Working Capital Loans

Working Capital Loan provides your practice the cash it needs to keep growing until you can cover all operating expenses out of revenue. Even in this tough credit environment, 1st Med Financial is the premier source of working capital for professional practitioners. A Working Capital Loan is the perfect program for the practitioner that needs cash quick. A very popular option, the Working Capital Program gives you the flexibility to use the funds when and where you need them most.

A Working Capital Loan can be used for the following:

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  • Remodel or Expand your practice
  • Hire Employees For Growth
  • Bridge The Gap Between Receivables
  • Purchase Equipment
  • Unexpected Cash Flow Needs

In order for your practice to meet the eligibility requirements for a Working Captial Loan, the Loan-To-Value ratio must be below 85% with sufficient debt service coverate ratio. This means that the cash flow from the practice should be able to cover the practice debt needs as well as the doctors personal debt needs.

Program Highlights

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  •  640 minimum credit score
  •  Loan amounts from $50k to $500K
  •  Adjustable & Fixed Interest Rate Options
  •  Interest rates start at prime + 2.75 (Currently 8.25%)
  •  Low down payment - Up to 100% financing available
  •  Up To 10 year terms

Conventional Practice Loan Guidelines:

Allowed Use Of Proceeds

  • Working Capital Needs - Up to $500k

Terms

  • SBA Express Loan Up To $350K | 5, 7, & 10 Year Terms | Interest Rates from Prime + 2.75%
  • Cash Advance -

Our Customers Love Us

“When I found Baceline Capital their services introduced me to the world of Equipment Financing while taking a national and even global approach to the industry. Thank you.”

Gena Scott

“You know exactly the level of attention you’ll get when you work with Baceline Capital. They’ve made me a loyal customer thanks to their commitment to these values.”

Mike Dawson

Apply For Small Business Funding

After you fill out our quick online application, you’ll speak to a real person who will take the time to get to know your business and help you understand your small business funding and repayment options.

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