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