Practice Loan Details
| Date: |
June 20, 2014 |
| Title: |
$1.9MM PET & Medical Imaging Practice Acquisition |
| Practice Type: |
MRI / Imaging Center |
| Loan Terms: |
$1.9MM PET & MEDICAL IMAGING PRACTICE ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM |
| Scenario: |
A Nuclear Medicine Resident was looking to purchase a successful PET & Medical Imaging Practice in NY. The acquisition was scheduled to take place just days after the doctor finished his residency.
It was crucial to have the loan approved in advance and all the conditions met prior to closing as time was of the essence. 1st Med assisted the doctor throughout the process and was able to structure the acquisition accordingly including $250K in working capital.
SBA 7(a) Practice Financing Structured to provide for the acquisition of the PET & Imaging Practice along with working capital needs.
Closed: 06/20/2014 |
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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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