There were a few issues with the purchasing dentist's credit. A number of lenders had already turned her down. That is when she decided to contact 1st Med Financial to see if we can help her with the deal.
At 1st Med Financial, we were able to analyze both practices and understand the amount of costs that could be cut. We also looked at consolidating the dentist's original debt. Even though it was a small amount, the payments were high and it really helped with the cash flow when it was included.
100% SBA 7(a) Dental Practice Financing Structured to refinance the purchase of the neighboring practice, consolidate the current outstanding debt, and working capital.
Closed: 06/14/2017
Please contact one of our experienced pracitce loan advisors at 800-318-7125.