Medical Practice & Healthcare Equipment Financing in Canada
Physicians, dentists, vets, optometrists, physiotherapists — lendflo finances Canadian private healthcare practices. Equipment, clinic buildouts, practice acquisitions, and working capital for OHIP/RAMQ billing gaps. Fast decisions.
Healthcare Practice Types We Finance
From family physician offices to specialty dental clinics — we finance all private healthcare practice types.
Family Physicians & GPs
EMR systems, clinic buildouts, waiting room upgrades, and working capital to cover OHIP/RAMQ billing delays. Practice acquisition loans for buying into or purchasing an established practice.
Dental Practices
Dental chairs, CBCT imaging, digital X-ray systems, sterilization equipment, and clinic renovations. Canada's largest healthcare equipment financing vertical — we specialize in dental.
Optometrists & Eye Clinics
OCT machines, slit lamps, autorefractors, optical dispensing equipment, and frame inventory financing. New clinic buildouts and equipment upgrades for growing optical practices.
Veterinary Practices
Veterinary surgical equipment, anesthesia machines, digital X-ray, ultrasound, dental units for animals, and practice acquisition loans. Both companion animal and large animal practices.
Physiotherapy & Rehab
Ultrasound therapy devices, electrotherapy units, traction tables, shockwave therapy equipment, and clinic working capital. Franchise and independent clinic expansion both covered.
Diagnostics & Imaging
High-cost imaging equipment — ultrasound, X-ray, DEXA, portable diagnostic units. Large-ticket medical equipment financing with 0% down options and terms up to 84 months.
Medical Equipment We Finance
The OHIP / RAMQ Cash Flow Problem
Quebec practitioners billing through RAMQ and Ontario physicians billing through OHIP receive government reimbursements on a 30–90 day delay. Meanwhile, payroll, rent, medical supplies, and equipment payments are due immediately. lendflo's working capital financing bridges this gap — recharging your cash flow while you wait for government payment.
Healthcare Practice Financing Products
lendflo compares offers across multiple lenders to match your practice with the right financing solution.
Medical Equipment Financing
Finance any medical, dental, or diagnostic equipment. Equipment secures the loan — no personal real estate pledged. New and refurbished both qualify. Terms up to 84 months.
Practice Acquisition Loans
Buy an existing medical, dental, or specialty practice. Lenders underwrite on the practice's historical revenue and patient base — faster and simpler than traditional bank financing.
Working Capital for Practices
Cover OHIP/RAMQ billing gaps, payroll, supply orders, and clinic operating costs while waiting on government reimbursements. Revenue-based repayment adjusts to your billing cycle.
Clinic Buildout Financing
Finance leasehold improvements, plumbing upgrades, waiting room renovations, and clinic expansion. CSBFP-backed options available for eligible leasehold and equipment combinations.
Frequently Asked Questions
We’re here to simplify your business financing journey, so you can feel confident every step of the way.
Yes. Most medical and dental equipment financing through lendflo is asset-based — the equipment itself secures the loan. You don't need to pledge personal real estate or other assets. This applies to imaging equipment, dental chairs, surgical tools, EMR systems, and more.
OHIP reimburses physicians on a fee-for-service basis with payment delays of 30–90 days. This creates a persistent cash flow gap between services rendered and payment received. Working capital financing from lendflo bridges this gap, letting Ontario practitioners cover payroll, rent, and supplies without waiting on government payments.
Yes. Practice acquisition loans are available through lendflo's lender network. These typically range from $100K to $2M depending on practice revenue and assets. The existing practice revenue is a key qualification factor — lenders treat it similarly to established business revenue.
Medical equipment eligible for financing includes: MRI and CT scanners, ultrasound machines, X-ray equipment, dental chairs and imaging units, surgical instruments, EMR and practice management software, optometry equipment, physiotherapy devices, and veterinary surgical tools. Both new and refurbished equipment qualifies.
Yes. Quebec practitioners billing through RAMQ face similar payment timing issues as OHIP in Ontario — reimbursements are delayed while practice operating costs are immediate. Working capital financing is commonly used by Quebec physicians and dentists to smooth this gap.
lendflo decisions typically come back within 24 business hours. Funding arrives shortly after signing. For equipment specifically, some lenders offer fast approval for established healthcare practices.
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Equipment businesses commonly finance
If it earns money for the business and can be quoted, it can usually be financed.
- Trucks, trailers and vehicles — new or used, for one truck or a fleet.
- Construction machinery — excavators, loaders, skid steers and tools.
- Restaurant and kitchen equipment — ovens, dishwashers, refrigeration and point-of-sale systems.
- Medical and dental equipment — for clinics and practices.
- Farm machinery — tractors, combines and irrigation.
- Manufacturing machinery — production lines and specialized tools.
People also ask
It depends on revenue, time in business, credit and the product. Through lendflo, term loans run from $25,000 to $2,000,000, equipment financing from $10,000 to $500,000 and working capital from $5,000 to $250,000. Lenders size an offer to what your revenue can repay.
Through lendflo, most applicants get a fast decision, and funds typically arrive shortly after approval. Speed depends on the lender and on how complete your documents are, so have recent bank statements ready before you apply.
Most lenders ask for three to six months of business bank statements, your business registration, identification, and the amount and purpose of the loan. Equipment loans add a supplier quote, and larger amounts may need recent financial statements or tax filings.
There is no single cutoff. Banks usually want good credit, while alternative lenders in lendflo’s network consider scores from 500 and weigh revenue and cash flow heavily. A higher score generally means better terms, so check your credit report for errors before you apply.
Terms explained
What is equipment financing?
Equipment financing is a loan or lease used to buy business equipment such as vehicles, machinery or technology. The equipment itself usually serves as the lender’s security, which makes approval easier and can keep the down payment low. Through lendflo it runs from $10,000 to $500,000, with terms up to 84 months.
See in the glossaryWhat is working capital?
Working capital is the cash a business uses for day-to-day costs such as payroll, rent, inventory and supplier bills. A working capital loan bridges the gap between paying those costs and getting paid by customers. Through lendflo it is based mainly on recent revenue rather than collateral.
See in the glossaryWhat is a business line of credit?
A business line of credit is a revolving credit limit: you borrow what you need, repay it, and borrow again, paying interest only on the balance you use. It suits ongoing swings in cash flow better than a one-time purchase, which a term loan handles better.
See in the glossaryTopic guide
Part of the guide: Financing by industry
How financing works for restaurants, trucking, construction, farms, clinics, retail, manufacturing and tech.