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United Medical Credit business loans review

This merchant cash advance connection service specializes in medical and dental practice loans.

  • Best for medical practices that need to cover an emergency expense.
  • Pick something else if you need long-term funding.


Min. Amount$5,000
Max. Amount$500,000
Loan Term1 to 24 months
APRFlat fee
RequirementsAt least 3 years in business, $250,000+ annual revenue

How much will this loan cost me?

United Medical Credit doesn't disclose what costs you can expect from its partners. But merchant cash advances are expensive. They come with a flat fee instead of interest, which you repay along with the loan balance with a percentage of your sales. In the most extreme cases, these fees can be fees equivalent to an APR as high as 300% — though rates also can start under 10% APR, depending on the provider.

The best way to get an idea of the costs is to get preapproved. This provider only relies on a soft credit check to match you with a partner lender, so signing up won't affect your credit.

Loans range from $5,000 to $500,000 with terms from one to 24 months. You can use the calculator below to see how much a loan might cost you at the APR, terms and loan amounts you think your business can qualify for before applying.

Business loan calculator

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How it works

Your loan amount, term and APR typically depend on factors like your business's revenue, time in business and your personal credit score. Often, short-term lenders look at revenue and are available to businesses that are just starting out and owners with bad credit.

Generally, you need to show that your business has the revenue to support repayments on loan amount and terms you're applying for.

What do I need to qualify?

Your business must have at least three years in business and make at least $250,000 in annual revenue to qualify for a loan with one of United Medical Credit's partner lenders. But its partners might have other requirements, such as credit score or restrictions on industry.

What information do I need to sign up?

Have the following information ready before you sign up to get connected with one of United Medical Credit's partners:

  • Business start date
  • Business contact information
  • Personal contact information for all owners
  • Employer identification number
  • Social Security number for all owners
  • Gross annual revenue
  • Average business bank balance
  • Average monthly credit card sales
  • Landlord's contact information if you rent a commercial space
  • Information on outstanding merchant cash advances
  • Three most recent bank statements
  • Copy of your month-to-date bank transactions

You might need to provide additional information once you're connected with a lender.

What industries does United Medical Credit work with?

United Medical Credit specializes in funding medical and dental practices — especially the following types of healthcare providers.

  • Primary care physicians
  • Specialists
  • Mental health providers
  • Dentists
  • Orthodontists
  • Cosmetic surgeons
  • Physical therapists
  • Optometrists
  • Ophthalmologists
  • Medical supply stores
  • Other private practices

Other types of businesses can also qualify with its partners. But they might not get the same specialized service that medical practices receive.

Pros and cons

United Medical Credit could be a good choice if you have a medical practice and have an emergency expense. But it might not always be the best option.


  • Specialist walks you through the process
  • No hard credit check
  • Live chat on website


  • Not transparent about costs
  • Requires at least three years in business
  • Terms as short as one month

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Compare up to 4 providers

Is United Medical Credit legit?

United Medical Credit is a legitimate connection service. According to its privacy policy, it doesn't share your personal information with third parties without your consent. And it provides an option to limit information-sharing even further.

But it's not a lender — and like many connection services, it doesn't provide a list of lenders it works with. This makes it difficult to control who receives your information or understand how it will be used until after you sign up. If you're concerned about security, consider applying through a lender directly rather than a connection service.

United Medical Credit reviews and complaints

BBB accredited No
BBB rating A+
BBB customer reviews 3.3 out of 5 stars, based on 7 customer reviews
BBB customer complaints 1 customer complaints
Customer reviews verified as of 12 October 2020

United Medical Credit barely gets any customer reviews at all. And since its business loan program is relatively new there are no customer reviews of the program yet.

Most comments are complaints about the high cost — which has more to do with the lender than the service United Medical Credit provides. But one reviewer notes they were pleased with how helpful and responsive its customer service team was.

How do I sign up?

You can sign up to get connected with one of United Medical Credit's partners by filling out a form on its website. But it's not exactly obvious where to find the business loan form. You'll have to follow these steps.

  1. Go to the United Medical Credit website.
  2. Scroll down to the bottom of the page and search for Apply for a business loan.
  3. Select Apply for a business loan and follow the directions to fill out the one-page form with information about yourself and your business.
  4. Review the disclosures and hit Submit application.

What happens after I submit the form?

After you submit the form, you'll be prompted to email three months' worth of business bank statements and a month-to-date record of business transactions. You should receive a response with offers, which a United Medical Credit loans expert can walk you through.

After you pick a lender, follow the directions to complete your business loan application and submit any additional documents. You can receive your funds in as little as 48 hours.

How do repayments work?

You'll make repayments directly to your lender, not United Medical Credit. It doesn't disclose how repayments work with its providers, but typically merchant cash advances require you to pay a percentage of your daily credit card sales until your loan is paid off.

In some cases, repayments might be weekly, not daily. And you might have to make a minimum monthly repayment, regardless of your sales.

You can find information about repayments, including when they're due, in your loan contract. Reach out to your lender's customer support team if you have any concerns.

See how United Medical Practice compares to other providers by visiting our guide to business loans.

Frequently asked questions

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

United Medical Credit is a connection service that specializes in helping medical practices and dental practices find merchant cash advances. It launched this product during the coronavirus outbreak as a cashflow solution when patients stopped making appointments. But you can use it to cover any short-term business cost.

These types of loans are easier to qualify for with your average bank loan — or even your average online loan. But this provider doesn’t disclose the cost and merchant cash advances are known to get expensive. If you have time, you might want to look into other options that typically cost less.

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