Recent Closings

Scenario:

A dentist in Washington DC was looking for 100% financing and working capital for a dental practice acquisition.

Closed: 07/31/2024

Scenario:

A Pediatrician was looking to start up a practice in New Jersey.

Closed: 07/01/2024

Scenario:

A dentist in Florida was looking to purchase his first practice. He required 100% financing along with working capital.

Closed: 06/19/2024

Scenario:

A Veterinarian in Texas needed a loan to start up her first veterinary practice. She was looking for a conventional loan option.

Closed: 05/03/2024

Scenario:

A dentist in Illinois wanted a working capital loan to help grow his practice. He was not willing to refinance his current debt because it had a great rate and term and needed a 10 year loan that did not require 1st Lien position on his practice.

Closed: 2/23/2024

Scenario:

A successful dentist in North Carolina was looking to purchase a third location.

Closed: 07/14/2023

Scenario:

A dentist in Alabama wanted a working capital loan to help grow his practice. He was looking for some new equipment and refinance some high interest rate short-term loan. The most important thing was that this loan needed to be in 2nd lien position behind his low interest rate practice loan.

Closed: 2/23/2024

Scenario:

$725K DENTAL PRACTICE PARTNER BUY-Out, 6.65% 15-YEAR FIXED TERM

Scenario:

$626K DENTAL PRACTICE ACQUISITION, 6.08% 15-YEAR FIXED TERM

Scenario:

$750,000 Dental Practice Debt Consolidation and Expansion Loan. A dentist in NC needed to refinance his short term high interest rate debt. He also wanted to build-out a new location where he already owned the property.

Closed: 12/29/2023

Scenario:

A Practice in NC had two associates working there with the opportunity to purchase one third of the practice each (making three partners with the equal ownership).

Closed: 11/17/2023

Scenario:

A Veterinarian and his partner wanted to purchase a practice that they had an opportunity to turn around and grow. The total loan for the practice and working capital was $1,000,000.

Closed: 10/06/2023

Scenario:

$1,435,000 Dental Practice Debt Consolidation Loan. A dentist in Illinois wanted to refinance his short term high interest rate debt along with his SBA Adjustable practice loan.

Closed: 08/18/2023

Scenario:

A dentist in North Carolina was looking to purchase his first practice and needed 100% financing plus working capital.

Closed: 07/21/2023

Scenario:

A successful dentist in North Carolina was looking to purchase a second location about 25 miles from his first location.

Closed: 07/14/2023

Scenario:

A successful dentist who was a long time associate wanted to go out on his own and purchase a long standing practice to make his own.

Closed: 05/31/2023

Scenario:

$835,000 Dental Practice Debt Consolidation and Expansion Loan. A dentist in Minnesota wanted to refinance his short term high interest rate debt. He also wanted to build-out an additional operatory.

Closed: 05/12/2023

Scenario:

An Associate Dentist opportunity to purchase the practice he was currently working at. He was also looking for additional working capital.

Closed on 4/28/2023

Scenario:

$525,000 Dental Practice Debt Consolidation. A dentist in New Mexico had multiple high interest rate loans and wanted to get into a conventional fixed rate loan.

Closed on 3/31/2023

Scenario:

An Optometrist in CO who had a successful practice was looking to relocate. She was able to purchase a new building and close when it was completed.

Closed on 3/10/2023

Scenario:

A Dentist in the OK had the opportunity to purchase the practice he was currently an associate at. He was also looking for additional working capital of 10% of the asking price.

Closed on 2/28/2023

Scenario:

$1,296,000 Dental Practice commercial real estate acquisition. A successful Dentist in NJ had an opportunity to purchase a commercial property very close to his current practice that he leased. His lease was coming to an end and he planned to move into the new location.

Scenario:

$1,468,000 Dental Practice commercial real estate acquisition. Two dentists in Louisiana purchased the real estate that they were practicing out of.

Scenario:

A Successful Dentist in LA was looking to purchase a dental practice. He wanted to get a rate lock for 90 days since they were not planning on closing right away. 1st Med Financial was able to lock in a great rate for the borrower for an extended period of time.

Scenario:

Two doctors in the Boston MA area purchased a practice along with about 10% in working capital.

Scenario:

A Veterinarian purchase the practice that she was an associate at. The total loan for the real estate, practice and working capital was $899K.

Scenario:

$1,925,000 Optometry Practice ground up construction and pay-off of a bridge loan that the doctor took out to purchase the land in advance of the closing.

Scenario:

$1,475,000 Pharmacy Debt Refinance

Scenario:

$870,000 Chiropractic Office Acquisition. An Associate in a NJ practice purchased the practice he was working at for close to 2 years.

Scenario:

$385,000 Podiatry Practice Acquisition

Scenario:

$1,173,000 Dental Practice Debt Consolidation. The dentist had an adjustable rate SBA loan and wanted to get into a conventional fixed rate loan.

Scenario:

A Successful pharmacist in Pennsylvania was looking to purchase a property to move her pharmacy into.

Closed: 07/01/2022

Scenario:

$2,500,000 Dental Practice / Commercial Real Estate Acquisition.

Scenario:

A Dentist in Indiana had a chance to purchase a practice that he planned to turnaround and increase the patient base and collections.

1st Med Financial was able to get him an Conventional loan with a 15 year fixed term at a great rate.

Closed on 6/10/2022

Scenario:

An experienced pharmacist was looking to purchase a successful retail pharmacy. He was having a difficult time getting financing for one main reason, the size of the pharmacy.

The pharmacy had very high revenues over $10 Million. Other banks were worried of the size of the deal since this would be the borrowers first pharmacy.

That is when he came to 1st Med Financial. We were able to see that even though this would be the first pharmacy the borrower would own, he had the experience to run it. He worked at very similar pharmacies as the pharmacist in charge and was a very successful manager for a number of years.

SBA 7(a) Practice Financing Structured to provide for the acquisition of the pharmacy along with working capital needs.

Closed: 06/05/2022

Scenario:

An Oral Surgeon in Colorado had the opportunity to purchase the practice he was working at for just one year. He was having trouble finding financing for the amount and terms he was looking for.

1st Med Financial was able to get him an Conventional loan with a 15 year fixed term at a great rate.

Closed on 5/20/2022

Scenario:

An optometrist in TX had a practice loan with a fixed rate of 5.99%. She wanted to refinance this loan and take out a some additional working capital for a future marketing campaign. That is when she came to 1st Med Financial. We were able to get her a fixed rate that was 2% lower then her current rate. This saved her more then $2,000 a month on her loan payments.

Closed: 05/03/22

Scenario:

A veterinarian in VA purchased her practice and the real estate with an SBA loan over 3 years ago. She had a fixed rate for 5 years and then it was set to reset based on the prime rate. She had concerns that rates were going to go up and wanted to get a fixed conventional rate.

Closed: 04/18/22

Scenario:

A dentist in MO has been running a very successful practice for a number of years. He also owned the real estate. He wanted to expand his location by building an addition to the office.

Closed: 03/11/2022

Scenario:

A Veterinarian in TX was a minority partner in a 3 doctor practice. The original owner was a non practicing doctor who offered the doctor to buy his shares and bring him up to a 50% owner with the other practicing doctor.

When the doctor came to 1st Med he needed some guidance on the best structure of a loan for his particular scenario.

1st Med Financial was able to get him an Conventional loan with a 15 year fixed term at a great rate.

Closed on 2/25/2022

Scenario:

A Chiropractor was looking to purchase a practice in Rhode Island but was having a difficult time securing financing.

1st Med Financial was able to get her an SBA loan with a 10 year term.

Closed on 1/21/2022

Scenario:

A successful Optometrist in Ohio had a opportunity to purchase an existing practice along with the commercial real estate. This would be this doctor's 5th location.

The issue that he was running into was that the doctor had debt on his other locations and banks were having a difficult time understanding the global cash flow. At 1st Med, we were able to analyze the doctor's current debt leverage and felt comfortable that this practice was able to support the financing of a loan even with a full time associate working there.

Closed: 01/07/2022

Scenario:

A successful Optometrist in Indiana had the opportunity to purchase a property to relocate her practice. She had a few options but none that provided 100% of the financing. 1st Med Financial was able to get her a 100% SBA loan at a great rate.

Closed on 12/17/2021

Scenario:

A Dentist in North Carolina was looking to consolidate his Dental Practice loans. His main practice loan was ballooning and he only had a couple of months to get a new loan.

1st Med Financial secured him a loan in a reasonable amount of time and lowered his interest rate and payments dramatically.

Closed on 11/19/2021

Scenario:

A Podiatrist was looking to purchase a practice in Arizona but was having a difficult time securing financing because he was moving from Texas. 1st Med Financial was able to get him an SBA loan with a 10 year term.

Scenario:

A veterinarian in Georgia had the opportunity to purchase the practice she was working at. She also had the opportunity to purchase the commercial real estate. 1st Med Financial was able to get her a fixed SBA loan with a 25 year term.

Closed on 11/04/2021

Scenario:

An experienced pharmacist in the TX was having trouble securing the necessary financing for a pharmacy he was planning on starting. The pharmacist contacted 1st Med Financial. We saw the value in the PharmD's experience and in the under serviced community he was looking to start-up in. We also new that he was looking to service a specific niche in his community that would help his success.

1st Med was able to secure the financing he needed to start-up his practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 10/23/2021

Scenario:

A successful dentist was looking to refinance her SBA Adjustable Loan she got over 3 years prior. 1st Med Financial was able to get her a fixed rate more then 2% points less then her current rate. Also she was able to free up her investment property from a lien that the SBA required when she took out her original loan.

Closed on 10/22/2021

Scenario:

A dentist in Texas was having a difficult time finding financing for a 2nd location acquisition. That is when he came to 1st Med Financial. We listened to his plan to run both locations and we were able to get him approved.

Closed on 10/04/2021

Scenario:

A Dentist in Colorado was looking to buy-out his partners 50% ownership. The partner was looking to retire but still wanted to work at the practice for a couple of years.

Closed on 09/17/2021

Scenario:

A Veterinarian in Missouri was looking to refinance the debt she had on her practice. The debt was entirely a seller note from the previous owner. She was able to get a better rate and longer fully amortizing term.

Closed on 9/3/2021

Scenario:

A Dentist in Texas was looking to consolidate two separate practice loans along with some additional working capital and equipment debt. He was looking to take advantage of the current low interest rates. He was able to lower his interest rate by more than 2.5%. His payments went down by approximately $10K a month.

