SBA 7(a) LOANS FOR MEDICAL PRACTICES
A thriving medical practice requires both clinical excellence and a strong financial strategy that fosters growth and stability. The SBA 7(a) loan program is a top financing choice for medical providers due to its flexibility. Whether you’re looking to expand your services, purchase advanced medical equipment, or renovate your office space, the SBA 7(a) loan provides essential benefits tailored to support your practice.
Longer Repayment Terms
SBA 7(a) loans offer flexible repayment terms: up to 10 years for working capital, equipment, and general business purposes, and up to 25 years for real estate purchases. Loans under 15 years can be repaid anytime without penalties, while those over 15 years have prepayment penalties in the first three years: 5% in year one, 3% in year two, and 1% in year three. After three years, repayment is penalty-free, offering flexibility and control over your loan schedule.
Competitive Interest Rates
Enjoy 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 Down Payments
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%.
Flexible Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Medical Practice?
Our flexible financing solutions allow you to invest in the most critical aspects of your practice, whether it's one specific area or several at once:
Business Expansion
Whether you’re expanding your service offerings, renovating your facilities, or opening a new location, our loans provide the capital you need to successfully grow your medical practice.
Equipment & Technology
Invest in state-of-the-art medical equipment and innovative technology to enhance your practice's services and improve patient care.
Real Estate Investments
Purchase, build, or refinance your office to give your practice a solid foundation for growth and success.
Working Capital
Ensure smooth day-to-day operations by covering essential expenses like payroll, office supplies, and marketing.
Debt Refinancing
Simplify your financial management by consolidating multiple loans into one, often with better terms.
Solutions for Every Stage of Your Medical Practice
Our SBA 7(a) loans are designed to support medical providers throughout their careers, whether you’re just getting started, expanding your business, or preparing for retirement.