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At 1st Med Financial, we understand that many times, a partner buy-in/buy-out is the most advantageous scenario for a dentist. Maybe an aging practitioner would like to cash-out some equity in the practice and bring on a new or current associate to share and continue to grow the practice. Or, a current partnership has ran its course and one of the Veterinary practice partners is looking to move on. We will assist in coordinating the most suitable financing scenario to meet the ultimate goals of both parties.
Keep in mind that a partner buy-in will usually require a lien on the whole practice (not just the half being financed). This is a detail to be brought up early in negotiations, as many current Veterinary practice owners are not aware of this requirement. A personal guarantee of the selling partner will not be required.
At 1st Med, we've been helping numerous Veterinary practice partners take advantage of the historically low interest rates & the multiple 100% buy-in options available.
At 1st Med Financial, we pride ourselves on guiding each buyer through the process of successfully obtaining A Veterinary Practice Partner Buy-in / Buy-Out Loan. Our Veterinary Practice Loan Advisors have over 25 years of combined lending experience and will work with you to evaluate the financial feasibility of the opportunity you are considering.
To speak with one of our practice loan advisors and learn more about the Veterinary Practice Partner Buy-In/Buy-Out Loan Programs available, give us a call at (877) 625-8531 or click here to get started online.
“ We recently closed a practice acquisition loan and a real estate loan with Mike Furlong and 1st Med Financial. Having shopped the deal with several local banks and other medical lending institutions, we knew that the conditions and circumstances of the deal were far from ideal.
Mike provided the insight and experienced needed to not only obtain financing, but at rates and terms that far surpassed our expectations. Mike was an absolute pleasure to work with and we would highly recommend him to anyone looking for medical financing.”