Medical Equipment Affordability Calculator

What to do with your result

If the monthly payment shown fits within your operating budget, you likely qualify—the next step is a soft-pull rate check, which takes 2 minutes and won't touch your credit score. Actual rates depend on your credit profile, practice revenue, and how long you've been in business.

What changes your rate or payment

• Credit score (FICO). Scores of 740+ typically qualify for the best rates; 620–679 (fair credit) usually adds 2–4 percentage points. See what options exist with fair or challenged credit.
• Down payment. A 20–25% down payment lowers your loan amount and monthly obligation. Many practices put down 15–20% for diagnostic or mobility equipment.
• Loan term. Spreading payments over 60–84 months cuts monthly costs but increases total interest. Equipment terms max out at 84 months; shorter terms (36–48 months) lower interest cost.
• Time in business. Lenders require 24+ months of operating history. Newer practices may see higher rates or need a co-signer or larger down payment.
• Revenue & debt-service coverage. Lenders review 3–6 months of bank statements. A debt-service coverage ratio of 1.25x or higher (your monthly revenue compared to all loan payments) strengthens approval odds.

How to use this calculator

• Enter equipment cost. Input the full purchase price of the diagnostic, mobility, or therapeutic equipment you're financing—ultrasound machines, physical therapy tables, mobility aids, or other diagnostic gear.
• Adjust down payment. Most practices put down 15–25%. Increasing it lowers your monthly payment and improves your approval odds.
• Set your term. Longer terms (60–84 months) mean lower monthly payments; shorter terms (36–48 months) mean less interest paid. Compare what works for your cash flow.
• Enter an estimated rate. If you know your credit tier, use our best medical equipment lenders comparison to pick a realistic APR. Default 10.5% represents mid-tier credit (700–739 FICO); adjust for your situation.
• Review your payment. The result shows your estimated monthly payment. Check this against your monthly revenue—lenders prefer total equipment debt service to stay under 30% of gross revenue.

Remember: this is an estimate. Leasing vs. buying may also make sense depending on your tax situation and equipment lifecycle—especially for high-depreciation items like diagnostic tools.

Bottom line

Your affordable monthly payment is one thing; qualifying depends on credit, cash flow, and business history. A soft-pull pre-qualification takes 2 minutes and shows you real rates from lenders who specialize in healthcare equipment—no credit-score hit, no obligation.