SBA Loans for Physicians & Medical Practices
25,641 SBA loans have funded physicians & medical practices nationwide, averaging $452K across 1,293 active SBA lenders, at an average note rate of 6.9%. SBA 7(a) loans up to $5M fund acquiring an established medical practice and owner occupied medical office real estate; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for a medical practice.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 621111), 2000 to present.
25,641
SBA Loans Funded
$452K
Average Loan
6.9%
Avg Note Rate
13 yrs
Avg Term
1,293
Active Lenders
7.1%
Charge Off Rate (resolved loan basis)
What physicians & medical practices use SBA loans for
Where physicians & medical practices get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 4,563 | $2.8B |
| Texas | 2,579 | $1.3B |
| Florida | 2,361 | $1.2B |
| New York | 1,958 | $707.6M |
| Arizona | 1,148 | $586.5M |
Talk to PeerSense about SBA capital for a medical practice.
Tell us your loan amount and use of funds. PeerSense sources capital for a medical practice, anywhere in the US.
SBA 7(a) / 504, Physicians & Medical Practices: The desk will reach out. No obligation.
How physicians & medical practices qualify for an SBA loan
SBA 7(a) loans are the most common path for physicians & medical practices financing acquiring an established medical practice. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 25,641 loans on record across 1,293 lenders and a 7.1% historical charge off rate, physicians & medical practices are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.