Working Capital for Optometry Practices
Optometry practices sell both eye care and eyewear, which means balancing exam-room equipment costs against a retail frame and contact lens inventory that has to be paid for before it sells. Working capital helps optometrists finance diagnostic equipment, stock inventory, and open new locations.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so optometry practices never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Diagnostic equipment such as retinal imaging systems and autorefractors represents a major upfront investment that can take years to fully depreciate.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Frame and contact lens inventory has to be purchased from vendors well before it sells to patients, tying up cash in a retail-style stockroom alongside the clinical side of the practice.
One approval, draw what you need, and return for additional funding as your optometry practices business performs. Vision insurance plans frequently reimburse on a delayed schedule, so a practice can be fully booked with exams while still waiting on payment for services already delivered.
Finance the imaging and testing equipment that keeps an optometry practice current with modern eye care.
Stock the eyewear and contact lens inventory patients expect to choose from on the spot.
Open a second location or add exam lanes to see more patients each week.
Yes, optometry practices use working capital for both sides of the business, from diagnostic equipment to frame and contact lens inventory.
Yes, we fund independent optometry practices and multi-location groups, with funding amounts based on the practice's monthly revenue.
Most optometry practices receive a decision quickly, with funds available in as little as 24 hours after approval.
Paz funds optometry practices from $2,500 to $5,000,000. Most optometry practices qualify for $20,000 - $200,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Optometry Practices funding, approved in as little as 24 hours