Your medical practice in New Haven needs capital now, not in ninety days. Whether you're buying into a partnership on York Street, upgrading imaging equipment, or covering the gap between billing and collections, Cedargrove Credit brokers medical practice loans that match your timeline and the realities of healthcare cash flow.
Medical professionals in New Haven operate in a tight corridor between Yale New Haven Hospital's dominance and dozens of independent practices competing for referrals. Insurance reimbursement cycles stretch 45 to 90 days, payroll and rent don't wait, and most banks treat physician practice loans like any other small business, ignoring your accounts receivable as collateral. You need a broker who understands medical practice financing and knows which lenders will underwrite against your patient volume, payer mix, and specialty. We do.
Loan programs
SBA 7(a) loans work for practice acquisitions, partnership buy-ins, and build-outs. Terms stretch to 25 years for real estate, 10 years for equipment, and lenders recognize the stability of established medical practices. We broker SBA 7(a) loans for primary care, dental, and specialty practices across New Haven County.
Equipment financing covers imaging, dental chairs, surgical tools, and IT systems. Lenders use the equipment itself as collateral, so approval hinges on invoice and cash flow, not just credit score. Our equipment financing partners close in two weeks when the deal is clean.
Medical receivables financing and invoice factoring turn outstanding claims into working capital. If you're waiting on Anthem, Cigna, or Medicare payments, factoring advances 70 to 90 percent within days. It's not debt; it's liquidity against money you've already earned.
Business lines of credit smooth the gaps. Draw when you need it, pay interest only on what you use, and keep the line open for the next payroll or supply order.
We don't lend. We match your practice to the lenders who want your profile. A dentist in Hamden buying a retiring partner's share needs different terms than a veterinary practice in Milford financing new surgical suites. We submit your file to multiple lenders simultaneously, negotiate terms, and keep the process moving while you see patients.
Scenario: A three-physician family practice on State Street needed $180,000 to bridge a payer contract renegotiation. Their bank wanted six weeks. We brokered a working capital line in nine days.
Call (475) 324-8340. Our office is at 129 Church St, New Haven, CT 06510.
Serving the New Haven area
We know which lenders fund which kinds of New Haven businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Why New Haven owners trust Cedargrove Credit
Talk to a local advisor and get matched to the right program, no obligation.
