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  1. #1

    Diagnostic Center funding request

    I have a client that owns and operates 4 diagnostic imaging centers in New York.

    Client is seeking a business loan for growth and expansion.

    The Total funding request is 4 million usd. ( 2.5 million refi and another 1.5 million for expansion and growth)

    Company been in business since 2004

    The company services include:
     Open High Filed MRI
     Breast MRI
     CT Scan
     Bone Densitometry
    Digital Mammography
     Ultrasound
     Digital X-Ray
    Here is what the client has:

    A/R totaled about 3 million
    50yr ground lease on an 8000 square ft building (which client can take up to 2.5 million against)
    Equipment valued maybe 1-2 million.

    PLEASE NOTE: CLIENT IS LOOKING FOR SOMETHING CONVENTIONAL, HE IS NOT LOOKING FOR ANY ACCOUNT RECEIVABLE FUNDING or Any SBA Loan

    PM me please!

  2. #2
    Senior Member Reputation points: 216519
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    PM sent. The difficulty is convincing the borrower that their dreams can be accomplished without forcing the box around "something conventional" considering that the SBA is often cheaper. You didn't describe the senior debt 100%, what it is or what the terms are, so that there's a possibility of either coming in with an intercreditor agreement to top it off, or if refi'ing makes sense.

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    I had the same question....why not A/R or SBA 7A? Can collateralize all business assets and even primary residence. I'm not sure what conventional financing you are seeking.
    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
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    @ SBA loans - 7A and 504.
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