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Need a Loan for your Medical Practice? We can help...
At 1st Commercial Lending, we specialize in structuring Medical Practice Loans for new and current Medical Practice Owners. Our Medical Practice Loan specialists understand the unique financing needs of the MD's and Medical Practice Owners. Since 2004, we've helped numerous MD's acquire, build, expand and refinance their Practice and real estate debt. When you are ready, we will work with you to understand your specific financing needs and design a personalized plan to help you meet your goals
1st Commercial Lending's financing solutions offers Medcial Practice Owners the full scope of financing to meet their specific needs. Over the years, we have developed a streamlined approval process that offers our clients quick answers and speedy results.
Medical Practice Loan Rates
| Program | Rate | Term |
|---|---|---|
| Conventional Loan | 3.99% to 5.10% | 10 - 15 Years |
| SBA 7(a) Loan | 4.75% to 6.00% | 10 Years |
| Working Cap | 5.25% to 6.00% | 10 Years |
*Rates Are Subject To Change
Medical Practice Loan Programs
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Practice Acquisitions
Acquiring an established Medical Practice can be a great opportunity to advance your professional career. Purchasing an existing practice offers the accounting professional an existing staff, location and patient base and is considered much less risky than a start-up.
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Practice Debt Consolidation
If you are looking to refinance your Medical Practice Practice Debt, now is a great time to take advantage of all time low interest rates and reduce your monthly debt payment. The resulting increased cash flow and working capital may be just what your practice needs to reach the next level of success.
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Practice Expansion, Relocation or Remodel
Every successful Medical Practice Owner, at some point in time, will have the need to upgrade or expand their practice. Maybe you have outgrown your current location or see an opportunity in relocating the practice. Or, you may be looking to grow your practice by purchasing a Book of Practice from another professional. A Patient File Acquisition is a great way to expand your practice and increase cash flow without increasing any fixed expenses.
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Partner Buy-Out
Sometimes, a partner buy-out is the most advantageous scenario for the health of your Practice. Maybe a partner would like to cash-out some equity or the partnership has run it's course. Explore your options with 1st Commercial Lending today.
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Commercial Real Estate
A great advantages of having a successful Medical Practice is that you can tap into your built up GOODWILL and purchase commercial real estate to house your Practice. Why rent, when you can purchase commercial real estate with 100% financing options. 1st Commercial has the knowledge and experience to guide you through the process.
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Working Capital Needs
Easy access to working capital can be a crucial component to operating a successful Medical Practice Practice. We have access to both working capital loans and bussiness line of credit programs that can help your Practice grow when needed. Our finance team has assisted numerous MD's in accessing the cash it needs to keep growing.
1st Commercial's Medical Practice Loan Partners offers each Practice owner the full scope of lending programs needed to meet their needs through their Practicees entire lifecycle.
Get started and complete our Practice Loan Request and one of our experienced Practice loan advisors will be in touch within 24 hours.
What Our Customers Say
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“First, let me take a minute to say Thank You! The time and effort you and your team took to get me the financing I needed for my buy-out, acquisition and consolidation was, to say the least, beyond awesome. I was treated by everyone as if we were long lost best friends.
Through the entire process, it felt as though getting this done was a personal task....not a job. Embarrassingly enough, I had come to you once, but decided to go to my bank "because they knew me". They were terrible, to put it nicely.
Bottom line, I'm where I am today with my practice because of you.”
Dr. Chris Coplin, DMD
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