Practice Loan Details
| Date: |
March 27, 2015 |
| Title: |
$600K Optometry Practice Acquisition |
| Practice Type: |
Optometry Practice |
| Loan Terms: |
$600K OPTOMETRY PRACTICE ACQUISITION, 5.94%, 10 YEAR TERM - FIXED RATE |
| Scenario: |
An Optometrist associate was looking to purchase the practice he was currently working at two days a week.
The doctor approached 1st Med Financial for help. He had a couple of credit issues in his past and needed help securing financing. He was already turned down from two large banks.
After numerous conversations with the doctor we were able to understand that what happened to his credit was a couple of unfortunate events that were out of his control.
We were able to help him overcome his past credit history and get the loan closed.
100% Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill, & working capital of $50K.
Closed: 03/27/2015 |
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1st Med Advantages
 48 Hour Pre-Approvals |
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| Direct Industry Knowledge |
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| Streamlined Closing Process |
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| No Up-Front or APP Fees Ever! |
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