Closed on 8/06/2021

Scenario:

A successful veterinarian in Pennsylvania had the opportunity to purchase the practice she was working at for the last two years. She also had the opportunity to purchase the commercial real estate. She had a few SBA options but was looking for a fixed term. 1st Med Financial was able to get her a fixed SBA term at a great rate.

Closed on 7/26/2021

Scenario:

A Optometrist in Texas was looking to refinance his practice loan. He was looking to take advantage of the current low interest rates. He was able to lower his interest rate by more than 2%.

Closed on 7/09/2021

Scenario:

An Optometrist was looking to purchase a practice she worked at as a temp. The issue she was running into was that she had not worked full time since having children and banks were concerned if she could cover all the production. That is when she came to 1st Med Financial

Closed on 06/7/2021

Scenario:

A successful veterinarian in Colorado, needed to move into a new facility due the growth she was experiencing. The Real Estate she was purchasing had a lot of bidders and it was important she got approved for the loan ASAP.

Closed on 6/4/2021

Scenario:

A Dentist in AZ was looking to purchase the practice he was an associate at for a number of years. He was turned down by a number of lenders for both conventional and SBA financing. That is when he came to 1st Med Financial for help. He needed something quickly because the seller was starting to get frustrated.

Closed on 5/14/2021

Scenario:

A successful Optometrist in Texas was looking to do ground-up construction to move her practice to. Her lease was coming up in less than 16 months and wanted to start the project as soon as possible.

Closed on 4/09/2021

Scenario:

A successful Optometrist in Georgia was looking to refinance his commercial real estate loan. His current loan was at a high interest rate and was going to balloon in the next 6 months. He was able to lower his interest rate dramatically and increase cash flow.

Closed on 2/17/2021

Scenario:

An experienced Optometrist was looking to purchase a practice he worked at in Tennessee. He was having trouble finding 100% financing. That is when he came to 1st Med Financial.

Closed on 02/5/2021

Scenario:

A Dentist in FL was looking to purchase the commercial real estate that the practice was leasing. The owner was looking for 100% financing.

Closed on 1/15/2021

Scenario:

A successful Dentist in Virginia was looking to consolidate his practice debt. He was able to lower his interest rate by 2.5 points and increase cash flow dramatically.

Scenario:

A successful Dentist was looking to consolidate his practice debt and buy-out his partner. Not only was he able to accomplish what he was looking to do, he was also able to lower his interest rate by over 1.5 percentage points.

Closed: 11/18/20

Scenario:

A successful Dentist in Pennsylvania was looking to consolidate his practice debt. He was able to lower his interest rate by 2 percentage points and increase cash flow dramatically.

Closed on 10/23/2020

Scenario:

A successful Veterinarian in San Francisco needed to get a new loan for the commercial real estate of her practice. Her current loan was going to balloon and she was looking for her best options. That is when she came to 1st Med Financial.

Closed on 10/06/2020

Scenario:

An experienced Dentist was looking to purchase a practice in North Carolina.

The issue the dentist was having was that he would be moving from out of state during the pandemic. That is when he came to 1st Med Financial.

Closed on 08/20/2020

Scenario:

An experienced Veterinarian was looking to purchase a successful practice along with the commercial real estate.

Closed on 06/05/2020

Scenario:

A very successful Dentist in the Alaska was looking to consolidate his adjustable rate practice loan. This allowed him to increase his monthly cash flow by more than $5K a month.

Closed on 05/08/2020

Scenario:

A successful Dentist in Texas was looking to consolidate her practice debt to increase cash flow.

Closed on 04/17/2020

Scenario:

An Optometrist who purchased a practice 2 years prior was looking to get a better rate on her loan. Initially she took out an adjustable SBA loan. She wanted to consolidate her practice debt into a conventional loan.

Closed: 03/16/2020

Scenario:

A successful Veterinarian came to 1st Med Financial looking for 100% financing for the commercial real estate of his current practice. He was also looking to refinance his current practice loan.

Closed - 03/06/2020

Scenario:

An experienced Optometrist in Michigan came to 1st Med Financial, looking to refinance his practice debt and lower his monthly payment. He was able to lower his monthly payment by more then $1,950 a month.

Closed on 2/10/2020

Scenario:

A very successful Dentist in the Massachusetts was looking to consolidate a number of business loans and business credit cards. This allowed him to increase his monthly cash flow by more than $10K a month.

Closed on 02/03/2020

Scenario:

A successful Optometrist was looking to purchase the practice that he was associating at for a number of years. He came to 1st Med Financial to get 100% conventional financing on the Practice and a conventional loan on the real estate.

Closed on 01/24/2020

Scenario:

A Successful Podiatrist purchased the practice that he was working at for a number of years. He initially approached 1st Med to get 100% conventional option instead of the SBA offers he received from other companies.

Closed on 1/10/2020

Scenario:

Dental Practice 2nd Location purchased by a Husband and Wife Dentist Team. They also included their first practice's debt of approximately $100K in the loan.

Scenario:

Orthodontist Commercial Real Estate Acquisition. In order to get 100% financing, 20% of the loan went as a practice loan and then 80% as commercial real estate loan.

Scenario:

Veterinary Practice 2nd location Acquisition. We were able to keep this separate from the owners first practice loan and did not need to refinance any existing debt.

Scenario:

Dental Practice Debt Consolidation. Dentist in South Carolina consolidated multiple loans at higher interest rates into one easy loan payment.

Scenario:

An Optometrist was looking to buy-out his two partners. He was having some trouble finding conventional financing and most the banks he spoke to were looking to put him in an SBA loan with an adjustable rate. That is when he came to 1st Med Financial.

We were able to do a comprehensive review and really understand how the transition would take place. The other two owners were making just as much as our borrower but only working part-time. When we took their new salary they would get after the transition into account, there was more then enough cash flow to warrant a conventional loan.

100% Conventional Optometry Practice Financing structured to buy out his partners and provide additional working capital for a smooth transition

Closed: 11/08/2019

Scenario:

An experienced Optometrist in PA, who had purchased her practice about 5 years prior was looking to move to a new location to grow her practice. She has been growing her practice from a patient and revenue standpoint each of the last 4 years. Due to the size of her current location her growth was capped out. She found a new location but was having a difficult time finding financing for the build-out. That is when she came to 1st Med Financial.

After just one conversation, we noticed that most banks did not want to do both the refinance and the build-out loan. When the cash flow was looked at separately this way it became tight on the payments. We were able to consolidate all of her practice and shorter term equipment debt into one 10 year loan along with the proceeds she needed for the new build-out. Her monthly payment actually went down even though the loan went up.

100% Conventional Optometry Practice Financing structured to consolidate her current practice, equipment loans and the build-out of her new location.

Closed: 09/10/2019

Scenario:

A Doctor who owned multiple Urgent Care facilities in Louisiana was looking for working capital. The issue he was having was that a number of lenders were open to providing high interest rate loans with short terms. He was looking for a reasonable rate with a 10 year term.

That is when he called up 1st Med Financial. We did an analysis of his practice financials. We saw the main issue was that his latest start-up did not have much cash flow and the banks were looking at that as a negative. Once we explained that the doors have only recently opened at that location and a lot of the expenses that were showing up on the financials were a one time expense for the build-out, this opened up a lot more financing options.

100% SBA 7(a) Urgent Care Practice Financing Structured to provide for working capital needs of the Doctor.

Closed: 08/05/2019

Scenario:

A successful dentist located in Chicago was looking to start up a second location in a thriving neighborhood. The issue he was running into was that his current practice did not have enough cash flow to cover the debt on both practices. The only offers he was getting were SBA offers. He wanted to use conventional financing since that is what he had on his current practice.

That is when he came to 1st Med Financial. We were able to help him come up with a plan to work at both practices and the bank was now open to looking at projections on the new location for a conventional loan.

100% Conventional Dental Practice Financing structured to start up a second location.

Closed: 07/01/2019

Scenario:

An Optometrist was looking to purchase a practice in Ohio. The owner was looking to sell the practice and retire.

The issue the borrower was running into, was that she wouldn't be able to start working at the practice for 90 days after closing due to her current contract as an associate.

This is when she came to 1st Med Financial. We were able to structure the loan where the seller would continue to work for 3 months. This allowed the borrower to complete her associate contract and still have a smooth transition into ownership.

Conventional Optometry Practice Financing structured to purchase the practice and working capital.

Closed: 05/24/2019

Scenario:

An experienced Optometrist in Las Vegas was looking to relocate his practice. He wanted to do ground up construction on a site that he had his eye on for a long time.

The problem that the doctor was running into was that he just recently bought out his two other partners. The banks he spoke to said they either want to wait a few years or he needed to inject a large down payment.

That's when he came to 1st Med Financial. After a number of meetings we understood the details of the project and his growth projections. We were able to line up 100% of the financing

We were able to secure him 100% of his financing needs with 100% SBA 7(a) Practice Financing structured to purchase land, construct new building, new equipment, working capital and loan related soft costs. 12-month interest only followed by P&I payments.

Closed: 5/21/2019

Scenario:

A successful Optometrist in Ohio was looking to refinance his Practice debt along with the commercial real estate of the practice.

The Doctor initially purchased both the practice and the commercial real estate with and SBA loan 5 years prior. He was not happy that his rates were going up since it was adjustable rate loan.

This was a great opportunity to get into a low fixed rate loan and still increase the doctor's cash flow.

100% Conventional Optometry Practice Financing structured to to refinance the practice and commercial real estate

Closed: 05/14/2019

Scenario:

An experienced Optometrist in Florida was looking to purchase land and construct a new office for his second location. The problem he was having was that his current bank wanted him to wait a few more years before lending additional funds for a construction project.

That is when he came to 1st Med Financial. After numerous phone calls and meetings we felt that the doctor was ready to expand with a second location. About 4 years prior he completed his first construction project and has been extremely successful. He had experience in these type of projects and understood the process.

We were able to secure him 100% of his financing needs with 100% SBA 7(a) Practice Financing structured to purchase land, construct new building, new equipment, working capital and loan related soft costs. 12-month interest only followed by P&I payments.

Closed: 03/21/2019

Scenario:

A successful dentist located in Austin, TX was looking to consolidate her equipment loan and practice loan into one easy payment. She currently had an conventional loan that was coming up on 5 years and was due to adjust. The adjustment index would cause a large bump in the interest rate and payment.

