The Dentist decided to come to 1st Med Financial because everywhere else he went to, they required that he refinance the current practice debt as well. This was out of the question because the pre-payment penalty would be almost $100K and the he was not willing to pay that.
1st Med Financial has access to a number of different practice financing programs. 1st Med Financial was able to get the Dentist Financing at a low 4.86% interest rate fixed for 10 years. There was no requirement to refinance his current practice loans.
Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..
Closed: 06/27/2016
Please contact one of our experienced pracitce loan advisors at 800-318-7125.