Doctors starting an independent clinic can consider several financing options, including healthcare practice loans, SBA-backed loans, traditional business loans, equipment financing, and business lines of credit. The appropriate option depends on the clinic’s startup...
Public Service Loan Forgiveness (PSLF) does not automatically prevent a physician from qualifying for a commercial or practice loan. However, the physician’s outstanding student loan balance and required monthly payment may be considered when a lender evaluates cash...
Physicians may need anywhere from 0% to 20% or more for a home down payment, depending on the mortgage program, lender, loan amount, credit profile, and property. Some physician mortgage programs allow qualified doctors to purchase a primary residence with little or...
Physicians can either finance equipment separately or include eligible equipment costs in a practice acquisition loan, depending on the transaction, lender, equipment type, and repayment terms. Bundling may simplify financing and payments, while separate equipment...
Before signing a physician loan agreement, doctors should ask the lender about the interest rate, APR, down payment, PMI, closing costs, loan limits, student-loan treatment, rate adjustments, prepayment terms, cash-reserve requirements, and all conditions that could...
