SBA 504 Loan Program

Program Highlights

660 minimum credit score

loan amounts from $500k to $12 million

practice must occupy 51% of the property

blended interest rates start in the 4% range

low down payment - 90% financing available


Use of Proceeds

Real estate - purchase and acquisition, construction or renovation of owner-occupied commercial real estate
Machinery & Equipment - purchase
Build- Out

Standard Loan Structure

50% financing - First mortgage (up to $5 million)
40% financing - SBA 504 second mortgage (SBA Certified Development Corporation provides up to $5 million)
10% minimum down payment by the borrower


First Mortgage
* 25 years, fully amortized
* Fixed, floating and adjustable rates available
* Competitive fee structure
* Prepayment penalty applies & is set based on various factors

Second Mortgage
* 20 year fixed term
* Fixed rate is determined at SBA-guaranteed 504 debenture sale
* Fees set by CDC
* Prepayment penalty for initial 10 years, none after the end of year 10

Loan Proposal Issued In 24-48 Hours Guaranteed!

At 1st Med Financial, we pride ourselves on guiding each client through the often challenging and confusing process of Dental Practice Financing. Our Dental Practice Loan Specialists have over 35 years of combined lending experience and will work with you to evaluate the financial feasibility of the opportunity you are considering.

To speak with one of our practice financing specialists and learn more about the SBA 504 Loan program,, call us TOLL FREE at 800-318-7125 or click here to get started online.

1st Med Advantages

  48 Hour Pre-Approvals
  Direct Industry Knowledge
  Streamlined Closing Process
  No Up-Front or APP Fees Ever!

Recent Closings










Recent Testimonial

"We recently closed a practice acquisition loan and a real estate loan with Mike Furlong and 1st Med Financial. Having shopped the deal with several local banks and other medical lending institutions, we knew that the conditions and circumstances of the deal were far from ideal.

Mike provided the insight and experienced needed to not only obtain financing, but at rates and terms that far surpassed our expectations. Mike was an absolute pleasure to work with and we would highly recommend him to anyone looking for medical financing."

Dr. Kayla Shipman, DVM