[Alh]

Dentist is looking to get 100% business financing. He is purchasing the office in Massachusetts For $1.4 mil and no real estate in this deal, just the business.

[abfunders]

This is what the SBA was designed for. I'm assuming it's a dentist who's purchasing another dentist office?

[Yankeeman07]

Dentist is looking to get 100% business financing. He is purchasing the office in Massachusetts For $1.4 mil and no real estate in this deal, just the business.

SBA may be a solution - can the business support the payment?

[Olderguy]

My understanding is 100% financing is if there is commercial real estate.

Otherwise business purchase financing is usually 10% down and 10% working capital.

[Alh]

Thank you for your replays. Dentist is looking for a lender that does 100% practice financing and not a 7A SBA loan.

[Yankeeman07]

Thank you for your replays. Dentist is looking for a lender that does 100% practice financing and not a 7A SBA loan.

That would suggest your client does not have the financial documents to support a $1.4M Loan

We will assume he has not or cannot go to his local banker.

Therefore, we are now into hard money lender options - your client has to be able to produce financials that
will support the payments on this note.

[Olderguy]

https://www.1stmedfinancial.com/dental-practice-loans

[Ehenek]

If they do not Have the financials I might have some ideas and products for you. Please send me a private message if you are interested.

[omegafund]

Thank you for your replays. Dentist is looking for a lender that does 100% practice financing and not a 7A SBA loan.

let him keep dreaming. or have him buy a private practice and the seller carry the note

[Alh]

I greatly appreciate it olderguy!