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Why is Medical Equipment Leasing Worth $130 Billion?

The American healthcare industry is a large part of our economy, yet it also faces financial challenges. With the evergrowing competition in the space, hospitals and local clinics need to keep their costly equipment up-to-date. That is why over $130 billion worth of medical equipment is being leased each year.

Why lease medical equipment?

Transportation equipment, imaging, and diagnostics machines are costly and have limited lifespan. Leasing can help in managing cash flow and maintaining operational flexibility.

Leasing provides the right to use medical devices over a period of time, typically three to five years, without the burden of ownership. It offers lower monthly payments, low to zero upfront costs, and flexible options at the end of the term.

What are the benefits of leasing medical equipment?

Efficient capital management

Lower operational costs and less money tied up in upfront equipment purchases enable hospitals and clinics to invest their capital elsewhere and retain positive cash flow.

Operational flexibility

At the end of your term, you can return or upgrade the equipment, keep leasing, or purchase it at face value. You can choose the most suitable option.

Procurement relief

Leasing companies typically fund deals in 2 to 5 days and require no down payment. Banks tend to take a more conservative approach, requiring 2-3 weeks for credit review and a 20% down payment.

Getting new (or used) equipment

In light of the recent pandemic, healthcare organizations have been relying on fast and easy medical equipment leasing to support the increasing demand for their services.

At Alliance Funding Group, we feel the responsibility to support our doctors and hospitals with the affordable Healthcare Equipment Leasing Program.

Connect with an Account Manager today to learn about custom-tailored leasing options for your organization.

About Alliance Funding Group
Alliance Funding Group has been financing small, medium, and enterprise-sized businesses throughout the United States since 1998. Since inception, we have financed over $2B in equipment leases and loans to thousands of customers in small and mid-market arenas throughout the US.

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Here is Why Healthcare Vendors Choose AFG

In light of recent events, manufacturers around the world are adjusting their production lines, while healthcare providers stock up on crucial equipment.

Alliance Funding Group has been funding projects for healthcare providers of all sizes and specialties: from single practitioners to hospitals, since 1998.

We pride ourselves in our strong partnerships and excellent customer care that help vendors in the healthcare industry attract, secure, and retain more business.

“We have a lot of experience in the space and understand the equipment, business needs, and the fast-paced environment in the healthcare industry. We stay available after hours and on weekends to make sure we can execute and fund projects quickly and efficiently. We are the extension of our partners’ sales team.”

– Mike Harmon, VP of Sales

AFG’s Competitive Offer

We fund a multitude of business needs in the healthcare industry. Being privately owned allows us to offer creative lease structures that perfectly suit our clients’ demands.

Special vendor rates start at only 3.99% on capital leases. Human underwriters and consistently swift funding make AFG one of the most competitive resources for healthcare businesses. We offer 110% financing to cover soft costs such as delivery, installation, software, and taxes.

Besides, we extend the Unsecured Working Capital Program to help providers address their short-term monetary needs within 24 hours. Many equipment leasing and EFA approvals automatically include an option for unsecured credit access for our customers*.

Healthcare Equipment and Supplies Vendors Choose AFG

Numerous companies in the space consistently choose AFG to fund their equipment and supply needs.

Alliance Funding Group remains fully operational throughout 2020. We are offering step-up and deferral options to help American practitioners and health centers provide the best possible patient care during these unprecedented times.

Join our Vendor Program and get access to experienced salesforce, and the ability to fund various credit profiles with the starting rate as low as 3.99% on capital leasing for your customers.