Asset Based Loans:

A finance method that will leverage your asset and provide funds to operate and grow

Our asset based program is presently available to healthcare practices and any medical professional who operates his or her own practice on a day-to-day basis and is not just a Property Management or Investment Company that is owned by a medical professional. It is designed to provide funds to enhance the value of any practice whether it is a start-up or already established practice. The practitioner must be licensed a minimum of 2 years. Medical practices owned and operated by non-medical professionals will not qualify for this Program.

How Does It Work?

After approval, funds will be issued directly to you, the doctor for the benefit of the practice. You can use the funds to enhance the value of your practice, as operating capital, pay outstanding debts, expand, acquire a practice, purchase equipments or as you see fit. Repayment terms are up to 84 months.

GENERAL REQUIREMENTS, FEATURES & BENEFITS:

Private Practice loans may require spousal and personal guarantees, unless it’s waived at the time of approval. If your spouse is unwilling to guarantee the loan, let us know at time of application so we can factor this information into the credit decision.

Approvals are generally very quick and are valid for 60 days.

Transactions of $75,000 and above generally require complete business and personal tax returns. Our loan document does NOT restrict the doctor's ability to borrow, buy, sell or lease equipment as needed for the practice.

Loans of $150,000 or less would not have to have UCC-1 liens filed and are generally not reported to the Credit Bureaus unless in the event of default.

Any existing tax liens or judgments would have to be settled with loan proceeds or require subordination for loan to be approved.

Any bankruptcy within 5 years would require security or real estate.

Ideally, credit score of 670 and above is desirable.

Practice & Professions we serve:

Other asset based funding programs:
Credit Card Cash Advance Loan
Installment Contract Funding

If you have a loan need outside of our parameters, you may also contact us for funding arrangements.

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