That is when he came to 1st Med Financial. We were able refinance the practice loan along with a higher interest rate equipment loan that she had. She was able to lower her total monthly payment by over $3,000.

100% Conventional Dental Practice Financing structured to consolidate her current practice and equipment loans.

Closed: 03/15/2019

Scenario:

A Orthodontist in Inidana was looking to purchase the practice he was currently associating at. He was looking for 100% financing and also requesting additional working capital. The issue the doctor was running into with other lenders was that he had a bankruptcy in the past and they were having a difficult time getting past that.

That is when he contacted 1st Med Financial. After multiple conversations, we were able to dig into the bankruptcy and explain that it was directly due to the housing bubble that hit this one town particularly hard during the financial crisis. This allowed us to get the doctor the financing he was looking for.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital.

Closed: 02/28/2019.

Scenario:

An experienced Optometrist was looking to purchase a successful practice in Georgia. The owner was looking to sell the practice and the commercial real estate in one transaction.

The issue the borrower was running into, was that he needed close to 100% financing and the seller was only willing to hold-back a note for 5%. He also wanted conventional financing which made it more difficult on the commercial real estate side of the loan. That is when he came to 1st Med Financial.

We were able to structure the deal into one practice loan for 100% financing. We also got him a Commercial real estate loan where he put 5% down and the seller held a note for 5%. Since the commercial real estate was less then half the practice price, the down payment and seller note were minimal in comparison to the overall debt.

Conventional Optometry Practice Financing structured to purchase the practice and the commercial real estate.

Closed: 01/25/2019

Scenario:

A successful Optometrist in Ohio had a perfect opportunity to purchase an existing practice along with the commercial real estate. This would be this doctor's 4th location.

The issue that he was running into when looking for financing was that the banks were trying to refinance all of his current loans. That is when he came to 1st Med Financial.

At 1st Med, we were able to analyze the practice which had a very strong cash flow. We felt comfortable that this practice was able to support the financing of a loan even with a full time associate working there.

100% Conventional Optometry Practice Financing structured to purchase the practice and the commercial real estate.

Closed: 01/23/2019

Scenario:

A successful dentist located in Chicago was looking to consolidate his commercial real estate loan (on the dental office) and his practice loan. He currently had an SBA loan with an adjustable rate. His practice was doing extremely well and he wanted to get into a fixed rate.

The problem he was having was that he could not find a lender that could provide a conventional loan on both the practice and commercial real estate. That is when he came to 1st Med Financial.

Most lenders require a maximum of 80% loan to value on the real estate and it is difficult to refinance SBA loans because of this. We were able to break up the financing into 2 separate loans. We included the 20% needed on the real estate in the practice loan.

Conventional Dental Practice Financing structured to to refinance the CRE loan and to refinance the practice loan.

Closed: 12/13/2018

Scenario:

A successful Dentist located in Texas was looking to buy the practice he was currently associating at.

The problem that this dentist was having was that all the banks he went to wanted the owners to continue to be guarantors on the loan because they had multiple practices that were cross-collateralized with a this practice and others.

They obviously were not willing to do that if they were no longer going to be owners. That is when he came to 1st Med Financial.

We were able to understand what the borrower was trying to do. We found the right lender who was willing to make the loan at a reasonable rate with out any other stipulations. We were even able to include a larger working capital portion which would help the new owner during the transition.

Conventional Dental Practice Financing structured to purchase the practice and additional working capital.

Closed: 11/9/2018

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

Scenario:

A successful general dentist located in North Carolina was looking to consolidate his dental practice and commercial real estate loan that he had in place. He currently had an SBA loan with an adjustable rate. He got tired of the interest rate hikes and wanted to get into a fixed rate.

Due to the favorable fixed rate and term of the new loan, the doctor was able to slightly increase his monthly cash flow while cutting off a number of years from his current SBA loan.

Conventional Dental Practice Financing structured to to refinance the CRE loan and to refinance the practice loan.

Closed: 6/11/2018

Scenario:

A successful dentist in FL had a great opportunity to buy a building that he could relocate his practice to. The main issue was that he needed to move fast because in this particular area opportunities like this do not come up often.

When he came to 1st Med he explained that he would like to get approved as soon as possible. We had a few conversations with him to understand exactly what he was looking to do. We were able to get him approved in just a few weeks at an amount that would cover the acquisition, build-out, soft costs and additional working capital.

This gave the doctor the confidence he needed in negotiating with the sellers and was able to go under contract on the building.

100% SBA 7(a) Practice Financing structured to purchase the building, build-out costs, new equipment, working capital and loan related soft costs.

6-month interest only followed by P&I payments.

Closed: 6/04/2018

Scenario:

A successful Pediatric Dentist located in Alaska was looking to buy-out his partners and consolidate his his practice loans. He currently had a practice loan that he and the partners were all guarantors on along with few high interest rate loans just in his name.

The problem that this dentist was having was that all the banks that he went to wanted the partners to continue to be guarantors on the loans. They obviously were not willing to do that if they were no longer partners. That is when he came to 1st Med Financial.

We were able to understand what the borrower was trying to do. We were even able to include his short-term high interest rate loans and save him over $10K a month.

100% SBA 7(a) Practice Financing Structured to provide for the partner buy-out, debt consolidation, and additional working capital.

Closed: 5/7/2018

Scenario:

A successful dentist in Idaho started working as an associate at a practice. After about 6 months he had the opportunity to purchase the practice and the commercial real estate. Since he started as an associate the practice had increased production dramatically.

The issue that he was running into when looking for financing was that the banks were telling him there was not enough cash flow to service the debt. That is when he came to 1st Med Financial.

At 1st Med, we were able to analyze the practice and noticed a couple of things. Before he became an associate this was a one doctor practice (and that doctor was transitioning into retirement). We also noticed that when he took over the collections spiked. We were able to project out a full year based on the new production numbers. This new amount would be able to service the debt on the practice at a ratio that made the lenders comfortable.

Conventional Dental Practice Financing structured to purchase the practice and the commercial real estate along with additional working capital to help with the transition.

Closed: 03/01/2018

Scenario:

Two successful dentists that already owned a practice were looking to purchase a 2nd location. This location was a General Dentistry Practice right next door to their current practice. The partners were a Pediatric Dentist and an Orthodontist. The owner of the General Dentistry practice adjacent to them was getting ready to transition into retirement.

The two partners saw a lot of symmetry that could be a great opportunity for them. Almost all of their patients were under 18 years old and they typically referred them to the general practice as adults. The issue they were having was that the partners wanted to get a loan with out a bank requiring their spouses to be included (as they had other business interests).

1st Med Financial had numerous discussions with both the borrowers to really understand the transaction and the ultimate goal of all parties. We understood that in this particular case, the sellers were looking for the right banking relationship and that was more important then the interest rate even if it meant it would be a little bit higher.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, working capital and $100K for equipment upgrades.

Closed: 02/14/2018.

Scenario:

An experienced Veterinarian in Florida was looking to purchase land and construct a new office so he could relocate his practice. The timing of the deal was important as he wanted to close and construct the new building as soon as possible so there would not be any issues with his current lease. The practice was doing amazing and increasing revenue every year. The main issue the doctor was having was a prior bankruptcy that took place about 7 years earlier.

The Veterinarian had started talks with the developer when he contacted 1st Med Financial. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% SBA 7(a) Practice Financing structured to purchase land, construct new building, new equipment, working capital and loan related soft costs and consolidate his current practice loan.

12-month interest only followed by P&I payments.

Closed: 01/19/2018

Scenario:

A successful general dentist located in Missouri was looking to consolidate his commercial real estate loan (on the dental office) and his practice loan. He currently had an SBA loan with an adjustable rate. His practice was doing extremely well and he wanted to get into a fixed rate even if it meant shortening the term of the loan.

Due to the favorable fixed rate and term of the new loan, the doctor was able to slightly increase his monthly cash flow while cutting off 8 years from his current SBA loan.

Conventional Dental Practice Financing structured to to refinance the CRE loan and to refinance the practice loan.

Closed: 01/12/2018

Scenario:

A successful dentist was looking to acquire a neighboring practice to merge into her first practice. The would allow the selling dentist to merge his practice into hers and continue to produce as he transitions into retirement over a 3 to 6 months period.

The main issue the buyer was having was that she had a loan modification done a few years back. A couple of lenders had already turned her down. That is when she decided to contact 1st Med Financial to see if we can help her with the deal.

At 1st Med Financial, we were able to analyze the costs that could be cut during the merger. We also looked at consolidating the dentist's original debt. Even though it was a small amount, the payments were high and by including it in the loan, the cash flow would increase dramatically.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, debt on her current practice & working capital.

Closed: 12/28/2017

Scenario:

A successful optometrist was looking to refinance his practice loan due to the high interest rate. He was looking to take advantage of historically low rates and decided to give 1st Med Financial a call.

The issue that the doctor was having was then when he purchased his practice he had a couple of credit issues. He had to accept a higher rate to get the deal done. He now wanted to see if it was possible to refinance at lower rates. 1st Med Financial was able to help even though he only owned the business for 2 years.

Conventional Optometry Practice Financing structured to refinance the practice loan.

Closed: 11/17/2017

Scenario:

A successful Optometrist in Arizona was looking to purchase the commercial real estate that he was currently leasing. This was a great opportunity and would increase the doctor's cash flow.

The issue that the doctor was having was that he could only find an SBA option for 100% financing. He was not happy with the SBA terms and conditions. That is when he came to 1st Med financial.

After reviewing the practice, 1st Med spotted an opportunity for the doctor. Since the practice was very successful we were able to move some of the debt that was going to go on the purchase of the real estate onto the practice. This allowed us to get the LTV to an acceptable range to get conventional financing for the commercial real estate.

Conventional Optometry Practice Financing structured to to refinance the practice purchase the CRE.

Closed: 10/17/2017

Scenario:

A successful pharmacy in the Baltimore, MD was looking to move to a larger facility. They also wanted to purchase new equipment, including a machine for filling and labeling of syringes. They were having a difficult time getting financing for a couple of reasons. They only had one historical year that showed enough cash flow to service the debt. They were also being told by lenders that they were growing too quickly.

At 1st Med Financial we saw that the pharmacy was very strong and that the owner and managers had a firm understanding of their business plan. A lot of research and planing was done and they were not just jumping into the expansion.

