100% Financing for Medical Professionals
Consider using this loan to:
Loan details you should know about:
Term and amortization: 10 years (15-year is available) Longer amortizations available for large equipment as well.
· Loan sizes from $100k to $5 Million
· Conventional Financing - NO SBA GUARANTY FEES!!
· Interest rate: 7.50% - 8.50% APR Fixed for 5 years
· Loan fee of 3% to cover all costs (ex. appraisal and title fees). This is financed into the loan amount and incl. in the rate.
· NO PREPAYMENT PENALTY – pay this loan off at any time without additional fees/interest/penalties.
· The collateral for the loan is a first position lien on all business assets.(blanket UCC lien)
· Assignment of life insurance and disability or business overhead insurance for loans over $250,000.
· Personal guarantee of all owners. Borrowers must have at least one full year of experience as an associate or owner.
· Max documentation fee: $1,000 (this is covered with the 3%)
· Loan sizes vary and can be up to 100% of the purchase price in an acquisition if the practice is priced within the market
Refinances can be up to 85% of the average gross revenue of the practice for the last 3 years.
· We do not require your office lease to be co-terminus with the loan term.
· Processing time: In and out in less than 30 days, barring delays due to appraisal or insurance
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! So please give us a call today to see what we can do for you.
- Acquire a business
- Buyout a partner
- Expand your business by adding space and/or equipment
- Fund the down payment on a real estate purchase
- Improve your cash flow by refinancing existing debt including revolving accounts.
Loan details you should know about:
Term and amortization: 10 years (15-year is available) Longer amortizations available for large equipment as well.
· Loan sizes from $100k to $5 Million
· Conventional Financing - NO SBA GUARANTY FEES!!
· Interest rate: 7.50% - 8.50% APR Fixed for 5 years
· Loan fee of 3% to cover all costs (ex. appraisal and title fees). This is financed into the loan amount and incl. in the rate.
· NO PREPAYMENT PENALTY – pay this loan off at any time without additional fees/interest/penalties.
· The collateral for the loan is a first position lien on all business assets.(blanket UCC lien)
· Assignment of life insurance and disability or business overhead insurance for loans over $250,000.
· Personal guarantee of all owners. Borrowers must have at least one full year of experience as an associate or owner.
· Max documentation fee: $1,000 (this is covered with the 3%)
· Loan sizes vary and can be up to 100% of the purchase price in an acquisition if the practice is priced within the market
Refinances can be up to 85% of the average gross revenue of the practice for the last 3 years.
· We do not require your office lease to be co-terminus with the loan term.
· Processing time: In and out in less than 30 days, barring delays due to appraisal or insurance
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! So please give us a call today to see what we can do for you.