This was a great opportunity and the dentist needed to move fast. That is when he decided to contact 1st Med Financial. We analyzed the new practice and due to the strong cash flow concluded that it could stand on its own.
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 5.37% interest rate fixed for 10 years. There was not a requirement to extend his lease on his first practice.
Conventional Practice Acquisition Financing structured to cover the practice assets, goodwill & working capital..
Closed: 04/14/2017.
Contact one of our experienced Practice Loan Advisors at (800) 318-7125.