Flexible financing for licensed professionals — but watch out for prepayment penalties.

  • Best for healthcare professionals and startups.
  • Pick something else if you need to borrow a large loan to fund your business.


    Min. Amount


    Max. Amount


    Product Name BHG business loans
    Min. Amount $20,000
    Max. Amount $500,000
    Loan Term 1 to 10 years
    Min. Credit Score 660
    APR Starting at 6.99%
    Requirements 660+ credit score, no bankruptcies in the past year, licensed professional

    How much will this loan cost me?

    BHG offers unsecured loans of $20,000 and $500,000. Its rates start at 6.99%, and terms range from 1 to 10 years.

    There’s no fee to apply, but you have to 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.

    You can estimate your business’s monthly payment using the calculator below.

    Business loan calculator

    See how much you’ll pay

    Your loan
    Loan amount
    Loan terms (in years)
    Interest rate

    Fill out the form and click on “Calculate” to see your estimated monthly payment.


    Compare business loans now

    How it works

    BHG doesn’t provide exact numbers on how it determines your rate. But like all lenders, it will likely depend on your time in business, revenue and current debt. Because BHG factors your personal information into its decision, your income and credit score may also play a role in the APR you’re offered. The better your business and personal finances, the more likely you are to score a low rate and qualify for a larger laon amount.

    What do I need 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 information do I need to apply?

    When you fill out its online application, be prepared to submit the following details:

    • Annual personal income
    • Professional medical title, specialty and licensed state
    • Social Security number
    • Date of birth
    • Business structure, sales and your ownership percentage

    Once you submit your application, you may also have to supply proof of income, a copy of your government-issued photo ID and a completed IRS Form 8821, which gives it permission to verify your business’s last two years of tax returns.

    What industries does BHG work with?

    While BHG places a large focus on businesses in the healthcare industry, it recently launched a division called Pro Funding that offers financing to other industries that require a professional license. These include law firms, CPAs, engineering firms and architecture firms — among others.

    What other types of financing does BHG offer?

    BHG 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 healthcare professionals:

    Loan amount Loan term
    Startup loans
    $20,000 to $200,000
    Up to 10 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.


    • Business or practice ownership not required
    • No hard annual revenue or time-in-business criteria
    • Multiple loans OK


    • Approval may take up to four days
    • Some loans have prepayment penalties
    • Not reported to any credit bureaus

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