Dr. Knizley was a Veterinarian who was expecting to purchase a solid cash-flowing practice. What she did not expect was how much money down was required to receive the financing. We were able to secure the funding she needed at 3.89% over 10 years with essentially no money down! We were also able to get her a $75,000 Line of Credit at 4.95% to use as needed for working capital!
Now, the cash-flow of this veterinarian clinic was very strong, so it enabled the bank to feel more comfortable with the transaction. However, most lenders would require at least 10% to 20% down no matter what. That is the value we at Ivanhoe Capital Advisors bring to the table!