Practice Loan Details
Date: |
October 304, 2013 |
Title: |
$327K Pharmacy Debt Consolidation |
Practice Type: |
Pharmacy Practice |
Loan Terms: |
$327K PHARMACY DEBT REFINANCE, 5.25% (PRIME + 2.00), 10-YEAR TERM. |
Scenario: |
Two Successful Pharmacy Business partners were looking to consolidate their Pharmacy Practice debt due to an upcoming balloon payment on their current loan.
They already were denied financing by a major institution for an SBA loan. This is when they decided to reach out to 1st Med Financial.
100% SBA 7(a) Pharmacy Practice Financing Structured to provide for the refinance of their current practice debt and working capital needs.
Closed: 10/31/2013 |
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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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