100% SBA 7(a) Practice Financing Structured to provide for the expansion into a new facility, equipment and additional working capital.

Closed: 9/26/2017

Scenario:

A successful Orthodontist in Tennessee, was looking to purchase a practice in his hometown of Huston TX. He was looking for 100% financing and also requesting additional working capital.

The issue the doctor was running into with other lenders was that the current owner of the practice just purchased it 18 month prior. Most Lenders wanted to wait to make sure that the current owner was able to keep up the collections from prior years. That is when he contacted to 1st Med Financial.

After multiple conversations, we were able to dig into why the current owner was selling the practice. It turned out that the current owner needed to move back to his hometown due to personal reasons that had nothing to do with the practice or the collections. This allowed us to get the doctor the financing he was looking for.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital.

Closed: 08/28/2017.

Scenario:

A successful Pediatric Dentist in Georgia was looking to start-up a second location and purchase the commercial real estate simultaneously. Unfortunately he was having a difficult time finding financing. The issue he was running into was that he only started up his 1st location about 12 months prior to this project.

That is when he came to 1st Med Financial. After having multiple conversations with the Dentist, we saw that in just 6 months of his 1st practice he was already averaging over $90K in monthly collections. The city he was looking to open the 2nd location was extremely undeserved. After working through projections with the owner, not only were we able to get him financing for the practice start-up and the office building but we also secured him working capital to help make sure he would be successful.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, improvements, equipment and working capital needs.

Scenario:

A successful dentist in Las Vegas NV, was looking to acquire a neighboring practice to merge into her first practice. This was a perfect situation because a few years back she purchased a very large practice with 7 operatories. The would allow the selling dentist to merge his practice into hers and continue to produce as he transitions into retirement over a couple of years.

There were a few issues with the purchasing dentist's credit. A number of lenders had already turned her down. That is when she decided to contact 1st Med Financial to see if we can help her with the deal.

At 1st Med Financial, we were able to analyze both practices and understand the amount of costs that could be cut. We also looked at consolidating the dentist's original debt. Even though it was a small amount, the payments were high and it really helped with the cash flow when it was included.

100% SBA 7(a) Dental Practice Financing Structured to refinance the purchase of the neighboring practice, consolidate the current outstanding debt, and working capital.

Closed: 06/14/2017

Scenario:

A Pharmacist with 20 years of experience wanted to go out on his own and start up an independent Pharmacy. Having trouble securing the necessary financing, the Pharmacist contacted 1st Med Financial.

We saw the value in the PharmD's experience and in the under serviced community he was looking to start-up in.

1st Med was able to secure the financing he needed to start-up his practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 05/15/2017

Scenario:

1st Med Financial had just helped two successful dentists in Idaho purchase the dental practice they were working at. They now wanted to close on the commercial real estate that the practice was located in. This was about 2 months after closing the practice acquisition loan.

The dentists originally came to 1st Med Financial to help them out, since the banks they approached wanted either an equity injection from the borrowers or a substantial seller note from the owner. Neither of these two options were a possibility.

1st Med Financial had numerous discussions with both the borrowers and the sellers. 1st Med wanted to really understand the transaction and the ultimate goal of both parties. Closing on the commercial real estate would actually help the new owners cash flow moving forward.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, and working capital needs.

Closed: 05/08/2017

Scenario:

An experienced optometrist and her husband were looking to purchase a successful practice in Maryland. The owner was looking to sell the practice and the commercial real estate in one transaction. The issue the borrowers were having, was that they needed 100% financing and the seller was only willing to hold-back a note for 10%. They were having a difficult time finding a loan to cover the price with the real estate involved. That is when they came to 1st Med Financial.

We were able to structure the deal in one loan for 100% financing. We were also able to get the loan amortized over 25 years and include $125K in working capital at a low fixed rate.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the optometry practice, commercial real estate and working capital needs.

Closed: 04/17/2017

Scenario:

A very successful Dentist in Arizona was looking to purchase his 2nd practice in neighboring town. The Dentist already owned a successful practice. He initially went to the bank that financed his 1st practice but they turned him down. The issue was that they required an updated lease on his first practice and that would not be possible for at least a few months.

This was a great opportunity and the dentist needed to move fast. That is when he decided to contact 1st Med Financial. We analyzed the new practice and due to the strong cash flow concluded that it could stand on its own.

1st Med Financial has access to a number of different practice financing programs. 1st Med Financial was able to get the Dentist Financing at a low 5.37% interest rate fixed for 10 years. There was not a requirement to extend his lease on his first practice.

Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 04/14/2017.

Scenario:

Two successful dentists in Idaho, were looking to purchase the dental practice where they were currently working. The partners were looking for 100% financing and also requesting $125K in working capital.

The dentists came to 1st Med Financial for help since the banks they approached wanted either an equity injection from the borrowers or a substantial seller note from the owner. Neither of these two options were a possibility.

1st Med Financial had numerous discussions with both the borrowers and sellers to really understand the transaction and the ultimate goal of both parties. We understood that since the two doctors were already responsible for the majority of the production this would limit the "transition risk" that the lenders they originally went to were worried about.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital.

Closed: 04/03/2017.

Scenario:

A successful general dentist located in Arkansas was looking to consolidate his commercial real estate loan (on the dental office) and his practice loan. He was looking to take advantage of historically low rates and he also had a balloon payment coming due in a couple of years.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase his monthly cash flow dramatically. He will also no longer have to worry about refinancing his commercial real estate loan that had a balloon payment.

Conventional Dental Practice Financing structured to to refinance the CRE loan and to refinance the practice loan.

Closed: 03/01/2016

Scenario:

A successful general dentist located in Florida was looking to consolidate his practice and equipment loans. The reason he was looking to do this was to increase his monthly cash flow and lock in on the historically low rates.

The issue this particular dentist was having was he did not have much liquidity because he was building a new home. He also had to make payments on his current home while he was building the new house. This caused his monthly expenses to increase much higher then he preferred.

Due to the favorable rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $3,500 a month, even after taking out an additional $75K in working capital.

100% Conventional Dental Practice Financing structured to consolidate practice loans, equipment loans & working capital.

Closed: 01/10/2017

Scenario:

A successful Michigan Optometrist who 1st Med Financial had recently secured financing to purchase his 2nd practice location now had the opportunity to purchase the commercial real estate. The issue that the doctor was having was from a bankruptcy he had a number a years ago.

1st Med Financial had worked with this doctor about 6 months prior to help him secure conventional financing for the practice. We already understood what caused the bankruptcy and that he has turned around his financial situation. This allowed us to get the doctor financing in a very short period of time which was important because both the sellers and the buyer wanted to close before the end of the year.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, improvements and equipment and working capital needs.

Closed 11/29/2016

Scenario:

A successful Dentist in Illinois was looking to purchase his second practice in neighboring town from his current practice. Unfortunately the bank that did the loan on his first practice did not want to extend any additional credit. This particular Dentist had plans to grow and purchase numerous practices. He realized that he would need the right partner to do so.

That is when he came to 1st Med Financial. We worked with the dentist and after talking to him, realized that he had the opportunity to purchase the real estate as well. He wanted to do this in the first place but thought it was out of the question because he was already getting denied for the practice loan. Not only were we able to get him financing for the practice and the office building but we also secured him working capital to help with the transition.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, improvements and working capital needs.

Scenario:

An experienced podiatrist was looking to purchase the practice that he has been working at for a number of years. The owner was looking to sell the practice and the commercial real estate in one transaction. The issue the doctor was having, was that he needed 100% financing. He was having a difficult time finding a loan to cover 100% of the price when the real estate was involved. That is when he came to 1st Med Financial.

We were able to structure the deal in one loan for 100% financing. We were also able to get the loan amortized over 25 years and include over $75K in working capital to help with the transition.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the podiatry practice, commercial real estate and working capital needs.

Closed: 09/19/2016

Scenario:

A successful dentist was looking to consolidate his practice loan, business credit cards, and high interest rate working capital loans that had been taken out in prior years. He wanted to have all his debt consolidated into one low monthly payment.

The issue he was having was that in prior years he had to take out a number of working capital loans. These loans were short term and had high interest rates. He fell into the cycle where every 9 to 12 months he would need to refinance them with similar loans. Even though his practice was very successful he was having a cash flow problem because of the very high payments. He was also having a hard time consolidating into one loan with a longer term at a fair interest rate. That is when he came to 1st Med Financial.

We worked with the dentist and were able to consolidate the loans into one easy payment of $13,500 a month. This saved him over $17,000 a month in cash flow or $204,000 annually.

SBA 7(a) Dental Practice Financing Structured to refinance all outstanding debt, business credit cards and working capital.

Closed: 09/03/2016

Scenario:

Two experienced pharmacists partnered up to purchase a successful two-location pharmacy. They were having a difficult time getting financing for a couple of reasons. They were moving out of state to purchase the pharmacy and they did not currently hold that state licenses required.

They actually were approved with a lender under the condition that at least one of the partners gets the new states licensing. Unfortunately the seller did not want to wait for this process to unfold and they needed to move fast or they would lose the opportunity to purchase the pharmacy.

At 1st Med Financial we saw that the pharmacy was very strong and could still qualify even if they kept additional pharmacists on the payroll. We were able to get the partners financing and close in under 60 days from the first conversation we had.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the pharmacy along with working capital needs.

Closed: 9/2/2016

Scenario:

A successful Ohio Optometrist with two locations was looking to purchase the commercial real estate where he recently moved his second location practice to. He was also looking for working capital for minor improvements to the building and to purchase additional equipment.

1st Med Financial had worked with this doctor on a the purchase of the commercial real estate of his 1st location in 2013. He was very happy with the service provided on his first transaction and wanted to work with us again on this loan.

100% SBA 7(a) Practice Financing Structured to provide financing for the purchase of the commercial real estate of his 2nd practice, improvements and equipment and working capital needs.

Closed 08/30/2016

Scenario:

A successful Optometrist was looking to purchase an office building to relocate his practice into. The issue he was having was finding financing due to a short sale he had in 2010. He came to 1st Med Financial to see if any options were possible.

1st Med Financial had numerous conversations with the doctor to dig in and understand his situation. We were able to see that the short sale was due to the financial crises and he did his best to hold off on the short sale until it was absolutely necessary. This helped the underwriting process and eventually getting approved for the loan.

100% SBA 7(a) Practice Financing Structured to provide for the purchase of the office building, improvements and equipment and working capital needs.

