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BHG Money business loans review

Flexible financing for licensed professionals — but watch out for prepayment penalties.’s rating: 4.35 / 5.0


Bottom line: This lender offers straightforward business loans tailored to the needs of professionals. But it’s maximum loan amounts are lower than what you’ll find with the competition.


Min. Amount$20,000
Max. Amount$250,000
Loan Term1 to 12 years
Min. Credit Score660
APRStarting at 7.99%
Requirements660+ credit score, no bankruptcies in the past year, licensed professional
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  • Business or practice ownership not required
  • No hard annual revenue or time-in-business criteria
  • Multiple loans OK


  • Approval may take up to three days
  • Some loans have prepayment penalties
  • Doesn’t report on-time repayments to credit bureaus

BHG Money rates, fees and terms

BHG Money, formerly Bankers Healthcare Group, offers unsecured loans of $20,000 and $250,000. Its rates start at 7.99%, and terms range from 3 to 12 years.

There’s no fee to apply, but you must pay a closing fee of 1% to 3% of the loan amount, usually rolled into the loan balance. Some loans may also have a prepayment penalty.

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How BHG Money compares to other providers

Here's how this online lender compares to other online business loan providers.

BHG business loans

ROK Financial business loans


Finder rating 4.35 / 5


Finder rating 4.7 / 5

Go to site

Go to site

Loan amount

$20,000 – $250,000

Loan amount

$10,000 – $5,000,000


Starting at 7.99%


Starting at 6%

Loan Term

1 to 12 years

Loan Term

6 to 120 months


660+ credit score, no bankruptcies in the past year, licensed professional


Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales

BHG Money reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 4.62 out of 5 stars, based on 192 customer reviews
BBB customer complaints 123 customer complaints
Trustpilot Score 4.6 out of 5 stars, based on 1,377 customer reviews
Customer reviews verified as of 22 February 2021

BHG Money gets mostly positive online reviews, though a few customers share negative experiences. Many are pleased with the professionalism of the BHG team and speed of the process.

However, several customers complain about high interest rates and prepayment penalties. And reviewers who aren't signed up with the service have also submitted complaints to the BBB about a high volume of marketing material, while other types of complaints have their details hidden.

How to qualify

There are only a few hard requirements to get most BHG business loans:

  • Minimum credit score of 660
  • No bankruptcies in the past year
  • Licensed professional

While BHG considers factors such as your business revenue and time in business when reviewing your application, there are no hard minimums. And you don’t necessarily have to be the owner of a physical practice to qualify — just a licensed professional.

What industries does BHG Money work with?

This lender originally placed a large focus on businesses in the healthcare industry, but it now offers financing to other industries that require a professional license. These include law firms, CPAs, engineering firms and architecture firms — among others.

How the application works

Get started on your application over the phone or by filling out a short form online.

  1. Submit the application and required documents. You'll receive a decision in as little as 24 hours.
  2. Sign your loan documents if you're happy with the offer. It may take three or more days to receive your funds.
  3. Make monthly payments. Pick your due date, and enroll in automatic payments.

What sets it apart

BHG Money is one of the few online lenders that got its start specializing healthcare provider financing. Its loans are structured to rely on your practice rather than your personal assets, so there's generally no personal collateral requirement. And applying won't affect your personal credit score.

But like many online business lenders, it's not upfront about the cost of the loan — you'll have to dig through some FAQs to find the starting rate.

More types of financing available through BHG Money

BHG Money also offers three business credit card options for its customers. APR ranges from 10.99% to 20.99%.

It also offers three additional loan options for professionals:

Startup loans

$20,000 to $250,000

Up to 12 years

SBA loans

Up to $5 million

Up to 25 years

Personal loans

Up to $200,000

Up to 7 years

BHG Patient Lending

BHG Patient Lending allows you to offer financing for your patients. All credit scores are accepted, and your patient will have the ability to choose their monthly payment amount and due date. However, BHG doesn’t provide a list of rates and fees your patients will pay.

To get started, reach out to a BHG representative to see if your business might benefit from its Patient Lending program.

Is BHG Money legit?

Yes, BHG Money is a legit lender. Its website and application are both encrypted to keep your information safe, and it offers a variety of tools and information to help you make a good decision for your finances.

It has a clear privacy policy that describes how it collects and uses your information. And its FAQ provides additional information about its services and how your loan will work.

BHG could be the right choice for medical professionals. But before you apply, compare it to our best picks for business loans so you can make an informed decision for your business.

See other top business loan options

Use this table to compare more loans that your business might be eligible for.

1 – 5 of 5
Name Product Filter Values Min. Amount Max. Amount APR Requirements

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
Starting at 6.50%
6+ months in business; $100,000+ annual revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Compare up to 4 providers

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

BHG Money provides business loans tailored to professionals. It’s flexible for a business lender — there are no hard revenue and time-in-business requirements — and a representative walks each applicant through the process and offers a personalized product based on your needs.

However, it’s not ideal if you need money right away or don’t have much time to spend on the application. While BHG isn’t the slowest lender out there, it may take three business days to receive your funds.

To see what else your practice could qualify for, compare more business loan options.

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