$303K Dental Practice 2nd Location Acquisition

Date:
April 14, 2017
Practice Type:
Dental Practice
Loan Scenario:
A very successful Dentist in Arizona was looking to purchase his 2nd practice in neighboring town. The Dentist already owned a successful practice. He initially went to the bank that financed his 1st practice but they turned him down. The issue was that they required an updated lease on his first practice and that would not be possible for at least a few months.

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.

Loan Terms:
$303K DENTAL PRACTICE 2ND LOCATION ACQUISITION, 5.37%, 10 YEAR FIXED TERM

Contact one of our experienced Practice Loan Advisors at (800) 318-7125.