Medical equipment financing is bought by practices, not generic businesses — imaging systems, dental operatories, surgical and lab equipment, priced from the low five figures into seven — and it runs on practice-specific rules: 100% financing that can bundle soft costs, application-only approvals up to six figures for established practices, published minimum qualifications, and funding in days. The pages ranking for this term are bank and vendor program sheets; this is the independent version, organised around the practice buyer’s actual journey. Payment math: the equipment calculator; lease structures: the leasing calculator.
General information, not a loan offer. Program figures as published by the cited lenders, October 2026.
Fund My Equipment’s medical category data puts common financed assets between roughly $22k and $195k+ by type: dental chairs and digital X-ray at the lower end; imaging (CT, MRI, ultrasound systems), surgical suites, and lab analysers at the top — with enterprise imaging well beyond. Category matters because lenders price the resale market for the asset class: mainstream imaging holds value; highly specialised kit does not.
The headline medical difference: lenders serving practices commonly finance 100% of the equipment price, and several allow the deal to include soft costs — installation, tax, freight, training:
Established practices routinely skip full financial packages:
| Practice credit profile | APR range | Terms | Down payment |
|---|---|---|---|
| Excellent (720+) | 6.9–9.9% | 60–84 months | 0–10% |
| Challenged (<640) | 17.9–24.9% | 24–48 months | 15–30% |
| The spread is the story: a young practice with a thin file pays triple the rate of an established one on the same machine — which is why structuring (down payment, co-borrower strength, established-practice acquisition vs de novo) belongs before application (approval logic). |
Siemens Financial Services (the category’s template) offers the standard healthcare trio: hire purchase, finance lease, and operating lease — with operating leases and managed-equipment arrangements popular where technology cycles are short (imaging refresh) and the vendor bundles service. Dental and vet practices use the same structures at smaller tickets (leasing vs buying logic).
What types of equipment can I finance? Effectively the whole practice: imaging, dental, surgical, lab, patient-monitoring, and office/medical IT — US Bank’s “Common questions about equipment financing and loans” (this question verbatim) confirms medical/dental/vet categories expressly.
Can I finance 100% of the equipment, including installation, tax and freight? Yes, within limits: US Bank includes up to 25% additional (soft) costs; Ascentium offers 100% financing bundling taxes, shipping and training. Ask each lender for its soft-cost cap in writing.
What are the minimum requirements to qualify? Ameris Bank publishes the market’s typical floor: 2+ years in business, $100,000+ in annual revenue, FICO 640+ — weaker files route to the challenged tier (table above) rather than automatic decline.
How fast can medical equipment financing fund? As little as 48 hours for application-only deals at US Bank (existing customers); Fund My Equipment puts most medical deals at 1–7 business days. Full-underwriting enterprise deals take longer.
What rates do medical equipment loans carry by credit tier? Per Fund My Equipment’s medical table: 6.9–9.9% APR for excellent credit (720+) out to 60–84 months, rising to 17.9–24.9% for challenged credit (<640). The all-market context is on the rates page.
General information, not a loan offer. Sources: US Bank equipment financing (types, soft costs, app-only, funding speed); Ameris Bank equipment finance (minimums, app limits); Siemens Financial Services healthcare structures; Fund My Equipment medical category (tier table, ticket sizes, funding norm); Ascentium (soft-cost bundling) — questions/facts as published. Reviewed 2026-10-22.