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
Contact one of our experienced Practice Loan Advisors at (800) 318-7125.