Medical Program Details

  • Funding amount – Up to $10,000
  • Credit Spectrum – 850 FICO down to approximately 580 (in some cases)
  • Program Underwriting Approval time – 3 weeks to 4 weeks
  • Interest Rate: 17.99%-23.99% (Interest rate is dependent on the industry, if there is servicing, and how much reserve we hold back.)

Eligible Industries

Aesthetics Audiologist Cosmetic Surgery Dentist
Hair Restoration Holistic Medicine LASIK Medical Devices Medical Spa

Medical Weight Loss
Men’s Health
Oral & Maxillofacial Procedures
Orthodontist
Pain Management

Plastic Surgery Podiatrist Primary Care Surgery Center Veterinary

By offering financing, you have the opportunity to tap into the 36% market potential that has a credit score below 680.  TGUC Financial can help you free up time to do the work that is important to you and help you grow your business.  TGUC Financial has three financing options.  They have varying yields, time frames, and risk.  We can help you choose the option that works best for you.

In addition to the options outlined below, you can offer a 6-month (185 day) promo with no interest – at your autonomy.  As far as the terms, we typically like to see 12 to 24 months, but it can be extended to 36 to 48 months upon approval.

 

  • Client Billing Option – your client pays monthly loan payments and you receive the payments monthly.  This option has the highest yield of 108% and the longest time frame of twelve months.  This option also has the highest risk as you own the risk for twelve months.
    • Basically, a line of credit
    • You receive ALL interest (typically around 17.9%)
    • You own the loan and get paid monthly (once we’re paid). If we’re not paid, you don’t get paid. But, we will reach out to the client and make every effort to get the account back on track. 
    • COST – One-time $7.99 account load fee (per account), $8 or $12 per month, per account. $8 if auto pay, $12 if no autopay

 

  • Billing to Purchase Option – your client pays monthly payments which you receive until TGUC Financial investors purchase the rest of the loan.  This option has a higher yield of 91% and a shorter time frame of about three months.  This option also has a lower risk since you own the risk for about three of the twelve months.
    • We typically buy upon review, (but generally like to see 25% of the loan paid down and on time/current pay history before purchasing your accounts).

 

  • Upfront Purchase Option – TGUC Financial investors may purchase the loan outright at origination.  This option has the lowest yield of 84% and the shortest time frame of zero months.  This option also has the lowest risk since TGUC Financial investors own all the risk.  Please note that TGUC Financial investors do not commit to purchase all consumer loans.  Talk to us about your options, including any limitations and expectations.
    • Typically for business that can stand on their own. 
    • Reserve – We take a percentage and put in a reserve and hold it up to 12 months. 
    • Reserve is dependent on credit spectrum
    • After 12 months (starting after 1st payment) we assess every 3 months for distribution of funds. 
    • If account is defaulted and exceeds refund, there is no refund.

 

  • Startup Option
    • Sometimes our clients may not qualify for the previous options, so we have a servicing option. We start servicing accounts and see how they perform and then grow you into our other options. Many of our clients started here and have grown into our other products. 

 

If you are ready to proceed to underwriting, please complete our pre-qualify form here.

If you have more questions and would like to setup a call please contact us.