DERMATOLOGY SBA 7(a) LOANS
Key Benefits of SBA 7(a) Loans for Dermatology Practices
Offering flexible financing options tailored to the specific needs of dermatology practices, SBA 7(a) loans enable the purchase of equipment and expansion of services. With competitive interest rates and extended repayment terms, these loans enhance cash flow while allowing for investment in growth and improved patient care.
Extended Repayment Terms
With SBA 7(a) loans, you can choose repayment terms of up to 10 years for general business needs or up to 25 years for real estate purchases. Loans under 15 years come with no prepayment penalties, while longer loans have penalties for the first three years — 5% in the first year, 3% in the second, and 1% in the third. After three years, you can repay penalty-free.
Competitive Interest Rates
Enjoy the advantage of competitive interest rates with SBA 7(a) loans, helping you save on financing costs. A government guarantee lowers our risk, enabling us to provide better rates than other lenders.
Lower Upfront Costs
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Versatile Use of Funds
From purchasing advanced dermatological equipment to expanding office space or refinancing debt, SBA 7(a) loans can address a variety of business requirements.
What Can SBA 7(a) Do for Your Dermatology Practice?
Our SBA 7(a) loans empower dermatology practices to invest strategically in growth, innovation, and operational stability.
Facility Expansions & Renovations
Upgrade, expand, or remodel your clinic to create a more welcoming and functional space, enhancing both patient experience and staff efficiency.
Advanced Equipment & Technology
Acquire state-of-the-art lasers, diagnostic tools, and other cutting-edge technology essential for delivering superior skin care services.
Real Estate Acquisition
Invest in a new office space or refinance your existing property to support your practice's expansion and financial stability.
Working Capital
Maintain seamless operations by covering day-to-day expenses such as payroll, utilities, and marketing campaigns.
Debt Refinancing
Streamline your financial commitments by consolidating high-interest debts into a single loan with more favorable terms, freeing up cash flow.
Solutions for Every Stage of Your Dermatology Practice
Our SBA 7(a) loans are designed to support dermatology professionals throughout their careers, whether you're launching a new clinic, scaling your practice, or planning for retirement.