Savings For Patients, No Additional Cost To Providers
From the beginning, Proceed Finance’s mission has been to make significant, life-changing treatments more affordable to more patients. Today, we’re advancing our mission in one of the biggest ways yet. Effective March 4, 2025, Proceed Finance is lowering our rates!
We’re also reaffirming our commitment to doing financing differently. These lower rates aren’t a special promotion. We aren’t into playing number games, either: Our provider fees are NOT increasing with this change. No gimmicks, no gotchas. Just savings.
Explore all the essential information below. When your patients are ready to apply, log into our platform to get started.
The Lowdown
On Lower Rates
Estimate Your Monthly Payment
Select the treatment type, enter the desired amount, and the length of the loan to estimate the annual percentage rate and monthly payments based on a sample credit score rating.
*CO and GA minimum is $3,000 and MA minimum is $6,000.
“The application was easy to fill out & they have excellent terms, you pick what is best for your budget. I would not hesitate to use Proceed Finance in the future.”
FAQs
Are you changing anything other than patient interest rates (e.g. loan term length, provider fees, etc.)?
No, we are not making any other changes to our loan terms or provider fees at this time.
However, coinciding with this change, Optum Bank has become the sole originator for Proceed Finance loans; our loan documents have changed to reflect this. We have automatically applied this update in our platform. There is nothing you need to do on your end.
I have a patient who pre-qualified before 3/4/2025. Can they finalize their loan at a lower rate?
Although our pre-qualifications are good for 90 days (assuming we have not made a hard credit inquiry), they are based on the borrower’s credit profile and the associated rate(s) at the time of the pre-qualification. Patients have the option to re-apply, but because credit scores can change in a short period of time, we cannot guarantee they will pre-qualify again for ANY offer.
How will my patients know their APR?
We encourage patients to submit an application with us. (It won’t impact their credit score.) If they pre-qualify, we will show them the loan principal, repayment term, APR, and monthly payment with their offer. Otherwise, patients can use our online payment calculator. Although this isn’t an offer of credit, patients can get a general idea of what their APR and monthly payment might be if they do pre-qualify. Our payment calculator is always updated to reflect our current terms.
What should I do with your brochures that show the old APR range?
Please destroy any old brochures in your office. You can simply throw them away. We have mailed replacements to all of our providers; if you haven’t received them by 3/13/25, please order new brochures from our online marketing store.
I have a question about something else.
Our provider support team is happy answer any questions you may have. Call us at (844) 272-7587 from 7 a.m.-7 p.m. CT Monday through Friday. You can also email us anytime at providersupport@proceedfinance.com.
