The most important principal of a practice investment is to understand that a dollar today is worth more than a dollar tomorrow. ProMed Financial has helped thousands of doctors consolidate their debt and increase cash flow, enabling doctors to collect more from their investments today – not tomorrow.
Our practice debt consolidation loan is also a great way to get ahead in your finances while reducing your monthly obligations.
Loans up to $10 million
Consolidate Credit Cards, Lines of Credit, Startups, Practice Acquisitions, Equipment
- Low fixed rates
- Terms 7- 15 years
- Principal Reduction Payments
- Additional working capital – up to $75K
- Add additional equipment
- Add Real Estate
- Add funds to remodel office
- Quick approval process
- No cosigners required
HOW WILL I SAVE?
Take the example below of a typical practice debt schedule
|Practice Debt Schedule||Monthly Payment||Original Amount||Balance Today|
|Practice Acquisitions or Startup||$5,675||$350,000||$282,000|
|Line of Credit||$650||$50,000||$30,000|
|Old Monthly Payment||$7,638|
|New Monthly Payment||$3,664|
|Added Cash flow is $3,974 a month or $47,688 a year|
WHY CONSOLIDATE YOUR PRACTICE DEBT?
- Pay out credit cards with high percentage rates
- Increase cashflow put more money for retirement or practice expansion
- Pay less interest
- Simplify monthly payments
- Have more liquidity
- Peace of mind
Call our Practice Debt Consolidation Division and find out how much you can save.