Dr. Yang was initially turned down by the bank for her dental practice acquisition. Sometimes it’s all in the presentation! Because of our 35+ years of experience, we knew how to present the transaction to underwriting that made sense for them to try again. She...
This pharmacist was basically in business just pay his factoring company because after he paid them there was nothing left for himself. While he was waiting to get paid from the State of New York, his high-priced factoring company was just sucking his bank account...
Dr. Davis wanted to expand his dental practice by purchasing another competitor in his area. We were able to secure him what we are calling a Banking TRIPLE PLAY! We first got him $655,000 at 4.16% with NO MONEY DOWN to purchase the dental practice! Second, we got him...
Dr. Porter had a variable start rate of 6.5% on an SBA loan he took out on his practice and the building his practice was located in. When rates started creeping up so did his payments, due to the fact that it was a variable loan on $2.7 million. When he started the...
This scenario was not easy due to the fact the prior year was the first tax return in which this hair restoration practice showed a profit. There were also some tax liabilities from prior years that we had to deal with. He also did not have very good liquidity so we...
I don’t think you have to be a mathematician to figure this one out. 4.21% on $400,000 as opposed to 8.9% is a $1,562 per month savings! Also, we were able to term out a higher interest rate line of credit the doctor had at a local bank which gave him 4.21% on another...