SBA Loans for Real Estate or Medical Practice
There are 2 primary types of SBA loans for physicians - the SBA 7a and the SBA 504
SBA 7a For Medical Practice Financing, Real Estate or Equipment
The SBA 7a loan is ideal for physicians in need of financing for real estate, but it can also used to purchase an existing medical practice, partner buyouts, debt refinance, equipment purchase, property improvements, working capital and other legitimate practice needs.
Please click the following link for more info: SBA 7a Loan .
SBA 504 for Real Estate & Equipment
The SBA 504 loan program is an outstanding choice for Physicians who need to build a new office, renovate or expand an existing medical or surgical facility or refinance their current facility as part of an expansion.* (Please see below for more information).
Benefits of the 504 loan for Doctors and Medical Facilities
1. SBA loans are commercial loans that are actually available in the current credit environment
2. You can include the financing of expensive medical equipment with a useful life of 10 or more years.
3. If you build in some energy efficiency you may be able to finance up to $10,000,000+ with a 10% equity injection.
4. Long term fully amortized financing with no balloons, calls, re-qualifying or refinancing later.
5. 90% loan to cost financing - i.e. you can finance improvements, closing and soft costs.
6. Rates and fees are very low.
7. The application/approval process is unlike other SBA loan programs that have historically been difficult.
We also offer loans for working capital in addition to real estate financing.
SBA Physician Loans are well suited for many types of medical practices and facilities including:
Anesthesiology
Cardiology
Chiropractic
Dermatology
Endocrinology
Neurology
Obstetrics & Gynecology
Orthopedics
Ophthalmology
Pediatrics
Physiology
Plastic Surgery
Radiology and MRI Imaging Centers
Sports Medicine
Urology
More SBA 504 Loan info: 504 Loans
Summary of SBA 504 Renewable Energy Benefits
Please contact us at 1-800-414-5285 to find out how our expertise with the SBA 504 can help your practice.
