medical professional loans: Medical professional loans
- 06/01/09 02:22 PM
Medical professional loans Use of Loan Proceeds: Practice start-up or purchase / Expansion, partner buy-out / Real estate or leasehold Can include equipment, furniture, working capital. Loan Amounts: $250,000 to $2,000,000 Cash/Equity Injection: 10% of total project costs. Experience: Proper license and 2 years direct experience in the industry. Loan Terms: Term up to 25 years. Fully amortized (no balloon). Interest Rates: Dependent upon strength of practice Rates from P+1.25% - 2.5% variable Collateral: No minimum for Start-ups up to $500,000 No minimum for Acquisitions to $1,000,000 Personal Guaranty: SBA requires from all 20% or more owners. Life Insurance: Key man … (0 comments)
Medical professional loans;)
;)
