If your dental practice is replacing a CBCT scanner that has run past its support window, or your imaging center upgrading from a 1.5T to a 3T MRI, or your veterinary clinic is looking to add ultrasound capability for the first time, then you know that the gap between modern medical equipment costs and what most practices keep in reserves can be stark. A 1.5T MRI scanner runs upwards of $1 million new, with installation and shielding adding 10 to 20 percent to project cost.

Medical equipment financing is the standard route practices use to acquire diagnostic and treatment tech without utterly gutting their working capital. For over 40 years, Dimension Funding has provided loans across the medical category. 

Dimension Funding writes equipment loans across the medical category. If you have a manufacturer quote on your desk, send it over. Application-only approval can come back the same business day, with financing structured around the equipment before installation gets scheduled. 

What Counts as Medical Equipment for Financing Purposes

If a piece of equipment is built for a clinical setting and carries a meaningful price tag, it almost certainly qualifies for financing.

• Imaging hardware such as MRI, CT, PET scanners, X-ray suites, ultrasound, mammography. Any equipment that does the looking.
• Surgical equipment: Operating tables, surgical lighting rigs, robotic systems, endoscopy towers. 
• Diagnostics: Lab analyzers running blood panels through the night, ECGs, EEGs, sleep study setups, etc,.
• Dental: CBCT units, intraoral scanners, the chairs themselves, sterilization equipment that keeps your practice legal.
• Aesthetic devices: Lasers and body contouring machines. 
• Patient care: Hospital beds, infusion pumps, ventilators, etc.,
• Ophthalmology: OCT machines, phoropters, surgical lasers tuned for the eye.

Soft costs around the equipment generally finance alongside it. That is, installation, shielding for imaging suites, training, software licenses, extended service contracts can all be part of the financed amount. We can help fund the whole project rather than just the unit on the invoice

How Same-Day Approval Works for Medical Practices

Application-only financing applies to medical equipment up to a defined ticket size for established practices, meaning the application itself plus a credit pull is enough to get to a yes or no. Established here means two or more years of operation, a clean credit history, and a practice that looks like it has been running rather than starting. For a practice in that range, a same-day yes is a reasonable expectation on qualifying applications.

Larger transactions ask for a bit more. Three to six months of bank statements, a recent profit and loss statement, and tax returns for the bigger files, particularly when the financing is tied to practice acquisition or a full fit-out for a new location. 

The added documentation is not an intentionally bureaucratic hurdle so much as the natural shape of a larger commitment. Timelines stretch from same-day on application-only deals to a few business days once the file is fully documented.

If your equipment quote is in hand, send it over whenever it is ready. Apply online for a same-day decision, or reach out directly if you want to walk through documentation before submitting. 

Equipment Categories & Differences in Financing Approaches 

When we evaluate surgical tools and capital instruments, we aren’t just looking at the price tag; we’re looking at procedural volume. 

Technology obsolescence also often happens at a much faster rate than physical wear. That’s why we don’t build financing around how long a machine lasts, but rather how it fits into your reimbursement cycles.

We also understand industrial context. For example, dental equipment has a tight resale market and predictable depreciation curves, which makes underwriting more standardized. Aesthetic devices depreciate fastest because they compete on patent-protected technology cycles, and terms are often shorter to match the expected daily wear-and-tear of a spa.

Documentation Requirements by Practice Size

Solo practitioner versus group practice versus hospital documentation flows. 

What gets requested:

Application-only thresholds at the lower end. Bank statements and recent P&L over a defined transaction size. Tax returns and full financial review for practice acquisition financing. Practice valuation documents for transactions tied to ownership transfer.

Reference how this differs from general business equipment financing. Internal link: /equipment-financing-companies/.

Reach Out

For practices evaluating medical equipment acquisition, Dimension Funding finances diagnostic imaging, surgical, dental, and patient care equipment, with same-day approval available on qualifying applications. Send the equipment quote whenever it is ready, and a financing structure can come back the same business day.

Apply for medical equipment financing or get in touch directly to walk through what makes sense for your specific equipment and practice setup.

Frequently Asked Questions

Can a new practice qualify for medical equipment financing? 

Practices in their first two years of operation can qualify for medical equipment financing, though documentation requirements typically increase compared to established practices. Personal guarantees, a more thorough credit review, and supporting financials carry more weight in startup applications. Some lenders also weight prior practice experience for first-time owners.

What medical equipment qualifies for Section 179 deduction? 

New and used medical equipment placed in service during the tax year qualifies for Section 179, with deduction limits set annually by the IRS. Eligible categories include imaging, surgical, diagnostic, and dental equipment when used predominantly for business purposes. Verify current limits with a tax advisor, as the cap adjusts each year.

How long are typical medical equipment financing terms? 

Terms generally run from 24 to 84 months depending on equipment type and useful life. Imaging and surgical equipment often qualify for terms on the longer end because of extended useful life, while aesthetic devices typically finance over shorter terms tied to faster technology cycles.

Does financing cover installation and software? 

Yes, soft costs including installation, shielding for imaging suites, training, software, and extended service contracts can be wrapped into the financed amount when bundled with the equipment purchase. This is one of the practical reasons financing wins over staged cash payments for larger fit-outs.

Is used medical equipment eligible for financing? 

Used medical equipment qualifies for financing when sourced from authorized dealers or vetted resellers. Age caps vary by category, with imaging equipment often accepted up to 10 years and dental chairs accepted up to 15. The technology cycle in the category drives the cap more than calendar age.