Practice Loan Details
| Date: |
April 30, 2014 |
| Title: |
$1.99MM Optometry Practice Debt Consolidation |
| Practice Type: |
Optometry Practice |
| Loan Terms: |
$1.99MM OPTOMETRY PRACTICE DEBT CONSOLIDATION, 6.00%, (Prime + 2.75%), 10-YEAR TERM |
| Scenario: |
An experienced Optometrist was looking to refinance both of his practice's debt and consolidate into one easy to manage loan.
The optometrist had a total of nine separate loans or leases outstanding including two seller notes from when he bought out his partners. At 1st Med, we saw the value in consolidating all the loans from both a cash flow and management perspective.
100% SBA 7(a) Practice Financing Structured to provide for the consolidation of all the practices outstanding debt.
Closed: 04/30/2014 |
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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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