MissionFund.AI

Healthcare and Medical

MRI Machine Financing

An MRI system is one of the largest purchases an imaging center, orthopedic group, or hospital outpatient department will ever make. Between the magnet, the shielded room, cooling, electrical work, and installation, the total project often runs well into seven figures. For many owners, the question isn't whether MRI makes sense, it's how to pay for it without draining the business.

MissionFund helps you finance the whole project, not just the scanner. We check your options with a soft credit pull and compare 60+ lending sources, including lenders that regularly fund large imaging projects and understand the site work that comes with them. Funding reaches $5MM+.

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Programs that fitFMV LeaseEFASBA Loans

MRI Equipment We Help You Finance

  • 01

    Closed MRI

    Closed bore systems are the standard for high image quality and the widest range of exams, from neuro to body to cardiac. Most outpatient centers choose 1.5T for versatility, while 3T systems suit practices focused on advanced neuro and musculoskeletal work. Compare bore width, which affects patient comfort, along with coil packages, scan time software, and helium use. Newer low helium magnets can reduce refill costs and venting requirements. Refurbished closed MRI systems are a popular way to enter the market, and lenders finance them regularly when a reputable vendor stands behind the unit.

  • 02

    Open MRI

    Open MRI systems use a magnet design that leaves the sides open, which many claustrophobic and larger patients find easier to tolerate. Field strengths are generally lower than closed systems, so scans can take longer, but open units often need less shielding and a smaller footprint. They fit well in independent imaging centers that market to referring physicians looking for a comfortable option. When comparing units, weigh patient table capacity, coil selection, and the upgrade path the manufacturer offers.

  • 03

    Extremity MRI

    An extremity MRI is a compact scanner built for knees, ankles, feet, hands, wrists, and elbows. Orthopedic and podiatry practices use them to keep imaging in house instead of referring out. Because the patient sits or reclines with only the limb inside the magnet, these units need much less space and often less site work than a whole body system. Consider the list of body parts supported, image quality for your specialty, and whether the unit can go into an existing exam room.

  • 04

    Shielding and Site Work

    Every MRI needs a radiofrequency shielded room, and many need magnetic shielding, a quench pipe, dedicated chillers, and upgraded power. Site work can also involve structural reinforcement, rigging, and interior finishes. This work is often a large share of the total project, so it's worth including in your financing from the start. Get detailed quotes from your vendor and contractor so lenders can see the full scope.

Why Finance an MRI Instead of Paying Cash

An MRI project is large enough that paying cash can leave a practice short on working funds just as it's ramping up referrals. Financing lets scan volume help cover the monthly cost while you keep reserves for staff, marketing, and service contracts.

It also keeps your credit lines open and can make a future upgrade easier, especially with a lease. Equipment purchases may qualify for Section 179 deductions; check with your tax professional.

What Your Financing Can Include

Depending on the lender, an MRI package can include:

  • RF and magnetic shielding, quench piping, and chillers
  • Electrical upgrades and HVAC changes for the scan room
  • Rigging, crane service, and delivery
  • Installation, calibration, and applications training
  • Coils, patient monitoring, and MR safe accessories
  • Interior finishes and construction for the suite

Programs That Work Well for MRI

  • Program

    Fair Market Value (FMV) Lease

    Lower payments, then upgrade, keep leasing, buy at fair market value, or return it, useful when you want room to move to newer technology.

  • Program

    SBA Loans

    Government backed loans up to $5MM for larger projects, including building out a new imaging center.

New Business or Established, We Can Help

New imaging centers can pursue equipment financing from day one, though large MRI projects usually get a closer look at experience and plans. Established practices can add a second magnet or replace an aging system. See our full healthcare and medical financing page or compare CT scanner financing.

What You'll Need

Most MRI projects exceed $150K, so lenders will usually ask for financial statements and tax returns along with the application. Vendor and contractor quotes help them see the full scope. At funding, a driver's license and the final invoices are often all that's left.

Frequently Asked Questions

Still have a question?

Talk to a real person. We're happy to walk you through your options.

Can I finance a refurbished MRI?

Yes. Refurbished MRI systems are commonly financed, especially when they come from an established vendor with installation support and a service plan. Newer refurbished magnets tend to have the widest lender appetite.

Can shielding and construction be included in MRI financing?

Often, yes. Many lenders include shielding, electrical work, and room construction as part of the project, depending on the lender and how the costs are documented.

Is an extremity MRI easier to finance than a whole body system?

Smaller projects typically involve less documentation, and an extremity unit usually costs far less. Lenders still review your practice, but the process can be simpler.

Do lenders finance mobile MRI units?

Some do. A mobile MRI trailer can be financed as equipment, and some lenders treat the trailer and scanner together. Tell us how you plan to use it so we can find the right fit.

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