Practice Loan Details
| Date: |
February 10, 2012 |
| Title: |
$500K Dental Practice Expansion (2nd Location) |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$500K DENTAL PRACTICE EXPANSION, 100% FINANCING, 5.25% (PRIME + 2), 15-YEAR TERM |
| Scenario: |
Successful dental practitioner with a proven existing location came upon a great location near his home. He approached 1st Med looking to expand into this market with a 2nd location.
100% SBA 7(a) Financing structured to take-out current practice debt and allow for Tenant Improvements ($200K), Equipment ($100K) and Working Capital ($50K).
Closed 02/10/2012 |
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1st Med Advantages
 48 Hour Pre-Approvals |
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| Direct Industry Knowledge |
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| Streamlined Closing Process |
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| No Up-Front or APP Fees Ever! |
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