Scenario:

An Optometrist was looking to purchase a 2nd location practice and was having a difficult time securing financing.

The doctor approached 1st Med Financial for help. He had a couple of credit issues including a bankruptcy back in 2005. He was already turned down from a couple of large banks.

After numerous conversations with the doctor we were able to understand what caused the bankruptcy and that he has really turned around his financial situation. He even started up a smaller practice from scratch since then. We were able to help him overcome his past credit history and get the loan closed.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $50K.

Closed: 07/22/2016

Scenario:

A successful dental practice, which was owned by a husband and wife team was looking to consolidate their practice loan, business credit cards, and a high interest rate working capital loan that had been taken out in prior years. They wanted to have all their debt consolidated into one low monthly payment. The issue they were running into was that in 2008 they had a financial hardship because of medical issues that came up in their family. They had to short sell their home in 2008. Because of this they were turned down by a number of conventional options.

The only way they could get any equipment or working capital loans after 2008 was through high interest rate loans. When they came to 1st Med Financial their monthly payment was over $18,000 a month.

We worked with the owners and were able to consolidate all of their loans into one easy payment of $9,450 a month. This saved them over $8,500 a month in cash flow or $102,000 annually.

SBA 7(a) Dental Practice Financing Structured to refinance all outstanding debt, business credit cards and working capital.

Closed: 07/08/2016

Scenario:

A very successful Dentist in Arizona was looking to purchase an additional practice in neighboring town from his current practices. The Dentist already owned 3 practices and used one bank to finance all of them. When he went to that bank for additional financing they turned him down and said he was capped out with them.

The Dentist decided to come to 1st Med Financial because everywhere else he went to, they required that he refinance the current practice debt as well. This was out of the question because the pre-payment penalty would be almost $100K and the he was not willing to pay that.

1st Med Financial has access to a number of different practice financing programs. 1st Med Financial was able to get the Dentist Financing at a low 4.86% interest rate fixed for 10 years. There was no requirement to refinance his current practice loans.

Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 06/27/2016

Scenario:

An experienced corporate pharmacist was looking to purchase an independent pharmacy in New York City. He was having a difficult time finding financing and that is when he came to 1st Med Financial.

The main thing holding him back was the fact that the cash flow on the pharmacy was a little tight. At 1st Med we were able to see the potential for growth that the Pharmacist's expertise would bring when he became the owner. He was going to be able to offer new services and this helped make the underwriters feel more comfortable.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the pharmacy along with working capital needs.

Closed: 06/22/2016

Scenario:

A successful general dentist was looking to consolidate his practice loan, business credit cards, and a high interest rate working capital loan that he had taken out in prior years.

He wanted to have all his debt consolidated into one low monthly payment. He was also looking for additional working capital to hire new staff members.

Due to the high interest rates on the doctor's current loans his minimum payment was over $14K a month. After the consolidation his monthly payment went down to $4,500 a month which dramatically increased his cash flow even after taking out an additional $99K in working capital.

SBA 7(a) Dental Practice Financing Structured to refinance all outstanding debt, business credit cards and working capital for future growth and and hiring of additional staff.

Closed: 05/09/2016

Scenario:

An experienced pharmacist was looking to purchase an independent pharmacy in a different state from where he currently resided. He had recently sold his pharmacy about a year prior to this purchase.

The main issue the pharmacist was having was that he could not get 100% financing for a pharmacy in a state where he currently did not live.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition for both the pharmacy and the real estate along with working capital needs.

Closed: 05/05/2016

Scenario:

A successful general dentist located in Utah was looking to consolidate his practice loans because one of his current loans had a step up feature that was affecting his cash flow.

The issue this particular Dentist was having was in 2008 he had a bankruptcy. He was also working less days in his practice as he became a professor at the Dental University a few years prior.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $1,900 a month, even after taking out an additional $25K in working capital.

Conventional Dental Practice Financing structured to consolidate practice loans & working capital.

Closed: 04/26/2016

Scenario:

A Veterinarian from Mississippi was looking to start up his own practice along with purchasing the commercial property.

The property needed updating and he was looking for additional working capital to fund his project.

1st Med Financial was able to wrap up the start-up loan and commercial real estate loan into one SBA loan.

SBA 7(a) Veterinary Loan Financing structured to purchase the real estate, build-out the practice, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 04/18/2016

Scenario:

A successful Dentist who already had a thriving practice was looking for working capital to update his second practice which he had recently purchased.

The dentists came to 1st Med Financial for help because all the banks that he was dealing with were not able to provide a working capital loan without having a 1st lien position on his 1st practice.

1st Med Financial was able to secure the dentist a working capital loan that was in a secondary lien position. The rate and term were still very competitive with a standard practice loan.

100% SBA 7(a) Practice Financing Structured to provide working capital needs.

Closed: 04/06/2016.

Scenario:

Two successful Dentists were looking to purchase a 2nd location in Arizona. They started up their 1st practice together two years prior and had not paid down much of their start-up loan. The partners were looking for 100% financing and also wanted to pay-off their 1st loan to help increase their cash flow.

The dentists came to 1st Med Financial for help since the bank that gave them their start-up loan was not willing to extend them additional credit to purchase the 2nd practice. 1st Med had numerous conversations with the doctors to understand their ultimate goals and get them the best financing possible.

When talking with the doctors 1st Med realized that they have future plans of growth and would like to purchase and start-up additional practices in the future. This was very important when deciding which lenders to use.

We wanted to make sure that the partners would not have issues purchasing practices in the future and also provide a good rate and term at the same time.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, refinance of their start-up loan & working capital.

Closed: 03/04/2016.

Scenario:

An experienced Optometrist in Alabama was looking to start-up a second practice closer to his home. His first practice has been thriving for over 12 years but it was almost an hour away from his home. He wanted to bring in an associate at his current practice for a couple days a week and split up his time between the 2 practices.

When the doctor came to 1st Med Financial he was having trouble securing financing for his second practice and a number of lenders wanted him to put money down.

1st Med Financial worked with him and was able to get the doctor 100% financing. Besides getting him financing the 2nd location start-up, 1st Med also was also able to consolidate the current debt and actually increase the doctor's cash flow.

SBA 7(a) Optometry Financing Structured to refinance all outstanding debt on the current practice, build-out for the 2nd location, equipment and de working capital.

Closed: 02/02/2016

Scenario:

An experienced Optometrist in Arizona was looking to move his practice to a new location. He was also looking to consolidate his practice loans along with additional working capital to help with the transition.

The doctor approached 1st Med Financial for help. Initially, 1st Med was able to get the doctor an offer for the Debt Consolidation along with working capital and tenant improvements for the new location.

The doctor was very happy with the proposal and then asked if we can increase the loan to include equipment as well. 1st Med Financial was able to also secure financing for the equipment in one practice loan .

100% Conventional Practice Acquisition Financing structured to cover the debt consolidation, equipment, tenant improvements & working capital of $64K.

Closed: 01/27/2016

Scenario:

An experienced pharmacist was looking to purchase the independent pharmacy that she has been working at for a number of years. She had already been turned down by multiple lenders and was not very hopeful of getting the acquisition closed. That is when she came to 1st Med for one last chance.

The main thing holding her back was a prior bankruptcy and a credit issue that arose a couple of years back.

At 1st Med we were able to see that the client has proven to become financially responsible and that the credit issue was more of an oversight by the student loan company then her fault. We helped communicate all of this information with the underwriters to make sure that she got a fair chance at financing.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the pharmacy along with working capital needs.

Closed: 12/14/2015

Scenario:

A successful general dentist located in Idaho was looking to consolidate his commercial real estate loan (on the dental office), his practice loan, business credit cards, and take out additional working capital for new equipment and future operational expenses. He wanted to have all his debt consolidated into one low monthly payment.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow dramatically, even after taking out an additional $150K in working capital.

Conventional Dental Practice Financing structured to consolidate CRE loan, practice loans, business credit cards & working capital.

Closed: 11/25/2015

Scenario:

An experienced Pharmacist was looking to purchase land and construct a new pharmacy that he could relocate his already successful pharmacy to . The new location was in a high traffic area and will be able to be seen from a major roadway.

The pharmacist had started talks with the developer when he contacted 1st Med Financial. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% SBA 7(a) Practice Financing structured to purchase land, construct new building, purchase furniture, fixtures, working capital and loan related soft costs.

An interest reserve was included until the construction is completed and will then be followed by P&I payments.

Closed: 11/03/2015

Scenario:

Three experienced pharmacist were looking to purchase an additional independent pharmacy. The three partners already owned numerous pharmacies in neighboring towns and saw an opportunity when the seller decided to retire.

Even though none of the partners were going to work full time at the new pharmacy and they already had existing debt on their current practices, we were able to get them financing.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition for both the pharmacy and the real estate along with working capital needs.

Closed: 10/09/2015

Scenario:

An experienced Optometrist was looking to purchase a practice for a number of years but was not having any luck and a number of deals fell through.

The doctor approached 1st Med Financial for help. Initially we got her an approval for another practice, but due to some unforeseen issues with the seller, that deal fell through.

She decided to keep in touch with 1st Med Financial and regularly sent us information on practices that went up for sale. We advised her and provided feedback on the practices from both a financing and valuation standpoint.

When she found the right practice for her, we were able to get her approved for financing very quickly and provide guidance throughout the process all the way through closing.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $30K.

Closed: 07/24/2015

Scenario:

A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his current practices. 1st Med Financial had already secured financing for two other practices that the doctor purchased in April 2015. The Dentist, currently has an opportunity to purchase a practice for $1.2 million. The doctor only needed financing for $910K since the seller would be staying on and holding a second note on the practice.

The doctor felt very comfortable coming back to 1st Med Financial. We already helped him get loans on two other practices. The doctor appreciated the level of advice and expertise that 1st Med Financial provided on his previous deals.

1st Med Financial worked with the doctor and all affiliated parties to get financing in a very short time frame.

Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 07/14/2015

Scenario:

A Successful Long Term Care Pharmacy was experiencing dramatic growth over the last year looking to restructure their debt to meet cash flow needs. They recently secured a contract for a new facility that would add an additional 400 beds to their business.

Due to the increased business, their vendor payables were converted into short-term high payment vendor loans. There was also a balloon payment due on their owned real estate.

Hoping to consolidate the vendor debt and real estate loan, they approached 1st Med Financial for advice. Not only did we help this client, we were also able to consult in switching vendors to to obtain a better buy plan and increase to their bottom line.

