Commercial Loans Blog

Calling All Doctors.  We can get you 100% loans for small business.

Project: $1,490,000 Practice & Real Estate Acquisition for Optometrist

Loan 1 -Practice Acquisition & Working Capital
$1,050,000 Conventional loan
10 year term w/ 10 year fixed rate at 6.50%

Loan 2 - Real Estate Acquisition
$440,000 SBA 7a Loan
25 year term w/ 10 year fixed rate at 5.95%

With our capacity to fund medical practices using conventional loans we were able to provide 100% financing for this borrower. If this opportunity was financed exclusively through the SBA program the buyer would have to come up with a 25% injection toward the entire project per the “goodwill” guidelines of SBA. This was a deal killer.

However, because we can offer conventional loans for medical (including Ophthal, Opto, Dental, Vet and Pharmacies), we were able to structure 100% financing for the entire project including working capital and with competitive long term, fixed rate money. This borrower also appreciated that we had no loan covenants and no depository requirements which are quite often found in larger bank loan docs.

Give us a Call today at 512-522-8630 to get you approved. We lend nationwide to all industries starting at $250K +.