Financing for Medical Professionals
Use of Loan Proceeds: Practice start-up or purchase /
Expansion, partner buy-out /
Real estate or leasehold
Can include equipment, furniture, working capital.
Loan Amounts: $250,000 to $2,000,000
Cash/Equity Injection: 10% of total project costs.
Experience: Proper license and 2 years direct experience
in the industry.
Loan Terms: Term up to 25 years. Fully amortized (no
Interest Rates: Dependent upon strength of practice
Rates from P+1.25% - 2.5% variable
Collateral: No minimum for Start-ups up to $500,000
No minimum for Acquisitions to $1,000,000
Personal Guaranty: SBA requires from all 20% or more
Life Insurance: Key man life insurance may be required
Our underwriters are professionally trained to keep the
interest of the professional a priority. They are
experienced in working with borrowers of all sizes. Thus,
they can fund loans anywhere in the country.
Tel: (401) 453-5600