Practice Loan Details

Date: July 18, 2018
Title: $694K Dental Practice Acquisition
Practice Type: Dental Practice
Loan Terms: $694K DENTAL PRACTICE ACQUISITION 7.25%, (Prime + 2.25%), 10-YEAR TERM

Scenario: A recent dental school graduate, just a few months out of school was working as an associate and had an amazing opportunity to purchase that particular practice. Due to the fact she was only out of school for a short time she was having an extremely difficult time finding financing. She knew she had to move quickly or another buyer would purchase her dream practice.

That is when the doctor came to 1st Med Financial for help. The main issue was that the doctor only had a couple of months experience as an associate. 1st Med Financial worked with the doctor and all affiliated parties to get the deal completed

SBA 7(a)Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital.

Closed: 7/18/2018



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