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Medical practice financing designed to help you succeed

In addition to a full range of medical practice financing options, for a wide variety of medical specialties, Bank of America offers the critical knowledge you need to establish and develop your practice, from demographic site analysis of your practice location to the Practice Heartbeat® program, which helps you develop vital practice management skills.

Bank of America has earned more endorsements from national and state medical and dental associations than any other financial institution.

If you're unsure whether your specific practice qualifies you for financing, view our list of qualified medical specialties.

  • Show New practice start-up

    Get your new practice started off right

    When you're starting out, you may need more than just financing—you might also appreciate guidance on how to build a successful practice. We can help you locate reliable, reasonably priced sources for everything from equipment to cabinetry to software.

    We'll help you with our unique—and complimentary—Practice Heartbeat® program,Footnote 1 a customized plan that can help you develop the management skills so crucial to the growth of your business. You'll work with one of our personal Practice Specialists who will prepare you for the ups and downs that lie ahead—and when it comes to financing, we'll work with you to make it as easy as possible.Footnote 2

    • 100% financing for everything from architectural and design fees to renovations and construction, equipment, cabinetry and other project expenses—including tenant improvements
    • Working capital to help you get started
    • Longer terms than anyone else in the industry—up to 15 years—to keep payments low and affordable
    • No down payment on combined practice and real estate loans
    • Up to 36 months of graduated payments to keep expenses low while you build your business
    • Up to 12-month rate lock through project build-out phase to protect against potential rate changes
    • A dedicated project manager resource to help get things done on time and within budget
    • Low administration fees starting at $100—which saves hundreds of dollars over more time-consuming loans through the Small Business Administration
    • Demographic Site Analysis to help you select the ideal location and attract the patient base you wantFootnote 3
  • Show Practice sales and purchases

    Purchase your own practice—with financing up to $5 million

    Purchasing your own practice is something you may do just once in your lifetime. That's why you need to work with someone who can make it as easy as possible from start to finish.

    We offer resources you can use to analyze your planned purchase—including location, patient base, fee structure and more. You can also take advantage of our complimentary Practice Heartbeat® programFootnote 1—a customized plan designed to help you develop the management skills so crucial to the growth of your business. Together we'll review a variety of financial options for helping you meet your goals.Footnote 2 Our resources include:

    • Customized loan amounts that provide up to 100% financing plus additional working capital
    • Interest-only payments for 12 months or deferred payments for 6 months that let you make lower payments while you adjust to ownership
    • Longer repayment terms than anyone else in the industry—up to 20 years—to keep payments low and affordable
    • Fixed-rate terms to meet your specific needs
    • The ultimate in flexibility and control with principal reduction and early payoff options
    • The funds you need up to $5 million
    • Demographic Site Analysis to help you select the ideal location and attract the patient base you wantFootnote 3
    • Purchase and real estate combination loans that simplify your financial life
    • Up to 12-month rate lock available
  • Show Commercial real estate

    Purchase or refinance the building that's right for you

    When leasing space isn't the best option, it may be time to consider buying or relocating to your own building.

    We offer a complete suite of real estate loan products including first mortgages, down payment loans, refinancing and more—including practice purchase and commercial real estate combinations. We'll customize a financing solution that meets the specific needs of your practice. Our financing programsFootnote 2 include:

    • Conventional loans with simple applications and short approval times
    • Low or $0 down payments to help you realize your dream with minimal cash outlays
    • 12-month interest-only options that let you make lower payments while you adjust to ownership
    • Payment schedules up to 25 years to keep payments affordable
    • Demographic Site Analysis to help you select the ideal location and attract the patient base you wantFootnote 3
    • The ultimate in flexibility and control with principal reduction and early payoff options
  • Show Improvement, expansion and relocation

    It's a big decision—relax, we're here to help you every step of the way

    The professional and financial rewards of expanding or remodeling your practice can be well worth the effort—especially when you have our health care financing experts on your team.

    We can help you locate reliable, reasonably priced sources for everything from equipment to cabinetry to software. We offer resources that may enable you to determine cost-effective methods for remodeling and expanding, and can discuss financing alternatives to help you achieve your dream of a more profitable practice—now and in the future.Footnote 2

    • 100% financing for everything from architectural and design fees to renovations and construction to equipment and cabinetry and other project expenses—including tenant improvements
    • Interest-only payments for 12 months or deferred payments for 6 months to lower payments after remodeling or expanding
    • No payments during the draw period
    • Longer repayment terms than anyone else in the industry—up to 20 years—to keep payments low and affordable
    • Fixed rates to suit your practice needs
    • Up to 12-month rate lock, through project build-out phase, to protect against potential rate changes
    • Demographic Site Analysis to help you select the ideal location and attract the patient base you wantFootnote 3
    • The ultimate in flexibility and control with principal reduction and early payoff options
    • A dedicated project manager resource to help get things done on time and within budget
  • Show Equipment purchases

    We make the process quick and easy

    When your equipment breaks down or becomes obsolete, you may need to replace it quickly. We understand. That's why in most equipment purchase situations no tax returns or financial statements are required. Even if you're not in a hurry, you'll appreciate the financial advice and assistance we can offer.

    We'll explain the tax benefits you can receive from depreciation and first-year write-offs—as well as the Section 179 tax implicationsFootnote 4—of qualifying equipment and software purchases. We'll even help you decide between leasing and buying. We offer a wide variety of financial options and flexible terms that will make upgrading your equipment easier than you ever imagined.

    • Quick credit decisions on loans up to $300,000
    • Preserve working capital with 3- or 6-month deferred payment options
    • Quick and easy phone application process
    • Comprehensive financing for everything from installation to training and equipment costs
    • No application or closing costs—to save you money right from the start
    • Simple interest payoffs and principal reductions that put you back in control
    • Flexible payment structures with terms up to 10 years to meet your needs
    • Up to $10,000 travel reimbursement for consulting

    Use our Equipment Loan Calculator to estimate monthly payments, return on investment and Section 179 tax benefits.

  • Show Practice debt consolidation

    Simplify your financial life

    Now you can leverage your professional equity to upgrade or expand, fund future growth, consolidate bills into one low monthly payment or improve your cash flow by lowering your overhead. We'll work with you to customize a plan that suits your income, debt level and plans for the future.Footnote 2

    • Sensible solutions at competitive fixed rates
    • Financing up to 70% of your practice’s equity—depending on your specialty—to keep payments low and affordable
    • Longer terms than anyone else in the industry—up to 15 years—to keep payments low and affordable
    • The ultimate in flexibility and control with principal reduction and early payoff options

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