Practice Loan Details
| Date: |
July 23, 2013 |
| Title: |
$802K Optometry Practice Partner Buy-Out |
| Practice Type: |
Optometry Practice |
| Loan Terms: |
$802K OPTOMETRY PRACTICE ACQUISITION, 6.22%, 10-YEAR FIXED TERM |
| Scenario: |
An Associate Optometrist was looking to buy-out his partner. Due to an outstanding lien from a previous business venture the Doctor was having a difficult time receiving financing on favorable terms.
He approached 1st Med to see if there were any financing options available for his situation.
100% Conventional Practice Buy-Out Financing structured to cover the practice assets, goodwill, outstanding lien on previous business venture & working capital. |
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1st Med Advantages
 48 Hour Pre-Approvals |
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| Direct Industry Knowledge |
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| Streamlined Closing Process |
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| No Up-Front or APP Fees Ever! |
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