SBA 7(a) Pharmacy Financing Structured to refinance all outstanding vendor debt, real estate debt and provide working capital for future purchasing power.

Closed: 07/06/2015

Scenario:

A successful general dentist located in Massachusetts was looking to consolidate his practice loan, business credit cards, and a high interest rate working capital loan that he took out in early 2014. He wanted to have all his debt consolidated into one low monthly payment. He was also looking for additional working capital to start offering new dental products that would increase his yearly revenue.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $5,900 a month, even after taking out an additional $75K in working capital.

Conventional Dental Practice Financing structured to consolidate practice loans, business credit cards & working capital.

Closed: 06/26/2015

Scenario:

A general dentist in Texas who had over 20 years of experience decided to finally take the leap and purchase a practice about 100 miles from his current home. He had the opportunity to purchase a practice for $290K and would also need an additional $30K for working capital during the transition.

The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. The main issue was that the practice being purchased had a little bit of a downward trend in collections over the last couple of years. 1st Med Financial was able to see that the main reasons for this trend was the selling dentist was getting ready to retire and was referring out almost all specialty work.

Since the purchasing dentist was proficient in most of the procedures being referred out, we were able to show that revenues would increase when he took over. 1st Med Financial worked with the doctor, the seller, and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 06/26/2015

Scenario:

A successful general dentist located in Georgia was looking to consolidate his current practice debt into one low easy to manage payment. He was also looking for some working capital to purchase equipment in the near future.

The practice debt included a practice loan, two equipment loans and a high interest rate daily payment loan.

The doctor approached 1st Med Financial because his debt payments were way too high and needed some help to increase his cash flow.

The doctor was able to increase cash flow by more then $6,000 a month by combining all his loans at a lower rate. By re-casting his debt over only 8 years he would still pay-off this loan before his original practice loan would mature.

Conventional Dental Practice Financing structured to consolidate practice loans, equipment loans, daily payment loan & working capital.

Closed: 06/10/2015

Scenario:

A successful Dentist in Mississippi was looking to purchase the building where he was currently leasing space.

Unfortunately he was already turned down by a bank and thought that purchasing the real estate might not be possible. He decided to give 1st Med Financial a call even though he did not expect much. To his surprise he was able to obtain an financing for the purchase of the building, and the consolidate his practice debt.

SBA 7(a) Practice Financing structured to purchase the real estate and consolidate the practice debt along with loan related soft costs.

Closed 05/06/2015

Scenario:

A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his other practices. He had a great opportunity to purchase a practice for $715K.

The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. He had recently purchased two practices in the last 12 months and he was finding it difficult to get additional financing. The other issue was understanding the doctor's business plan and get comfortable that this practice was a good fit for him.

1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 04/22/2015

Scenario:

A very successful Dentist was looking to purchase additional practices in neighboring towns and cities from his other practices. He had a great opportunity to purchase his 4th overall practice for $200K.

The doctor came to 1st Med Financial for help since there were a couple of issues that he needed to get over in order to get financing. We were already working with him on getting his 3rd practice acquisition and he had recently purchased two other practices in the last 12 months.

The other issue was to make sure that the Doctor was not growing too big too fast. We analyzed his global cash flow to make sure this additional acquisition made sense.

1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 04/22/2015

Scenario:

An Optometrist associate was looking to purchase the practice he was currently working at two days a week.

The doctor approached 1st Med Financial for help. He had a couple of credit issues in his past and needed help securing financing. He was already turned down from two large banks.

After numerous conversations with the doctor we were able to understand that what happened to his credit was a couple of unfortunate events that were out of his control.

We were able to help him overcome his past credit history and get the loan closed.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $50K.

Closed: 03/27/2015

Scenario:

An experienced Dentist was looking to purchase land and construct a new office so he could relocate his practice. The timing of the deal was important as he wanted to close and construct the new building and have 1 to 2 months left on his current lease. This would allow him to have enough time to help with the transition. He was also looking for $50K for new equipment and $20K for working capital.

The Dentist had started talks with the developer when he contacted 1st Med Financial. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% SBA 7(a) Practice Financing structured to purchase land, construct new building, new equipment, working capital and loan related soft costs.

12-month interest only followed by P&I payments.

Closed: 03/23/2015

Scenario:

A recent dental school graduate (6 months out) was working as an associate for a practice in Arkansas. He had the opportunity to purchase the practice for $500K and would also need an additional $50K for working capital during the transition.

The doctor came to 1st Med Financial for help since there were a couple of hurdles that he needed to get over in order to get financing. The main issue was that the doctor only had 6 months experience as an associate. The plan was also to assume the current mortgage for the dental office building from the seller at closing. 1st Med Financial worked with the doctor and all affiliated parties to get over these hurdles.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..

Closed: 01/09/2015

Scenario:

An experienced oral surgeon who owned a practice in Wisconsin was looking to purchase a second practice about 2-3 hours driving distance from his current location.

The doctor came to 1st Med Financial for help. The plan was to split his time at both practices. He would have an associate work a couple days at his current practice. Mean while, the selling doctor would work as an associate at the second practice for a contracted period of time.

100% Conventional Practice Acquisition Financing structured to cover the practice assets & goodwill.

Closed: 01/15/2015

Scenario:

A successful dentist who owned a specialty practice, located in Kansas, was looking to consolidate his current practice debt and get an additional $150K for new equipment and working capital.

The dentist shared space with a partnering dentist and had multiple loans on his practice, one with a high interest rate. He was also looking to upgrade equipment and take out additional working capital.

Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow even after taking out the additional $150K in working capital.

Conventional Dental Practice Financing structured to consolidate practice loans & working capital.

Closed: 12/08/2014

Scenario:

An Optometrist associate was looking to purchase the practice he was currently working at. The practice is located in Ohio and was very successful.

The doctor approached 1st Med Financial for help. He had a couple of credit issues in his past and needed help securing financing. We were able to help him overcome his past credit history and get the loan closed.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $50K.

Closed: 09/15/2014

Scenario:

A successful general dentist located in Maryland was looking to consolidate his current practice debt into one low easy to manage payment.

The practice debt included two business credit cards at high interest rates. The Practice loan was also secured by a mortgage on a commercial property the dentist owned.

The doctor was able to increase monthly cash flow by combining several high interest rate business loans at a much lower rate and by re-casting his debt over 15-years. He also transferred his real estate debt to be included in the loan.

Conventional Dental Practice Financing structured to consolidate practice loan & real estate debt.

Closed: 09/09/2014

Scenario:

An experienced pharmacist who owned a minority share of two separate pharmacies had an opportunity to buy-out the majority owners.

The pharmacist wanted to bring in an additional partner as well. The hurdle that new owners were facing was the large accounts payable to the vendor and they would need a large portion of the loan as working capital to pay off the debt.

At 1st Med, we saw that the two pharmacies were very profitable and that with the additional working capital the transition would go smoothly.

95% SBA 7(a) Practice Financing Structured to provide for the acquisition of both pharmacies along working capital needs to.

Closed: 08/29/2014

Scenario:

Having trouble securing the necessary financing, the Pharmacist contacted 1st Med Financial. We saw the value in the PharmD's experience and in the under serviced community he was looking to start-up in.

1st Med was able to secure the financing he needed to start-up his practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Scenario:

A funeral home director was looking to purchase his own death care practice. He contacted 1st Med when he heard about our funeral home financing options.

SBA 7(a) Practice Financing Structured with $50K in working capital for marketing & future growth.

Loan Proposal Issued: 7/10/2014

Scenario:

An oral surgeon associate was looking to purchase the practice he was currently working at. The practice consisted of two locations in NJ and was very successful.

The doctor came to 1st Med Financial for help. We were able to close the loan within 60 days of the initial conversation.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $150K.

Closed: 06/27/2014

Scenario:

A Nuclear Medicine Resident was looking to purchase a successful PET & Medical Imaging Practice in NY. The acquisition was scheduled to take place just days after the doctor finished his residency.

It was crucial to have the loan approved in advance and all the conditions met prior to closing as time was of the essence. 1st Med assisted the doctor throughout the process and was able to structure the acquisition accordingly including $250K in working capital.

SBA 7(a) Practice Financing Structured to provide for the acquisition of the PET & Imaging Practice along with working capital needs.

Closed: 06/20/2014

Scenario:

An experienced Pharmacist and his wife were looking to start-up their own Pharmacy in an upscale shopping center located in Greely, CO.

Having trouble securing the necessary financing, they contacted 1st Med Financial. We saw the value in the PharmD's experience and business plan. 1st Med was able to secure the financing they needed to start-up their dream practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 06/18/2014

Scenario:

An experienced Director was looking to purchase a building and renovate so he could relocate his practice. The new location was approximately 3,000 square feet.

100% SBA 7(a) Practice Financing structured to purchase land & building, renovate the building, purchase furniture, fixtures, working capital and loan related soft costs.

6-month interest only contingency built into loan during construction followed by P&I payments.

Loan Proposal Issued: 06/18/2014

Scenario:

An experienced Optometrist was looking to purchase land and construct a new office so he could relocate his practice. The new location was approximately 6,000 square feet. Time was of the essence as his current lease only had 7 months remaining.

The optometrist had started talks with the developer when he contacted 1st Med Financial. We discussed his available options and made sure that the project would be viable from both a cash flow and time-frame perspective.

100% SBA 7(a) Practice Financing structured to purchase land, construct new building, purchase furniture, fixtures, working capital and loan related soft costs.

9-month interest only during construction followed by P&I payments.

Closed: 05/29/2014

Scenario:

A funeral home director was looking to purchase his own death care practice. He contacted 1st Med when he heard about our funeral home financing options.

He was given the opportunity to acquire a strong practice and real estate from a retiring director. With only 10% for injection, 1st Med structured a 15% seller hold-back note to help with the equity injection requirements.

SBA 7(a) Practice Financing Structured with $25K in working capital for marketing & future growth.

Loan Proposal Issued: 5/12/2014

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

Scenario:

A successful Missouri Dentist was looking to refinance his commercial real estate debt and and reduce the interest rates on his practice debt and take out additional working capital. 100% SBA 7(a) Practice Financing Structured to provide for the refinance of his building, practice debt, and working capital needs.

Closed 03/25/2013

Scenario:

An experienced pharmacist was looking to purchase two separate independent pharmacies in the same town and merge them together. On their own, neither pharmacy was profitable. At 1st Med, we saw the value in eliminating one location and was able to structure the acquisition accordingly.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of both pharmacies, the real estate of one of the pharmacies along with working capital needs.

