April 18, 2016

Veterinary Practice

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

$345K VETERINARY PRACTICE START-UP, 6.00% (PRIME + 2.75), 10-YEAR TERM