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With U.S. health care spending reaching $5.3 trillion in 2024, practices of all sizes (from solo clinics to urgent care centers) are under pressure to invest in new equipment without exhausting their cash flow. Whether you're purchasing an MRI machine, upgrading exam chairs, or outfitting a new surgical suite, you need funding partners who understand the realities of the health care industry.
The medical equipment financing market is expanding, with Fortune Business Insights projecting the market to reach $406.85 billion by 2034. That growth means more lenders are tailoring their programs for medical professionals.
I've broken down the top companies offering equipment loans and leases in 2026 so you can match your business needs with the right funding solution.
| Top Medical Equipment Financing Companies in 2026 | |||||
|---|---|---|---|---|---|
| Lender name | Financing type | Estimated rates | Approval speed | Equipment types financed | Standout feature |
| Clarify Capital | Broker (loans and leases) | 6% to 18% | Same-day to 48 hours | New and used medical equipment | Matches borrowers with 75+ lenders for best-fit terms |
| Henry Schein | Loan and lease options | Contact for rates | Same-day approval possible | Medical, dental, and technology equipment | Up to 15-year terms; no payments for six months with Route 66 program |
| GreatAmerica Financial Services | Lease and usage programs | Contact for rates | Varies | Medical, dental, and lab equipment | 100% financing with bundled consumables and service contracts |
| DLL Group | Loan and lease options | Contact for rates | Varies | Medical equipment for hospitals and group practices | 30+ years of health care expertise; usage-based and bundled options |
| Med One Group | Loan and lease options | Contact for rates | Fast decisions and funding | Medical equipment for facilities of all sizes | Flexible structures including deferred payments and Equity Rental |
| National Funding | Loan and lease options | Contact for rates | As fast as 24 hours | Medical equipment across specialties | No down payment required; personalized repayment terms |
Top Medical Equipment Financing Companies of 2026
The medical equipment financing landscape continues to evolve, with leading lenders and leasing companies offering tailored solutions for health care providers' financing needs. Medical equipment remains the most financed equipment category in the U.S., with an estimated 84% of acquisitions made via loan or lease. Here are the top medical equipment financing lenders for 2026.
Clarify Capital
Clarify Capital leads the way with unmatched access to multiple lenders and a streamlined application process, making it a top choice for those seeking efficiency and competitive terms. We stand out among medical equipment financing lenders as a modern broker platform that connects health care providers with a wide network of lenders. Through a single, streamlined application, borrowers can access multiple funding options tailored to their specific financing needs.
Best-fit borrower: Small to midsize practices, startups, and established health care businesses seeking competitive rates and flexible terms.
Access to 75+ lenders with one application
Personalized loan and lease offers
Transparent process with no hidden fees
Flexible terms from one to 10 years with early payoff options
Same-day to 48-hour approvals for qualified applicants
Henry Schein
Henry Schein is a trusted name among leasing companies, offering medical equipment loans and leasing solutions for practices of all sizes. Their programs support equipment upgrades, technology investments, and practice expansion.
Best-fit borrower: Medical and dental practices seeking a full-service partner for equipment, technology, and working capital financing.
100% financing available
"Route 66" financing program: no payments for six months, then low monthly payments
Terms from one to 15 years
Leasehold improvement and working capital options
Same-day approval possible
GreatAmerica Financial Services
GreatAmerica has over 20 years of experience in health care equipment finance, working with both providers and manufacturers. They offer 100% financing that bundles equipment, service, consumables, and other associated expenses into a single payment.
Best-fit borrower: Medical practices and equipment vendors seeking bundled financing with consumables and service contracts included.
100% financing, including equipment, consumables, and service
Usage-based and bundled payment programs
Consumables financing to manage ongoing inventory
Rebate programs for manufacturers and dealers
Dedicated support with deep health care industry knowledge
DLL Group
DLL Group has over 30 years of health care industry knowledge, serving providers, manufacturers, and dealers with flexible equipment financing solutions.
Best-fit borrower: Hospitals, group practices, and medical manufacturers requiring scalable, strategic financing.
100% financing, including bundled payment options
Digital tools for streamlined application and management
Flexible upgrade paths for new medical technology
Customizable repayment plans, including usage-based and bundled options
Med One Group
Med One Group specializes in flexible medical equipment financing and leasing for health care facilities of all sizes.
Best-fit borrower: Hospitals, clinics, and vendors needing creative structures and rapid access to equipment.
Deferred payment schedules available
Simple lease documents with no hidden fees
Equity Rental and other flexible leasing options
Fixed lease payments for predictable budgeting
Fast decisions and funding
National Funding
National Funding offers both loans and leases with a focus on speed and simplicity.
Best-fit borrower: Medical practices seeking low monthly payments and quick access to capital.
Funding in as little as 24 hours
No down payment requirements
Personalized payment options
Tailored repayment terms
What To Look for in a Medical Equipment Financing Lender
Choosing the right medical equipment financing partner goes beyond finding the lowest rate. As a borrower, you need to weigh several factors, especially when equipment costs can climb into six figures, and credit approval timelines impact your ability to deliver patient care.