Closed: 03/17/2014

Scenario:

A successful general dentist in Arkansas was looking to start a second location. He was looking for a $530K start-up loan ($300K in leasehold improvements, $200K in equipment, and an additional $30K in working capital) to fund his project.

100% Conventional Veterinary Practice Start-Up Financing structured to meet all the Dentist's start-up needs.

Closed: 1/30/14

Scenario:

An experienced dentist, who has recenly relocated from out of state, was looking to purchase a Dental Practice she was associating at.

She contacted 1st Med Financial for help.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital needs.

Closed: 11/06/13

Scenario:

A Successful Texas Long Term Care Pharmacy was doing extremely well. However, due to they increased business, they were forced to turn their vendor payables into short-term high payment vendor loans.

Hoping to consolidate this vendor debt, they approached 1st Med Financial for advice. Not only did we help this client, we were also able to assist in switching vendors to allow for a better buy plan and increase to the bottom line.

SBA 7(a) Pharmacy Financing Structured to refinance all outstanding vendor debt and provide working capital for future purchasing power. Closed: 10/31/2013

Scenario:

Two Successful Pharmacy Business partners were looking to consolidate their Pharmacy Practice debt due to an upcoming balloon payment on their current loan.

They already were denied financing by a major institution for an SBA loan. This is when they decided to reach out to 1st Med Financial.

100% SBA 7(a) Pharmacy Practice Financing Structured to provide for the refinance of their current practice debt and working capital needs.

Closed: 10/31/2013

Scenario:

A Young Ohio Veterinarian was looking to start-up his own location. He was looking for a $160K start-up loan ($110K in leasehold improvements, $40K in equipment, and an additional $40K in working capital) to fund his project.

100% Conventional Veterinary Practice Start-Up Financing structured to meet all the Vet's start-up needs.

Closed: 9/26/2013

Scenario:

A successful general dentist located in New Jersey was looking to consolidate his current practice debt and his office condo loan into one low easy to manage payment.

The doctor was able to increase monthly cash flow by combining several high interest rate business loans at a much lower rate and by re-casting his debt over 15-years. He also transferred his real estate debt to the practice and ended up with a free & clear office condo.

Conventional Dental Practice Financing structured to consolidate practice loan & real estate debt.

Scenario:

A successful Las Vegas Optometrist was looking to refinance her practice debt and consolidate her credit cards and working capital debt into one loan.

She already had one proposal from a major institution but it would only cover the practice debt.

She approached 1st Med Financial looking for a better offer.

100% Conventional Optometry Practice Financing structured to refinance the practice debt, outstanding personal credit card balances, & working capital needs.

Closed 09/05/2013

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.

Scenario:

An experienced dentist was looking to purchase a pediatric practice approximately 200 miles from his current home. After receiving sub par financing offers from major banks, he came to 1st Med for help.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital needs.

Closed: 07/10/2013

Scenario:

A successful Ohio Optometrist with multiple locations was looking to refinance his commercial real estate debt at one of his locations, consolidate and reduce the interest rates on his practice debt and take out additional working capital for new equipment & improvements.

100% SBA 7(a) Practice Financing Structured to provide for the refinance of his building, practice debt, improvements and equipment and working capital needs.

Closed 06/30/2013

Scenario:

A successful Columbus, OH Optometrist with multiple locations had an opportunity to purchase a foreclosed building at a major discount and relocate his practice.

He contacted 1st Med and inquired about the financing options available for him.

100% SBA 7(a) Practice Financing Structured to provide for the acquisition of the new building, build-out, equipment and working capital needs.

Closed 06/06/2013

Scenario:

A previous client of 1st Med was ready to expand his practice into the 2nd half of the building he purchased a year ago. Of course we were happy to help.

100% SBA 7(a) Practice Financing Structured to provide for 4 new fully-equipped operatories and new waiting area.

Closed: 5/06/2013

Scenario:

A successful Banfield Associate was looking to purchase her own practice in Oregon. She contacted 1st Med when she heard about our 100% financing options.

She was given the opportunity to acquire a strong practice and real estate from a retiring doctor. Although she had minimal capital available to inject, we were able get her approved for 100% financing that was needed to complete the transaction.

100% SBA 7(a) Practice Financing Structured with $50K in working capital for marketing & future growth.

Closed: 4/25/2013

Scenario:

An experienced Florida Veterinarian looking to purchase a practice from a retiring Vet approached 1st Med for help.

She approached multiple lending sources locally, but was having issues receiving financing due to the downward trends of the practice.

We saw the value in her experience and were able to move quickly.

100% Conventional Practice Acquisition Financing Structured with working capital included for marketing & future growth.

Closed 4/05/2013

Scenario:

An experienced long-term Walmart Pharmacist looking to start-up her own Pharmacy inside a upscale independant grocery store located in Baton Rouge, LA.

Having trouble securing the necessary financing, she contacted 1st Med Financial. We worked with her on her business plan and projections and were able to secure the financing she needed.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 03/29/2013

Scenario:

A successful general dentist located in Massachusetts looking to consolidate his former expansion loan and various practice debts he has compiled into one low monthly payment.

His goal was to take advantage of low interest rates and accelerate the pay down of his debts.

Conventional Dental Practice Financing structured to refinance the expansion loan & practice debts. Closed in 23 days from application.

Closed: 2/28/2013

Scenario:

An Associate Optometrist was looking to purchase the practice she was currently working 4 days per week at. After receiving sub par financing from her local banks, she approached 1st Med for help.

100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, new equipment & working capital.

Closed 2/19/2013

Scenario:

When two experienced former healthcare professionals were looking to start-up a new compounding pharmacy concept in Chicago, IL, they were referred to 1st Med Financial.

The partners were looking to create a platform for small & independent pharmacies to access much needed compounding services.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 2/08/2013

Scenario:

Successful Dentist in Montana looking to consolidate & refinance his real estate, practice loan and accumulated debts.

SBA 7(a) Loan Financing structured to refinance original building loan & practice note, loan related soft costs and minor working capital.

Increased monthly cash flow by ~$4000.

Closed: 12/19/2012

Scenario:

Successful Dentist in N. Carolina renovating 6 ops in his current location. He contacted 1st Med Financial looking for $100K worth of equipment and upgrades including 2 new chairs, a digital scanner, software & website design.

Structured 100% conventional equipment loan to cover all equipment & office upgrades.

Closed 12/18/2012

Scenario:

Successful Dentist in Colorado looking to refinance her practice acquisition loan and wrap up her remaining equipment debt into one new low rate loan.

Conventional Dental Practice Loan structured to refinance original acquisition loan & equipment debt and include new working capital. Cash flow was increased by $2869 per month.

Scenario:

Two long time retail pharmacists looking to start-up their own compounding Pharmacy in Knoxville, Tennessee contacted 1st Med Financial. With their combined experience and detailed business plan, we immediately saw the potential in their request.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 11/27/2012

Scenario:

Successful Pharmacist looking to consolidate & refinance his original SBA Acquisition loan and seller held note to a low fixed rate conventional pharmacy loan.

Conventional Pharmacy Loan Financing structured to refinance original acquisition loan & seller note, loan related soft costs and minor working capital.

Closed: 09/10/2012

Scenario:

Successful Dentist with a proven existing practice was looking to acquire the building his practice occupied.

Buyer & Seller negotiated a short sale to purchase the building. A win-win situation for both sides.

100% SBA 7(a) Financing structured for the building acquisition, loan related soft costs & working capital for reserves.

Closed 08/20/2012

Scenario:

Successful Dentist looking to refinance his original practice acquisition loan and lower his monthly debt service.

SBA 7(a) Loan structured to refinance his current interest rate of 8.05% to 6.25%.

Increased monthly cash flow by $1750.

Closed: 08/20/2012

Scenario:

Successful Pharmacist looking to refinance his start-up pharmacy loan to a lower rate and consolidate his current vendor debt.

SBA 7(a) Financing structured for start-up loan & vendor debt refinance, loan related soft costs.

Closed: 08/13/2012

Scenario:

Successful Veterinary Practitioner Husband & Wife Team with 10+ years of experience looking to start-up their own location. Had originally started their project with a large national bank. However, when the contractor estimated came in higher than expected, this bank would not increase the funding amount.

100% SBA 7(a) Financing Structured to take out the current loan and fund the complete project and include $60K in working capital.

Loan Proposal Issued 6/23/2012

Scenario:

Current Associate DVM looking to purchase the Veterinary Hospital he has been working at for the last 7-Years. He currently splits production 50/50 with the owner.

The selling DVM is 65 and is looking to stay on for 3 years and take a fixed salary of $150K. Production will still be split 50/50.

100% Conventional Practice Financing Structured with $75K in working capital for marketing & future growth.

Loan Proposal Issued 5/22/2012

Scenario:

Successful Veterinarian with two existing practice locations looking to acquire a third practice. She approached 1st Med looking for as close to 100% financing as possible.

100% Conventional Practice Financing Structured with $175K seller hold-back to acquire the practice plus and include $75K in working capital.

Closed 03/29/2012

Scenario:

A successful Optometrist was approaching the end of her current lease and needed to decide to relocate or resign. She had her eye on an old building in town which has a perfect main street location. Enter 1st Med, we were able to structure the financing for the acquisition, demo & build-out.

100% Financing structured to refinance current practice debt, acquire the building, demo & build-out to suit and include all closing costs & third-party fees.

Closed 03/28/2012

Scenario:

Successful Dentist looking to refinance his start-up practice loan to a lower rate and access to working capital to expand on his implant business.

Conventional 100% Financing structured for debt refinance, loan related soft costs and working capital for implant business.

Closed: 03/21/2012

Scenario:

Current associate OD working who had been working at the practice for a little over a year was offered a buy-in opportunity. The current owner was planning to retire in 5 years and planned to curtail his work load.

100% Conventional Practice Financing structured with $10K in working capital.

Commitment Issued 3/8/2012

Scenario:

Successful dental practitioner with a proven existing location came upon a great location near his home. He approached 1st Med looking to expand into this market with a 2nd location.

100% SBA 7(a) Financing structured to take-out current practice debt and allow for Tenant Improvements ($200K), Equipment ($100K) and Working Capital ($50K).

