Financing Structure and Acquisition
As a Physician CPA, I understand the unique financial needs of physicians and their medical practices. Whether you’re still finishing your residency or you’re a partner in a fast-growing medical practice, you need flexible financing options to help you manage your personal and professional expenses. Physicians typically need financing for the following:
- Practice sales & purchases
- New practice start-ups
- Commercial real estate programs
- Practice working capital funding
- New equipment purchase
- Technology acquisition
- Home mortgage
- Medical office financing
- Leasehold improvement financing
- Medical malpractice premium financing
- Debt consolidation
- Accounts receivable protection lending
- Specialty financing for healthcare entities such as outpatient ambulatory surgical centers
There are a wide range of loans and lines of credit available to physicians. Typical loan features should include the following:
- Fixed or variable-rate pricing
- Generous repayment terms
- Interest-only payment options
- No application or origination fees, no prepayment penalties, no credit life insurance requirements and no hidden charges
- Unsecured physician loans designed to meet the special credit needs of doctors still in training (in residency or a fellowship program) and those just starting to practice
My financing services to physicians and their medical practices include the following:
- Recommend a healthcare lender who understands physician practice and the healthcare industry
- Preparation of forecasts and projections
- Review of loan proposals
- Negotiation with the lender
- Loan restructuring
- Review additional services provided by lender, including cash management, credit card account management, account management, and mobile services
- Interface with lender during loan service period