Financing Medical Imaging Equipment: MRI, CT Scanners, and X-ray Machines

Advanced imaging technology like MRI machines, CT scanners, and X-ray systems is essential for accurate diagnostics—but the costs are steep. New MRI machines alone can exceed $1 million. Fortunately, financing medical imaging equipment allows hospitals, clinics, and private practices to acquire life-saving tools without large upfront investments.

✅ Featured Snippet Answer:

Can you finance medical imaging equipment?
Yes, you can finance medical imaging equipment like MRI, CT, and X-ray machines through loans, leasing programs, and healthcare-specific lenders.

Why Finance Imaging Equipment?

Purchasing imaging systems outright can strain capital and delay critical upgrades. Financing helps you:

• Acquire top-tier equipment without exhausting cash flow

• Preserve working capital for staff, renovations, or supplies

• Access tax benefits via depreciation or lease write-offs

• Offer better diagnostics and serve more patients

• Bundle installation, maintenance, and software into one payment

Related: Equipment Financing 101: Everything You Need to Know

Imaging Equipment Eligible for Financing

Lenders offer financing for both new and refurbished equipment, including:

• MRI machines (1.5T, 3T)

• CT scanners (16-slice to 128-slice)

• Digital X-ray machines

• Mammography units

• Fluoroscopy systems

• Ultrasound and echocardiography machines

• PACS and RIS software systems

✅ Financing can include installation, shielding, warranties, and room upgrades.

Best Medical Imaging Financing Options

🏥 1. Medical Equipment Loans

• Fixed interest rates and repayment terms (up to 84 months)

• Full ownership after final payment

• Ideal for long-term asset investment

🔁 2. Leasing Programs

• Lower upfront costs

• Option to return, upgrade, or buy at lease-end

• Useful for quickly evolving technologies

• Can include service and maintenance contracts

🏦 3. SBA 504 or 7(a) Loans

• Up to $5 million in funding

• Long repayment periods and favorable interest rates

• Use for both equipment and facility upgrades

• Best for established practices with good credit

⚕️ 4. Healthcare-Specific Lenders

• Tailored for medical practices and hospitals

• Understands billing cycles and insurance reimbursements

• Offers deferred payments or seasonal structures

• Examples: Bank of America Practice Solutions, Henry Schein Financial Services, TIAA Bank Healthcare Finance

Tip: Compare lenders based on interest rate, term flexibility, and bundled support services.

Sample Cost & Payment Estimates

What You Need to Apply

Most lenders require the following:

• Business license or tax ID

• Vendor quote or equipment proposal

• 2–3 years of business tax returns (or personal, for startups)

• Proof of medical credentials

• Credit score (typically 650+ for best rates)

• Estimated revenue and patient flow (if new location or expansion)

Related: What to Consider Before Signing an Equipment Lease Agreement

Summary: 4 Top Imaging Equipment Financing Options (Snippet-Optimized ✅)

1. Equipment loans for long-term ownership

2. Leasing programs for flexibility and upgrades

3. SBA loans for large purchases and expansions

4. Healthcare lenders for custom terms and faster approvals

Final Thoughts: Diagnose with Confidence, Finance with Flexibility

Modern diagnostic tools save lives—but they don’t have to sink your budget. With flexible medical imaging financing, your practice can access state-of-the-art equipment while maintaining financial health.

Take Action: Apply for Imaging Equipment Financing Today

Ready to invest in new diagnostic tools?
Explore loan and lease options for MRI, CT, and X-ray machines—and deliver better care with better equipment.