Loans for a Medical Practice

When applying for a medical practice acquisition or startup loan, licensed medical doctors and healthcare specialists should be prepared to provide certain information. The lenders we spoke with will request some or all of the following:

  • copy of tax returns for last 2-3 years
  • copy of the dental license to practice
  • resume or curriculum vitae
  • production reports
  • personal financial statement
  • business plan
  • practice location's demographics
  • financial history of the practice to be purchased
  • Pro formas

Moreover, the borrower's credit score should be at least over 600 or other less attractive financial solutions will be the only options.