Family Care Clinic

Business Stage
Start-Up
Industry
Professional
Time In Business
Start-up
Employees
5 Full Time
Equipment Type
Medical
Ticket Size
$10K - $30K
Equipment Purpose
New- taking over an existing clinic
Weaknesses (Cons)
  • Doctor just received his medical license and has been practicing for less than two years
  • Some of the equipment being leased is furniture- weak collateral
  • Personal credit is shot due to a divorce
Strengths (Pros)
  • Local clinic is being supported by a local hospital
  • Doctor has invested over $20,000 of his own cash into the business
  • Doctor has a salary guaranty of at least $72k for the first year from the hospital. Once the clinic is up and running his salary will increase to $160K
  • Spouse brings in additional consulting income which will help cover personal debt while the clinic gets started
Creative Solution
30 month term, offered a 25% refundable security deposit
Team Sales Rep
Lynn Smith