Healthcare & Medical Business Loans Singapore

Starting a medical clinic in Singapore typically requires S$300K-S$800K depending on specialty and location. This includes MOH licensing (S$20K-S$50K), clinic renovation (S$150K-S$350K), medical equipment (S$100K-S$300K), and 6 months working capital. Specialist practices like dental or aesthetic clinics require higher capital due to specialized equipment.

Yes, banks and specialized healthcare lenders offer equipment financing up to S$2M for advanced medical equipment. The equipment serves as collateral, typically requiring 20-30% down payment. Repayment terms of 5-10 years align with equipment lifespan. Some lenders partner with medical equipment suppliers for streamlined approval processes.

MOH requires registered medical practitioners, compliant clinic premises meeting safety standards, proper medical equipment, insurance coverage, and quality assurance systems. Application fees range S$20K-S$50K. Banks prefer borrowers who have secured or are close to securing MOH approval before loan disbursement. Budget 3-6 months for the licensing process.

Yes, many banks offer special programs for medical professionals with reduced collateral requirements. Fresh specialists can access S$200K-S$500K based on earning potential and specialty. Requirements include medical degree verification, specialist certification, and detailed business plan. Personal guarantees are mandatory, but some banks waive property collateral for established specialties.

Medical clinic rentals vary by location: Central Business District (S$15-S$30 psf), Shopping malls (S$12-S$25 psf), HDB commercial (S$8-S$15 psf), Standalone medical suites (S$10-S$20 psf). Banks require rent to be below 15% of projected revenue. Factor in 6-12 months deposit and accessibility requirements for patient care.

Banks offer combined financing packages covering both premises and equipment. Typical structure: property/renovation loan (7-15 years) plus equipment financing (5-10 years) under one application. This simplifies cash flow management with consolidated payments. Total financing can reach S$1-2M for comprehensive clinic establishment. Some lenders offer 3-6 months grace periods for setup phase.

Required documents include: medical qualifications and SMC registration, MOH license or application status, clinic rental agreement, equipment quotations, 2-year financial projections with patient volume assumptions, personal bank statements (6 months), existing practice financials if applicable, and malpractice insurance coverage. Strong credentials can compensate for limited financial history.

Yes, practice acquisition loans are available for S$300K-S$3M covering goodwill, equipment, and transition costs. Banks evaluate patient retention rates, historical revenue (prefer 3+ years), lease terms, and specialist qualifications. Seller financing combined with bank loans can reduce upfront capital needs. Due diligence period of 2-3 months is typical before loan approval.

Medical practices face 30-60 day insurance claim processing times. Solutions include: working capital facilities for cash flow gaps, factoring arrangements for insurance receivables, and maintaining 3-6 months operating reserves. Banks offer specialized healthcare working capital with flexible drawdown based on claim submissions. This ensures uninterrupted operations during payment cycles.

Healthcare practice loans range 4.5-12% annually: Established practices with strong patient base (4.5-7%), New practices by experienced specialists (6-9%), Fresh graduates or specialized equipment (8-12%). Medical professionals often receive preferential rates due to stable income potential. Factor in processing fees (1-2%) and compare at least 3 healthcare-specialized lenders for best terms.