Get the Best Laboratory Business Loan Program
We understand how challenging it can be for businesses to find the right funding solution, especially for businesses like your laboratory. Finding financing can be a complex endeavor — but we make it easy at AdvancePoint Capital. Regardless of credit scores, credit history, business needs, payment terms, and more — we’ll be your lending partner to help guide you through finance products available in the marketplace to find success. You will need a reliable lender for your laboratory, and that’s where we can help. AdvancePoint Capital makes the approval process a breeze, with quick and easy ways to get cash flow for laboratories fast. Sometimes, nothing is more complicated than dealing with banks, so we can show you how AdvancePoint differs as an alternative lending option.
Whatever comes next in your lab’s business, as your first choice of financing marketplaces, AdvancePoint Capital has the lending products and services necessary to grow and expand. Be it laboratory equipment financing or a straight-up small business loan to help you with your laboratory expenses, we've got you covered. Go online now to get a fast quote and find out how AdvancePoint Capital can help your business.
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AdvancePoint Capital makes the loan application process a simple, straightforward experience.
7 Best Laboratory Business Financing Options (October 2023)
When it comes to discovering the financing option that works best for your laboratory, it’s essential to look through all available resources and products before determining which source of capital is ideal.
Whether it’s choosing the right interest rate, terms, or repayment options, it’s essential to explore a wide range of products to find the perfect fit for you. At AdvancePoint Capital, our financing products are diverse — with a variety of lending partners to choose from — so let’s take a further look at seven of the best loan opportunities for financing your small business:
Business Line of Credit for Laboratories
Credit lines are a popular option for laboratories because they are a revolving line of credit. Owners can draw money on demand up to a credit limit. Interest is only paid based on the outstanding balance.
Long-Term Laboratory Business Loans
Long-term business loans are available for those businesses needing large amounts of money for an expansion project. Due to the current cash flow, the business owner needs affordable payments that long-term loans provide.
Short-Term Loans Laboratory Business Loans
Short-term loans provide terms from 6 to 24 months and are a great alternative to traditional business loans. This is your choice if you are looking for an alternative business financing option with a fixed term and payment. short term loans have higher approval rates and lower credit requirements.
Medical Lab Equipment Financing
Equipment leases and/or loans use the collateral of the equipment at purchase to provide long-term financing at affordable payments. All credit is considered. Equipment terms vary based on many factors.
SBA (Small Business Administration) Loans
SBA loans are administered by the U.S. Small Business Administration (SBA), a Federal Agency that sets guidelines and requirements for business loans offered and serviced by approved SBA lenders. The purpose of these loans is to support through financing small businesses and entrepreneurs. SBA loans offer attractive terms, with lower interest rates and longer repayment terms than non-SBA business loans.
Invoice financing is commonly used by businesses who invoice there clients regularly. Invoice factoring company purchase invoices from issuers at time of issuance at a discount, which accelerates the accounts receivable so the issuer doesn't have to wait to be paid under normal terms of the invoice. Costs are reasonable and a quick solution to solve cash flow problems.
Business Cash Advance
A business cash advance is not a loan but an advance of future sales that the business pledges to a funder. Repayment is made by the funder, taking a percentage of future sales until the advance is paid back in full.
Benefits of Business Loans for Labs
- Business Expansion
- Cash Flow
- Hire Employees and Managing a Growing Team
- Making Payroll
Types of Laboratories We Serve Across Industries
- Medical Laboratories
- Hospitals Laboratories
- Dental Labs
- Research Laboratories
- Chemical Laboratories
- Mechanical Laboratories
- Science Laboratories
- Technology Laboratories
- Design Laboratories
- Manufacturing Laboratories
- Development Laboratories
- Testing Laboratories
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Why AdvancePoint Capital?
When shopping around for the one loan option that works for your business, it can be overwhelming to sift through the various institutions and opportunities. Nothing can be so frustrating, so why not go with AdvancePoint Capital? Well, not only are we experienced in the laboratory industry, but we also offer a wide range of loan and financing opportunities that you can take advantage of — giving you the flexibility and freedom to get the capital you need fast.
- Experience in the Laboratory Industry – We have been financing laboratories for years.
- Trust – Excellent reviews and feedback from laboratories
- Loan Specialists – Experienced Business funding specialists who know the lab industry and can provide proper advice and information.
- No cost, no commitment, and nothing charged to get a quote
- Products – We offer a wide variety of laboratory business loan products. We don’t just provide what we have; we deliver what’s available in the marketplace.