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  1. #1

    Doctor Seeking Loan

    We have a doctor located in California that is seeking a Term Loan of $1.7M with a (5) year term. The yearly revenue of the doctor is $5M with a high credit score. This would not be a traditional MCA type deal, but rather a structured Term Loan. Factoring would not be an option, and would prefer an unsecured product. The money would be used for real estate an well as other investments.

    Howie Dane
    President

    Funding Sources for Business
    president@fundingsourcesforbusiness.com

    (847) 831-4118

  2. #2
    Senior Member Reputation points: 9237
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    Quote Originally Posted by FSB View Post
    We have a doctor located in California that is seeking a Term Loan of $1.7M with a (5) year term. The yearly revenue of the doctor is $5M with a high credit score. This would not be a traditional MCA type deal, but rather a structured Term Loan. Factoring would not be an option, and would prefer an unsecured product. The money would be used for real estate an well as other investments.

    Howie Dane
    President

    Funding Sources for Business
    president@fundingsourcesforbusiness.com

    (847) 831-4118
    Easy SBA if they have the scores.

  3. #3
    Thanks, but the SBA is balking at the use of funds.

  4. #4
    Quote Originally Posted by FSB View Post
    Thanks, but the SBA is balking at the use of funds.
    Well that's the broker's job to educate the client on how to structure the proceeds to the bank and manage expectations to the client. Unsecured real estate loan does not exist.
    If they are looking for some of the proceeds to be used for RE, then I would assume that it would be for a medical office.

    You can easily wrap that request under a 7(a) and they would be able to acquire the RE with no money down.

    If you bank does not like working capital loans ( most don't ) then a vague proceeds of capital is always going to get turned down.

  5. #5
    Senior Member Reputation points: 4075 NickHubbard's Avatar
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    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  6. #6
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    Id say funding circle if the financials look good

  7. #7
    Quote Originally Posted by NickHubbard View Post
    Gemino has $1MM monthly revenue requirement. Alleon Capital would be able to work with <$1MM/month for heathcare factoring.

    Aquina Health can go out 24 months on healthcare businesses.

    BHG would be a good option for a true term loan.

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