$1.05MM Veterinary Practice & RE Acquisition

Date:
April 25, 2013
Practive Type:
Veterinary Practice
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

Loan Terms:
$1.05MM VETERINARY PRACTICE & RE ACQUISITION, 5.75% (PRIME + 2.50), 25-YEAR TERM

Please contact one of our experienced pracitce loan advisors at 800-318-7125.