

See what your business qualifies for

Answer a few questions and get matched to your best-fit option. Zero upfront fees. Checking won't impact your credit.

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WithFunded has a dedicated page for medical practices: medical.withfunded.com.

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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.