How Do You Get a Loan to Buy a Medical Practice?

You've worked in the practice for years, and now the owner wants to retire and sell it to you. A lot of what you're paying for is the patients and the name, not the equipment. That worries plenty of buyers.

It doesn't rule you out. The lender's mostly going to look at the practice's cash flow, which is the money left each year after expenses, and whether it covers the new loan payment. Some lenders work with practice sales all the time and know how they change hands.

They'll want the practice's tax returns and financials for the last few years, plus the purchase agreement. They'll also ask how the handoff works. If the seller's staying on for a while to introduce you to patients, get that in writing.

So ask the seller for those numbers early. The whole loan rests on them.

SixtyFour West places your deal with lenders whose rules it fits.

Apply with SixtyFour West