Optometry Practice Financing
MedTrust knows the unique fiscal needs that optometric practices have. That’s why we offer the widest range of optometry practice financing options available in the industry. We understand the amount of dedication required to run a successful optometry practice. In order to assure the success of your practice, we’ll create a custom loan package that meets your specific needs.
100% Optometry Practice Financing Solutions
At MedTrust Capital we do not provide “one-size-fits-all” optometry loans. We’ll take a comprehensive look at your project and your current financial status, and then we’ll recommend a customized lending solution that is right for you.
MedTrust can help, whether you need the funds for taxes, cash flow, or other expenses.
Optometrist Working Capital Loans
MedTrust can provide working capital loans for optometrists in amounts up to $2,000,000.
Types of uses for a working capital loan can include:
- Cash flow coverage during a seasonal downturn in business
- Hiring new employee(s)
- Personal debt
- Divorce settlement
Our rates and terms vary based on a variety of factors such as income, assets and purpose of the working capital. Additional factors include the financial strength of the borrower/practice, as well as the credit history. Our optimum program has a variable rate ranging from Prime minus 1% up to Prime plus 2% with Interest Only payments. Other program rates will run higher depending upon qualifications, and are fixed payments for 6 or 7 years, and payments can be deferred for 90 days. We are also able to use the Working Capital program in combination with other financing on a larger project. Frequently, we’ll provide Equipment Leasing or Real Estate financing in addition to Working Capital loans for a project, which allows for a zero down payment. Unlike other medical practice financing companies, MedTrust Capital Group provides a finance package that is designed for a specific project, whether it’s one loan or a combination of loans.
Zero-Down Loans for Commercial Real Estate
MedTrust offers zero-money down commercial estate loans for optometrists that occupy at least 51% of the building. Unlike the big banks, we provide financial solutions that are specific to optometry practices. We offer flexible solutions that accommodate to the specific needs of your project. We understand the optometric industry and are not beholden to strict guidelines, low Loan-To-Value Ratios, or bureaucracy.
Why are we different from the banks and our competitors? Zero money down financing is possible; amounts from $5K to $20M; there are no call provisions or balloon payments.
Optometry Practice Debt Consolidation
We have assisted numerous optometrists in getting out of debt and growing their business with our programs. A correctly structured loan can dramatically increase your cash flow by saving you thousands of dollars a month. We’ll provide you with an analysis of your existing loan structure, thus allowing you to determine whether or not it makes fiscal sense to refinance into one manageable payment. We can also help you with your adjustable-rate SBA loans by moving them to a fixed-rate. We even offer terms available for up to 15 years.
Startup Loans for Optometry Practices
Starting an optometry practice should be an exciting prospect for any optometrist. But often the cost of doing so can seem overwhelming. The lease, furniture, equipment, supplies, marketing, and employee costs add up quickly. MedTrust will evaluate your needs and determine what kind of financing makes the utmost sense for you and your new practice.
We offer a number of financing types including conventional, portfolio, SBA and non-traditional loans. If you’re contemplating the purchase of a building, longer length 25-30 year terms are available on real estate financing when done in conjunction with establishment of your new practice.
Buying an Optometry Practice
Purchasing an existing optometric business can be one of the most prudent investments you can make. With in-place staff, patient base, and equipment, existing optometry practices make for a considerably more stable venture. However, these bonuses often necessitate a higher price tag. MedTrust can assist you in securing the necessary financing to make the transition to your new practice seamless. We have terms of up to 15 years and can hold an approval for up to one year while the final details are worked out with the former owner.
Optometry Practice Expansion, Remodel, and Relocation Loans
MedTrust Capital can help you secure the financing to grow, whether you have one office and are looking to add a second, or you have 10 and want to add six more. Financing is even available for optometrists looking to relocate to a more fitting location or wanting to remodel their current location. Rates and terms may vary depending on the size and scope of the loan, but 100% financing is possible.
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