Practice Loan Details
| Date: |
June 10, 2015 |
| Title: |
$595K Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$595K DENTAL PRACTICE DEBT REFI 5.85%, 8 YEAR FIXED TERM |
| Scenario: |
A successful general dentist located in Georgia was looking to consolidate his current practice debt into one low easy to manage payment. He was also looking for some working capital to purchase equipment in the near future.
The practice debt included a practice loan, two equipment loans and a high interest rate daily payment loan.
The doctor approached 1st Med Financial because his debt payments were way too high and needed some help to increase his cash flow.
The doctor was able to increase cash flow by more then $6,000 a month by combining all his loans at a lower rate. By re-casting his debt over only 8 years he would still pay-off this loan before his original practice loan would mature.
Conventional Dental Practice Financing structured to consolidate practice loans, equipment loans, daily payment loan & working capital.
Closed: 06/10/2015 |
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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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