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.
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.
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
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.
Fixed interest rates and repayment terms (up to 84 months)
Full ownership after final payment
Ideal for long-term asset investment
Lower upfront costs
Option to return, upgrade, or buy at lease-end
Useful for quickly evolving technologies
Can include service and maintenance contracts
Long repayment periods and favorable interest rates
Use for both equipment and facility upgrades
Best for established practices with good credit
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.
| Equipment Type | Estimated Cost | Loan Term | Monthly Payment |
|---|---|---|---|
| Digital X-ray Unit | $75,000 | 60 months | ~$1,425/month |
| 32-Slice CT Scanner | $300,000 | 72 months | ~$5,100/month |
| 1.5T MRI Machine | $850,000 | 84 months | ~$11,600/month |
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
Equipment loans for long-term ownership
Leasing programs for flexibility and upgrades
SBA loans for large purchases and expansions
Healthcare lenders for custom terms and faster approvals
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.
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.