Closed 02/10/2012

Scenario:

Successful Optometrist with a proven existing practice was looking to acquire the building her practice occupied. She approached 1st Med looking for as close to 100% financing as possible.

100% SBA 7(a) Financing structured minus $10K for third-party reports.

Closed 02/10/2012

Scenario:

Former Veterinary Practice owner with 6+ years of management experience was looking to start-up an emergency clinic and purchase real estate to house the practice. After finding the perfect location for her practice, 1st Med was contacted.

100% SBA 7(a) Financing structured to buy the real estate, build-out to suit, new equipment, working capital & cover closing costs.

Loan Proposal Issued 1/26/2012

Scenario:

A successful MS Optometrist with a mobile practice serving assisted living facilities was growing tired of the travel requirements. When she found an existing fixed location for sale, she contacted 1st Med Financial.

100% Conventional Practice Acquisition Financing structured to acquire the practice and all assets. Also included $100K in working capital to assist with new branding and the transition period.

Closed: 12/29/2011

Scenario:

Successful Pharmacy practitioner with a proven existing location looking to expand into a great retail location in a nearby city.

100% SBA 7(a) Financing structured to take-out current pharmacy debt and allow for Tenant Improvements ($100K), Inventory ($150K) and Working Capital ($250K).

Closed 10/23/2011

Scenario:

Associate Vet looking to purhcase the real estate & practice she was had been working at for the past 3 years.

SBA 7(a) Proposal Issued

100% Financing (w/ 10% seller hold-back) structured for practice & real estate acquisition, loan related soft costs and $50K in working capital for growth.

Scenario:

Successful Pharmacist looking to consolidate SBA start-up loan, line of credit & increase capital on hand to help with compounding initiative.

Conventional 100% Financing structured for debt consolidation, loan related soft costs and working capital for compounding intiative.

Closed: 10/11/2011

Scenario:

Chicago Area Dentist 3 years into his growing practice looking to consolidate his start-up & other accumulated practice debt.

SBA 7(a) Loan structured to consolidate current debt (Patterson, LOC & Practice Credit Cards), working capital for marketing and growth with $30K on stand-by for new op in 2012.

Increased monthly cash flow by $3500.

Closed: 10/06/2011

Scenario:

General Dentist with two locations looking to buy-out partner who needed to move due to family reason.

Conventional 100% Financing structured for partner buy-out, loan related soft costs and working capital for growth & marketing.

Closed: 9/15/2011

Scenario:

Successful New England area Dentist looking to expand his practice with a 2nd location as a child focused medicaid general practice.

100% Conventional Financing structured for new Equipment Acquisition, Leasehold Improvements, Merchandise & Working Capital.

Closed 09/20/2011

Scenario:

Succesful owner of 2 Pharmacy loacations in Texas looking to consolidate practice debt($325K).

SBA 7(a) Loan Proposal Issued:

Financing structured to consolidated all practice debt

Re-Amortized over 10 years at 5.25% (Prime + 2) resulting in a reduced monthly payment and increased cash flow.

Scenario:

Sucessful Dentist looking to refinance and consolidate his current practice debt (practice acquisition & equipment = $1.1MM).

Conventional Practice Loan Proposal Issued:

Financing structured to consolidate all practice debt

Re-Amortized over 15 years at 6.75% Fixed resulting in a monthly cash flow increase of $4,456. ($53,472 p/yr.)

Scenario:

Successful General Dentist looking to acquire land and construct a new dental office for his 2nd location.

SBA 7(a) Propsoal Issued:

100% financing structured to purchase land, construct new building, purchase furniture, fixtures, and equipment, refinance existing practice debt and to provide working capital and loan related soft costs.

12-month interest only during construction followed by P&I payments.

Scenario:

General Dentist in Laredo, TX three years into a successful start-up looking to refinance and consolidate his start-up loan and 3 subsequent Patterson equipment loans ($550K).

Conventional Practice Loan Proposal Issued:

Financing structured to consolidated all practice debt

Re-Amortized over 7 years at 6.45% Fixed resulting in a reduced monthly payment and an accellerated paydown of debt.

Scenario:

Associate Vet looking to purhcase the practice she was currently working at

Conventional 100% Financing structured for practice acquisition, loan related soft costs and working capital for growth.

Closed: 6/30/2011

Scenario:

Successful Emergency Veterinary Practitioner looking to restructure his debt to increase cash flow with a lower rate and longer term.

Conventional Practice Financing structured to refinance debt, loan related soft costs and working capital for growth. New loan was placed on a 15-Yr. Fully Amortized term leading to an extra $1488 p/month.

Closed: 6/30/2011

Scenario:

Successful Husband & Wife Optometrist team with a two existing locations looking to relocate one of them to the main thoroughfare in town and increase exposure.

99% SBA 7(a) Financing ($10K borrower injection) structured to take-out current practice debt ($240K), Purchase Real Estate ($275K), New Bldg. Construction ($535K) and cover loan related closing costs.

Scenario:

Husband & Wife Pharmacsits looking to leave their current positions at the local Walmart and start-up their own independant practice.

SBA 7(a) Start-Up Loan structured to provide Leasehold Improvements, FF&E Acquisition, Inventory Acquisition from McKesson, Working Capital & loan related soft costs.

Closed: 6/08/2011

Scenario:

Successful Dental Practice needing to update equipment & consolidate current debt.

SBA 7(a) Loan structured to consolidate current debt, acquire new state of the art equipment from Henry Schein and include working capital for growth & marketing.

Closed: 5/27/2011

Scenario:

Successful dental practice looking to refinance to lower interest rate and increase cash flow.

SBA 7(a) Loan Proposal Issued: Financing structured to refinance all practice debt

Re-amortized over 10 years at 5.125% resulting in a 65% monthly debt service reduction ($4,806).

Scenario:

A successful DVM running a two doctor practice needing to expand to accomodate growth.

SBA 504 Loan Proposal Issued:

Financing structured at 90% LTV to acquire land, construction of new building, FF&E acquisition, new equipment, and loan related soft costs.

Scenario:

Successful Perio dental practitioner had outgrown her current location. She entered into a new lease with her current landlord doubling the size of the practice, but was unable to find financing.

Enter 1st Med Financial. We were able to refinance her current debt, include all leasehold improvements, new equipment and working capital.

Closed: 4/20/2011

Scenario:

Successful Husband & Wife Optometry practice looking to expand and relocate their current practice from a 2260 sf. location to a 3650 sf. location.

SBA 7(a) Loan Proposal Issued:

90% Financing structured for Tenant Improvements, New Equipment & Working Capital.

Scenario:

Successful Dental Practitioner who owned the building he operates out of looking to increase cash flow by reducing interest rate and consolidating loans.

Financing structured to consolidate all practice and real estate debt and re-amortize over 25-Years resulting in a $4,281 increase to monthy cash flows.

Closed: 2/28/2011

Scenario:

Successful Dental Practitioner & Consultant looking to refinance his current office building and take advantage of the SBA Fee Waiver Stimulus.

Financing structured to refinance real estate debt and re-amortize over 25-Years at 4.88% resulting in a $4k boost to monthly cash flow.

Closed: 2/24/2011

Scenario:

Chicago area dental practice occupying two separate locations (Orland & Chicago) with a combined 5400 sf. w/ 2 associates and 10 employees.

Financing structured to consoidate all real estate & practice debt

Re-amortized over 25 years at 5.25% resulting in a 59% debt service reduction ($6,897).

Closed: 2/24/2011

Scenario:

Dentist w/ existing practice (5-Years) was presented with an opportunity to purhchase a Bank REO Bldg. to house his practice.

SBA 7(a) Loan Proposal Issued:

Structured 100% Financing for real estate acquisistion, consolidate equipment & practice debts and provided working capital for growth.

Scenario:

Experienced Veterinarian from NY looking to purhcase a practice and relocate to S. Florida.

Structured Conventional 100% Financing for practice acquisition, loan related soft costs and working capital for growth.

Closed in 30 days: 1/30/2011

Scenario:

Successful Dental Practitice doing ~2 Mil in collectoins looking to consolidate Practice & Real Estate Debt.

125% LTV Financing structured to consolidate all practice & real estate debt with an SBA 7(a) Loan.

Re-amortized over 25 years at 5.25% resulting in a 15% debt service reduction

Closed: 1/27/2011

Scenario:

Dental Practice Debt Consolidation

SBA 7(a) Loan Commitment Issued:

Financing Structured to consolidate equipment & practice debts.

Re-amortized over 10 years at 4.88% resulting in a 68% debt service reduction

Scenario:

Associate Vet looking to purhcase the practice she was currently working at (5 years), A small animal 24Hr. Animal Emergency Clinic 98%.

Structured Conventional 100% Financing for practice acquisition, loan related soft costs and working capital for growth.

Closed in 30 days: 12/30/2010

Scenario:

1800 sf leased space with 5 operatories. Reduced Montlhy Debt Service by $3445.

Scenario:

Associate Dentist looking to acquire the practice he was currently employed at. He was also looking to acquire the Bank Owned real estate which housed the practice simultaneously.

SBA 7(a) Loan Proposal Issued:

95% Financing (25K Injection) structured for Practice Acquisition, Real Estate Acquisition Working Capital and Loan Related Soft Costs.

25 Year fully amortizing loan

Scenario:

Dentist looking to purchase a local competitor and merge the acquired practice with his current one.

SBA 7(a) Loan Proposal Issued:

Financing Structured for practice acquisition & to consolidated current practice debt at closing simultaniously.

Scenario:

Associate Dentist looking to purchase the practice he currently works at.

SBA 7(a) Loan Proposal Issued:

100% Financing structured for practice acquisition, working capital and loan related soft costs.

Scenario:

Pharmacy Practice Debt Consolidation

SBA 7(a) Loan Proposal Issued:

Financing Structured to consolidate equipment & business start-up debts and provided working capital for growth

Re-amortized over 10 years at 5.25% resulting in a 67% debt service reduction

Scenario:

Associate Vet looking to acquire the practice she had been working at for the past 5-Years.

SBA 7(a) Loan Proposal Issued:

100% Financing (25% seller held 2nd) structured for Practice Acquisition, Working Capital and Loan Related Soft Costs.

Scenario:

Dentist w/ existing practice was presented with an opportunity to purhchase a Bank REO Bldg. to house his practice.

Structured 98% Financing for real estate acquisistion, consolidate equipment & practice debts and provided working capital for growth.

Closed in 45 days: 5/19/2010