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The purpose of physician loans
1. The Purpose of Physician Loans
The doctor loans scheme is specifically meant to help young physicians set up a clinic and practice their
profession with intense dedication. This grant is beneficial for newbies as they are always found to be in
need of funds to start practicing. It is the reason why there is so much demand for this grant in the loan
market. Lenders like banks and other financial institutions are one step ahead in making this loan
available to people. It is its rampant availability that makes this fund extremely adorable. Keeping the
Christmas season into consideration, lenders have started to approve more applications so that young
doctors can open their new clinics soon.
The physician loans are available for the following purposes:
Launch and Development of a Clinic – This funding allows healthcare professionals to start a clinic on
completion of their medical courses. An existing health center can also use the fund for its development.
Renovations can be made to attract more patients and to introduce all facilities within the building. A
clinic has to be modern as patients look forward for treatment in hospitals that have all the modern
facilities.
Purchase of Sophisticated Equipments - Sophisticated equipments can be purchased when the health
center owner finds loans. There is the need of good diagnostic equipments for diagnosing diseases of
visiting patients. Thus, the right equipments need to be installed for which the clinic owner has to
borrow money from financers. The diagnostic equipments come expensive and so it is not easy to buy
them off directly. So, borrowing becomes mandatory for almost all physicians who want all latest
equipments installed in their diagnostic clinics.
Hiring employees – It is not possible for a health center to operate without employees. Sufficient
number of employees should be hired so as to ensure that patients are attended with care and all their
attention needs get fulfilled. There is also the need to hire skilled workers, technicians and others to
ensure everyday functioning of the clinic.
Setting an Operation Theatre – It is an absolute need of every clinic to have a unit where patients can
be operated. And an operation theatre obviously invites for investment. To help physicians set up an
operation theatre, small business loans are made available by financers. The grant brings sufficient
capital for the organization to build an operation theatre of its own.
Purchase of Other Office Equipments – For the unhindered functioning of a health center, extra
equipments should be purchased. It includes devices such as air-conditioners, fax machines, computers,
intercoms, and furnitures. These are available at varying rates and entrepreneurs should buy them
according to his or her budget.
A Car or an Ambulance – To commute patients from their residence to the health center, an ambulance
is required. The ambulance should be comfortable inside and should at-least have oxygen facility. It is of
great help to bring serious patients in the clinic for treatment. But, an ambulance also does not come
2. cheap for which loans become mandatory. It is good to have an ambulance for it helps to build the
reputation of a health center and deliver instant medical attention to the sick patients.