$600K Optometry Practice Acquisition

Date:
March 27, 2015
Practive Type:
Optometry Practice
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

Loan Terms:
$600K OPTOMETRY PRACTICE ACQUISITION, 5.94%, 10 YEAR TERM - FIXED RATE

Please contact one of our experienced pracitce loan advisors at 800-318-7125.