Medical professionals, this opportunity is too good to pass up! ICA recently helped a cardiologist out of a 7.5% variable rate into a 4.25% fixed rate with a non-SBA loan.
The doctor was using his house as additional collateral and struggling under the burden of the high variable rate. Once the cardiologist secured the non-SBA conventional loan, he went from paying $7,389 per month to $5,278 – a savings of more than $2,100 per month – and freed his house.
Some Of The Loan Commitments We Received In The Last 30 Days
- 1.4 Million Dental Practice Acquisition in Scottsdale, AZ – 10 Year Fixed Rate at 4.18%!
- 75% Buy-in to existing Medical Practice in Burnsville, NC – 10 Year Fixed @ 4.5%
- 900K Building Purchase for existing Dentist in Yucaipa, CA – 10 Year Fixed / 25 Year Amortization @ 4.99% – 600K Working Capital at 10 Year Fixed @ 4.75%!
- 1.4 Million 80% LTV Building for Dentist in San Fernando, CA – 10 Year Fixed / 20 Year Amortization @ 4.75%!
- 442,800 Dental Practice Acquisition in Parker, CO – 10 Year Fixed @ 3.96%. 75K Working Capital – 10 Year Fixed @ 5.45%!
- 1.7 Refinance of SBA Loan on Medical Practice building in Jansen Beach, FL -10 Year Fixed / 20 Year Amortization @ 4.75%!
- 400K Dental Practice Acquisition in Hagerstown, MD – 100% Financing! 10 Year Fixed @4.18%. 75K Working Capital – 10 Year Fixed @ 5.45%!
ICA Can Finance
- Dental practices
- Veterinarians
- Optometrists
- Ophthalmologists
- General medical practices
- Cardiologists
- Oncologists
- Anesthesiologists
- And other medical professionals
General Conventional Practice Structures
- 10-year terms
- 10 to 12-year amortizations (15-year AMS on a case-by-case basis)
- On practice debt, we can finance up to 100% (85% to 90% of previous year gross aggregate revenue)
- Fixed rates starting in the high 3’s
- Prepays are declining but can be waived on a case-by-case basis
General Conventional Real Estate Structures
- 10 Year terms (minimum)
- 20 to 25-year amortization
- Fixed rates starting in the low 4’s
- Prepays are declining but can be waived on a case-by-case basis
- Reasonable appraisal prices
- Reasonable practice valuations (valuations are only needed for practice worth more than $1 million)
- Fast turnaround times
Get Help With A Non-SBA Loan Today
If you need our help with your business loan, have a few questions, or are ready to apply our experts are here for you. Please call us at 847-644-8085 or fill out our short form and one of our team professionals will get back to you within 24 hours.