Practice Loan Details
| Date: |
April 06, 2016 |
| Title: |
$150K Dental Practice Working Capital |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$150K DENTAL PRACTICE WORKING CAPITAL, 6.25%, (Prime + 3.00%), 10-YEAR TERM |
| Scenario: |
A successful Dentist who already had a thriving practice was looking for working capital to update his second practice which he had recently purchased.
The dentists came to 1st Med Financial for help because all the banks that he was dealing with were not able to provide a working capital loan without having a 1st lien position on his 1st practice.
1st Med Financial was able to secure the dentist a working capital loan that was in a secondary lien position. The rate and term were still very competitive with a standard practice loan.
100% SBA 7(a) Practice Financing Structured to provide working capital needs.
Closed: 04/06/2016. |
| |
|
|
|
1st Med Advantages
 48 Hour Pre-Approvals |
|
| Direct Industry Knowledge |
|
| Streamlined Closing Process |
|
| No Up-Front or APP Fees Ever! |
|
|
