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  1. #1

    Equipment Financing for a startup Chiropractor

    Looking for some suggestions on Lenders ( no brokers please) that will do some equipment financing on a new Chiropractor

    Personal Guarantee ok
    Approximate Loan size for all equipment needed is 100K
    Personal Fico 700+

    For example, I have a client that is opening up a chiropractic office ( he has secured the commercial space, and almost done with the buildout, and he is now looking to purchase chiropractic equipment (x ray machine, adjustment tables, computers, etc)



    Do you guys lend to new companies? If so what are your guidelines / requirements ?



    Thank you,

    Jeff

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    If no one responds specifically, some of the medical equipment manufacturers can finance or set up providers with lenders they work through. The other option is a personal loan. Lendspark said they can do it ... call them at 760.671.3391 if you talk to Steve or Aelita or any other guys over there, mention my name...
    Last edited by Olderguy; 11-08-2021 at 06:32 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Senior Member Reputation points: 81655
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    Quote Originally Posted by JVD6905 View Post
    Looking for some suggestions on Lenders ( no brokers please) that will do some equipment financing on a new Chiropractor

    Personal Guarantee ok
    Approximate Loan size for all equipment needed is 100K
    Personal Fico 700+

    For example, I have a client that is opening up a chiropractic office ( he has secured the commercial space, and almost done with the buildout, and he is now looking to purchase chiropractic equipment (x ray machine, adjustment tables, computers, etc)



    Do you guys lend to new companies? If so what are your guidelines / requirements ?



    Thank you,

    Jeff

    Check with https://www.cit.com/business/partner

    Jason Alder is a contact -
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    Senior Member Reputation points: 2902 JParr's Avatar
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    Feb 2020
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    Washington DC Area
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    113

    We will consider this if the applicant is a homeowner. Max funding amount is $60,000 - 20% down required. I.e. $75,000 purchase price - 20% down = $60,000.

    We may consider larger startup deals on a case by case basis, especially if they are located in CA and/or there is additional collateral available to pledge.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

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