Practice Loan Details
| Date: |
April 25, 2013 |
| Title: |
$1.05MM Veterinary Practice & RE Acquisition |
| Practice Type: |
Veterinary Practice |
| Loan Terms: |
$1.05MM VETERINARY PRACTICE & RE ACQUISITION, 5.75% (PRIME + 2.50), 25-YEAR TERM |
| Scenario: |
A successful Banfield Associate was looking to purchase her own practice in Oregon. She contacted 1st Med when she heard about our 100% financing options.
She was given the opportunity to acquire a strong practice and real estate from a retiring doctor. Although she had minimal capital available to inject, we were able get her approved for 100% financing that was needed to complete the transaction.
100% SBA 7(a) Practice Financing Structured with $50K in working capital for marketing & future growth.
Closed: 4/25/2013 |
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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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