Specialized Funding for Healthcare Startups

Mantis Funding March 22, 2024

From purchasing advanced equipment to covering operational expenses, financial stability is crucial for medical practices. However, traditional financing avenues often come with stringent criteria and lengthy approval processes, hindering timely access to the capital they need to thrive.

With our streamlined approach and tailored options, Mantis Funding is the solution healthcare startups need to flourish. By offering flexible terms and expedited funding, Mantis Funding empowers healthcare professionals to focus on their core mission: delivering superior medical services. With our support, medical practices can navigate financial challenges effectively, driving sustainable growth and providing quality patient care.

Understanding Medical Practice Funding

Medical practice funding encompasses financial resources specifically tailored to support healthcare providers in managing their practices. Healthcare providers often require significant capital to invest in advanced technologies, hire skilled staff, and expand their facilities to meet growing patient demands. Medical practice funding provides the necessary resources to address these needs so practitioners can give their patients the best care possible.

In addition to funding new technologies and staff, medical practice funding opens up opportunities for business growth, allowing practices to invest in new services and marketing initiatives. It also promotes financial stability by providing a consistent source of capital, mitigating the risks associated with cash flow shortages or economic downturns. Overall, medical practice funding empowers healthcare providers to strengthen their practices, improve patient outcomes, and thrive in a critical industry.

Eligibility and Application Process

At Mantis Funding, there are specific eligibility criteria medical practices must meet to receive funding. Take a look at our requirements to see if your healthcare startup qualifies:

  • Medical practices must be based in the United States.
  • Applicants are required to demonstrate a positive financial history and be willing to undergo a credit check (low credit scores OK!)
  • Practices must have at least 6 months of operational business, with a steady revenue stream.
  • Medical practices must provide proof of active business operations that showcase the ongoing viability of the practice.

Funding Timeframe

It’s important to know the typical timeline from application to disbursement to get your practice up and running on schedule. At Mantis Funding, our funding timeframe usually looks like the following:

  • Initial application processing typically takes 1-2 business days, during which we evaluate a practice’s financial information and eligibility. Additional documentation may be required.
  • Upon signing the finance agreement between your business and Mantis Funding, funds are disbursed within the next business day.

Application Documentation

To apply for capital with Mantis Funding, practices must provide the following documentation:

  • Business bank statements for the past 3-6 months.
  • Proof of ownership or partnership documentation.
  • Valid government-issued identification for all owners/partners.
  • Business tax returns for the previous year.
  • Any relevant legal documentation pertaining to the practice, such as business licenses or insurance certificates.
  • Details of outstanding debts or existing financing arrangements, if applicable.
Navy Plaid logo

Secure Your Financing with Ease

Connect your bank account safely with Plaid. Experience seamless and secure access to Mantis Funding’s financing options. Our Apply Now application, powered by Plaid, is quick, secure, and hassle-free. Enjoy streamlined financing solutions tailored to your needs – that’s the Mantis Funding promise.

Funding Options and Details

Unlike the lengthy approval processes of banks, Mantis Funding provides quick access to capital within days. We offer flexibility in funding terms and payment schedules to accommodate the unique needs of medical practices. With more favorable terms and simplified application procedures, Mantis Funding is a reliable alternative to traditional bank loans.

To qualify for funding with Mantis Funding, medical practices typically need to have been in operation for at least six months in the United States. Additionally, there must be a proven track record of stability and sufficient revenue to support payment obligations.

Beyond Medical: Diverse Industry Funding

From retail to hospitality, construction to professional services, Mantis Funding offers tailored funding solutions to meet the unique needs of businesses across various sectors. This wide reach underscores our versatility and adaptability in supporting businesses of all types, empowering entrepreneurs and organizations to thrive and grow. Whether a small startup or an established SMB, businesses in numerous industries can benefit from Mantis Funding’s expertise and financial support.

Conclusion

Selecting the right funding partner is crucial for the success of medical practices. Mantis Funding distinguishes itself by offering comprehensive solutions, easy access to funds, and supportive resources tailored to the unique needs of healthcare providers. By choosing Mantis Funding, medical practices can navigate financial challenges confidently and focus on delivering exceptional patient care.

We encourage medical practices to apply now and discuss their funding needs with our experts today. Together, we can propel your practice forward with the capital and support it deserves.

 

Mantis Funding avatar

About Mantis Funding

Mantis Funding is a business financing solutions firm catering to small and mid-sized business owners in the United States.