Aesthetic laser and med spa equipment financing

Aesthetic devices are the equipment a med spa is built on, and the decision a dermatology or plastic surgery practice makes when it adds a cash-pay service line. iFinancial Group finances lasers, IPL, resurfacing and body contouring devices, new or refurbished, on a one-page application. No tax returns and no audited financial statements to apply, no minimum and up to $1,000,000.

Who you're dealing with

iFinancial Group has funded equipment since 1997, roughly $600 million of it, in all 50 states. We're a direct lender, not a broker, so the file is underwritten in house and not shopped around. Our customers have ranged from independent manufacturers to global technology companies. We've barely advertised in almost three decades. The business came from repeat customers, referrals, and vendors sending us their customers.

What you're financing

Laser hair removal and IPL platforms typically run about $40,000 to $120,000 new. Fractional and resurfacing lasers run roughly $80,000 to $180,000. Body contouring, skin tightening and multi-application platforms run $100,000 to $250,000.

Those are market ranges. The platform, the number of handpieces and applications and the manufacturer move them.

What goes on the same approval

The device, additional handpieces and applicators, the treatment chairs and the room equipment go on one approval, and several devices for a new location go on one approval together. Installation, clinical training and the launch support the manufacturer sells with the device are soft costs and can ride on the same deal, on many deals up to 30% of the total.

Consumables and per-treatment fees are usually kept separate from the equipment.

Who buys them and how the payment gets covered

Med spas, dermatology and plastic surgery practices, and primary care, OB/GYN and dental practices adding aesthetics. The revenue is cash pay by the treatment or the package, so a device on a full schedule covers its payment with a handful of treatments a month.

A new med spa or a new service line ramps. A deferred first payment, typically up to 90 days, or step payments can carry the start.

New, refurbished or used

Refurbished aesthetic devices commonly sell at 40 to 60 percent of new, and the refurbished market is large because practices upgrade platforms often. Refurbished devices from a refurbisher and used devices from another practice are both financeable here.

On a used device, the hours or pulse count, the handpiece condition and whether the manufacturer will transfer service and software are what matter. On the financing side it's the invoice or bill of sale, the serial number and proof of what was paid.

The new med spa question

Many med spas are new businesses when they buy their first devices. Being new is not a decline here on its own. It starts with the one-page application, and a newer business will typically need a little more up front, usually the owner's and the medical director's background and the plan for the location.

How it works with iFinancial Group

It's the same one-page application whether the equipment is small or the deal runs to $1,000,000: no tax returns and no audited financial statements to apply, no minimum and up to $1,000,000. Decisions typically come back within 24 hours, and an approval holds up to 60 days. New and used equipment, terms up to 84 months, and soft costs up to 30% so freight, setup and training can go in the same deal. Payment structures beyond level payments are there when the equipment earns unevenly. We've been doing this since 1997, in all 50 states.

Other medical and dental equipment: dental operatory equipment, CBCT scanner, dental CAD/CAM system, ultrasound machine, digital X-ray system, veterinary equipment, ophthalmic equipment. Or start with medical and dental equipment financing.