At some point, many physicians make the decision to transition from working as an associate or in a hospital setting to opening a practice of their own. One of the hurdles many physicians must overcome when they aspire to start a new practice is securing the funding to make it happen.

When starting up a practice, securing the right medical practice financing can be difficult, and traditional banks do not always offer the best options. The initial capital injection requirement and interest rates they assign to medical practice loans can be a heavy burden, especially in the beginning when a medical practice needs as much working capital as possible.

Working with 1st Med Financial is different because we understand your needs in a way that banks or credit unions never could. Our Practice Loan Advisor Team is specifically educated on the medical practice financing options available to physicians and doctors in today’s marketplace.

Medical Practice Start-Up Loans can cover a variety of needs including:

• Build-Out / Leasehold Improvements
• Real Estate Acquisition
• Medical Equipment
• Practice Furnishings
• Working Capital

For many physicians, it’s a life-long dream to open their own practice. Considering the amount of education, work and dedication, it has been a long road to say the least. Even though you’ll continue to work hard once you open your own practice, there is a certain degree of satisfaction that comes with knowing that you’ve reached one of your life’s goals. At 1st Med Financial, we’d like to help you get there.

For more information on applying for one of our medical practice loans, contact us today!