Healthcare Practice Financing
You need to Own Your Own Practice!
Coffman Capital has helped doctors acquire practices by helping them with financing since 1998. Among the types of professionals we’ve helped along the way, these include:
- Dentists, general and specialties
- MD’s of different specialties
- Multi-Disciplinary Clinics
- Oriental Medicine
- Orthopedic Surgeons
- Plastic Surgeons
- Physical Therapists
…and others. We’ve helped physicians open surgical centers and build new clinics as well. All of this involves the necessary knowledge to evaluate the need, analyze the financial performance of the business, and know who the right source is to finance your project with competitive terms.
How Much Cash Do I Need?
We know how to ascertain how much cash you will need to buy a practice, and how to minimize that amount. We may also help you figure out where that cash may be obtained if you don’t already have it.
We always include working capital and loan costs in the financing package so that you are fully equipped to succeed once you close on your transaction.
How Much Can You Lend?
Coffman Capital has helped doctors buy practices Large and Small. While most lenders can only seem to help if you’re trying to borrow $350,000 to $500,000 or more, we often make loans of as small as $150,000 and sometimes less.
Do You Need Collateral or Real Estate?
Our programs do not require either in order for you to buy your practice. Most of our loans are for practices located in rented spaces, and the collateral value of most practices is minimal even though it is invaluable to your practice. Many of our customers are not homeowners and have no tangible collateral – and that is not a problem. This sets us apart because we specialize in Under-Collateralized Loans. Many lenders want to help you until they find out there is no real estate as collateral.
What About Credit?
You need good credit, no question about it. But what is and isn’t acceptable for getting a loan can vary and we’re just the ones to help you find out what will and won’t work. And having sizable student loans isn’t usually a problem either.
What Does Coffman Capital Charge?
We charge a consulting fee payable only when the loan closes. This fee is discussed as soon as you like, normally when it sounds like a transaction that will work for both of us. A very basic fee agreement is given to you during the loan process prior to submitting to a lender and you receive an invoice after the loan is funded.
Where Do I Find A Practice To Buy?
Coffman Capital has been working with established Healthcare Practice Brokers for many years. You can visit the broker page here, identify your specialty and contact them to find the best practices available in the area where you want to own your own practice.
So Let’s Get Started! Give us a Call Today at 813-891-1811 and find out what we can do to help you succeed in Your New Practice!