1. Interest Rates and Repayment Flexibility
Interest rates vary based on your credit score, time in business, and lender type. Look for fixed-rate options with no prepayment penalties, especially if you plan to pay off early.
A couple of notes:
Secured loans may offer lower rates but require collateral.
Leasing may offer flexibility but result in a higher long-term cost.
How you structure the financing matters as much as the rate. In my experience, practices that match the lease term to the equipment's useful life avoid paying for tools they've already outgrown.
2. Equipment Compatibility
Not all lenders finance every type of health care tool. Confirm whether they cover the equipment needs of your medical practice, from MRI machines and x-ray systems to dental equipment, sterilizers, and cutting-edge imaging devices. Some specialize in used equipment or specific medical devices, while others only finance new equipment and the latest technology.
3. Speed and Credit Approval Process
For urgent upgrades, ask how fast the credit approval process takes. Many online lenders offer same-day decisions, while banks can take one to two weeks. Ask what documents you'll need and what minimum credit score is required.
4. Customer Support and Transparency
Fast funding is useful, but service matters too. Look for lenders that assign a dedicated advisor, provide transparent application process timelines, and clarify repayment terms before signing.
Direct Lenders vs. Brokers: What's the Difference?
Direct lenders fund loans from their own capital. Brokers (like Clarify Capital) match you with vetted lenders across the market.
| Option | Pros | Cons |
|---|---|---|
| Direct lender | Streamlined communication, consistent underwriting | Limited to one lender's terms |
| Broker | Access to 75+ programs, more flexible approvals, rate shopping | Slightly longer process if comparing multiple offers |
Working with a broker gives you options, which is ideal if your credit score is borderline or your business needs fall outside traditional guidelines.
How To Choose the Right Financing Partner
Every medical practice has different priorities when it comes to funding new or upgraded equipment. For some, preserving cash flow is key. For others, ownership and tax advantages matter more. A Section 179 tax deduction lets you write off the full purchase price of qualifying equipment in the year you buy it, which can significantly offset the down payment and total cost. Leasing won't give you that same deduction, but it keeps your lease term predictable and your cash reserves intact.
Whether you're expanding imaging capabilities or upgrading surgical tools, the right partner should understand how health care professionals operate and offer fast, flexible support when you need it. Some lenders specialize in leases; others in long-term medical equipment loans. A broker like Clarify Capital helps you compare them all in one place.
Clarify Capital: A Flexible Broker for Equipment Financing
In the fast-paced health care industry, waiting weeks for a bank to approve a loan can delay patient care. That's where Clarify Capital comes in. As a broker (not a direct lender), Clarify connects small business owners and health care providers with over 75 lending partners to find the best-fit business loans, leasing options, and working capital loans without the back-and-forth.
Complete a simple, two-minute online application, and our system matches you with financing programs tailored to your equipment needs, credit profile, and budget. A dedicated advisor walks you through terms, helping you compare offers before making a decision.
I've personally helped hundreds of health care practices find the right equipment financing solutions, from solo practitioners buying their first X-ray system to multi-specialty clinics upgrading entire surgical suites. The goal is always the same: get you the right equipment without draining your cash reserves. Many borrowers are approved within 24 hours, with funds available as quickly as the next business day.
Compare financing options with Clarify Capital today. Apply now for a personalized consultation to find the best solution for your equipment purchase.
FAQs About Medical Equipment Financing
I hear these questions regularly from health care providers researching how to fund new or used medical technology for their practice.
What Is Medical Equipment Financing, and How Does It Work?
Medical equipment financing lets health care providers spread out the cost of new or used equipment over time. Rather than paying the full amount up front, you make regular lease payments or loan repayments (often monthly) based on agreed terms.
Once you complete a simple application process, a lender (or broker like Clarify) reviews your financials and offers financing options that align with your credit profile, time in business, and the type of equipment you're buying. In most cases, the equipment itself serves as collateral.
What Credit Score Is Needed for Medical Equipment Loans?
Most lenders require a minimum credit score of 575 to 600 for approval, though stronger credit often leads to better terms. If your score is below that range, brokers can connect you with alternative financing or short-term options to get you started.
Should I Lease or Buy Medical Equipment?
If you need flexibility, want to conserve cash, or regularly upgrade medical technology, leasing might be the better option. Leases typically have lower up-front costs and make it easier to access the latest tools every few years.
Buying makes sense if you plan to use the equipment long-term and want to build value. It usually involves higher initial costs but comes with tax advantages (like Section 179) and no recurring lease obligations after repayment.
How Fast Can I Get Approved for Medical Equipment Financing?
With online lenders and brokers like Clarify Capital, approval can happen in as little as 24 hours. Traditional banks may take three to seven days or longer, depending on their application process and internal review. To speed things up, have your business documents, bank statements, and equipment quotes ready.
Michael Baynes
Co-founder, Clarify
Michael has over 15 years of experience in the business finance industry working directly with entrepreneurs. He co-founded Clarify Capital with the mission to cut through the noise in the finance industry by providing fast funding and clear answers. He holds dual degrees in Accounting and Finance from the Kelley School of Business at Indiana University. More about the Clarify team →
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