Question 1

How can an SBA 7(a) loan benefit my dermatology practice?

Accepted Answer

An SBA 7(a) loan can provide flexible, long-term financing to help your dermatology practice grow. Unlike traditional loans that heavily rely on collateral, the 7(a) program prioritizes your practice’s cash flow and repayment ability.

Question 2

What do I need to qualify for an SBA 7(a) loan for a dermatology practice?

Accepted Answer

To qualify for an SBA 7(a) loan, your dermatology practice must be a for-profit entity with U.S. operations, have good credit, and sufficient cash flow to support repayment.