Guide to Financing and Leasing Medical Equipment


When it comes to medical equipment, you may not have thought about leasing or financing a needed device. However, it is actually very easy to get financing for these items. Businesses in the credit sector like banks and credit unions are have great faith in the medical device industry.

First, consider where you are getting equipment from. It is likely that you have a piece of equipment in mind, so finding the perfect place to purchase or rent the item from is very important. There are medical device manufacturers and suppliers all over the country, so a quick internet search can locate nearby suppliers. Online reviews can give you an idea of how trustworthy information about how good the business is. Once you have some options, visit websites for the businesses you are interested in, and examine options for equipment you need. Many medical suppliers will also publish a catalogue, both online and in print. If you need further information, they should have contact info on their website so you can call and ask for details about specific products. You can also ask if the item is new or used, if this is not apparent from published information.

An internet search can also help you find reports on the business. Perhaps the business has been involved in fraud, or has poor customer service. This information should be easy to find, when looking for rip-off reports, fraud reports, or searching through the Better Business Bureau's page. The company's history can affect financing, so it is important to know their history. Once you have details about the business, you can consider loan and financing options.  Visit the web for more info about their options. Visit website if you have questions.

Securing financing for medical equipment starts with checking your device dealer's sources. The supplier should have a list of finance company options, so you know there is an established relationship. Sometimes, arranging financing before going to the supplier helps you get a better price, though, so you are not locked into working with a specific vendor. You can seek out independent financing options with an online search, too. A finance company will typically have you fill out an application, then provide them with a specification sheet for the device. If your credit is good, and the supplier has been in business for at least two years, securing financing will be easy. For more facts and information regarding medical equipment leasing, you can go to .

Tetra Financial Group is one of the leading financers for medical equipment.