Getting Up to Speed on the Ins and Outs of Physician Practice Loans
Starting or expanding a medical practice requires significant financial investment, and physician practice loans are a crucial tool for healthcare professionals looking to secure funding. Whether you are starting off purchasing an existing practice, establishing a new one, or investing in equipment and real estate, understanding how these loans work can help you make informed […]
Managing Debt to Ensure the Success of Your Medical Practice
Managing a successful medical practice often involves taking on debt, whether to finance the purchase of the practice, upgrade equipment, or expand services. While debt is a common tool for growth, managing it effectively is important for maintaining financial health and ensuring long-term success. Here are key strategies to manage debt and keep your practice […]
Happy New Year 2025 from ProMed!
Cheers to new beginnings and endless possibilities! May this New Year bring joy, health, and prosperity to you and your loved ones. Here’s to making 2024 the best year yet! 🥂✨ – With warm wishes, ProMed Financial Inc.
Optometry Practice Available in Orange County!
View this post on Instagram A post shared by Financing & Practice Sales (@promedfinancial) Looking to invest in a thriving optometry practice? This Orange County opportunity offers a solid foundation with an asking price of $275,000 and gross revenue of $361,195. Whether you’re an experienced optometrist ready to expand or an entrepreneur seeking a rewarding […]
Financial Planning and Budgeting When Buying a Medical Practice
Purchasing a medical practice is a significant investment that benefits from meticulous financial planning and budgeting. From securing financing to estimating operational costs, having a clear plan ensures your purchase is a smart, sustainable business decision. Assess the Purchase Price and Related Costs The first step in financial planning is understanding the total cost of […]
Your Med Spa Financing Checklist
Opening a med spa is an exciting opportunity, but securing the right financing is important in order to help ensure your success. Whether you’re starting from scratch or buying an existing med spa, having a clear financing plan is essential. Use this comprehensive checklist to guide you through the process, including how SBA loans can […]
Can You Get an SBA Loan for a Dental Practice?
An SBA loan is attainable for a dental practice. In addition, many dentists use SBA loans to start, buy, or expand their practices. The U.S. Small Business Administration (SBA) provides various loan programs designed to help small businesses, including healthcare practices, gain access to the funding they need. Dental practices can benefit from SBA loans […]
Three Advantages of an SBA Loan
For a number of small business owners, including those in healthcare sectors such as dentists, med spas, and urgent care centers, obtaining financing is one of the biggest challenges when starting or expanding a practice. The U.S. Small Business Administration (SBA) offers a variety of loan programs specifically designed to make financing more accessible to […]
Advantages of Buying an Existing Practice Over Starting a New One
When entering the healthcare industry as a dentist, med spa owner, cardiologist, gastroenterologist, or another medical professional, you’re faced with a major decision: is it better to start a new practice from scratch or purchase an existing one? While starting fresh can seem appealing, buying an existing practice often provides a range of benefits that […]
The Key to Unlocking Your Practice Potential
Unlock your practice’s potential with a partner you can trust. At ProMed Financial, we offer more than just financing—we provide the keys to your success. With tailored solutions, expert guidance, and a commitment to your growth, we’re here to help you thrive. Ready to take the next step? Let’s grow together! View this post on […]