Medical News

Look For Financing? Find Your ‘niche.’

By |December 16th, 2014|

Do you hear opportunity knocking at your office door? If you are a healthcare professional in the market to purchase or build a practice, the loan application process should begin long before you fill out any paperwork. Number one on your to-do list—find a lender that understands your unique financing needs.

It’s time to consult a specialist.

Your loan approval process should begin with an interview—YOU interviewing lenders to find the right match for you. The best match could very well be one of the large conventional lenders. Or, it could be a “niche” lender that specializes in financing healthcare projects.

When you need surgery, you want the best surgeon available to you. While there may be plenty of qualified surgeons who can perform the necessary procedure, their experience and the skill born of that experience can vary widely. Before making your selection, you want to know how many times and how often they have performed this procedure. Likewise, there are plenty of […]

Cost Segregation—because time really IS money

By |December 2nd, 2014|

If you are searching for new strategies for increasing your facility’s cash flow (and who isn’t?), it may be time to look into cost segregation. While it is not a new idea, it may be new to you. If, however, you are constructing a new building for your practice, an ambulatory surgery center or other facility, or if you are purchasing an existing building, this tool may reduce current income tax liabilities and add cash to your bottom line.

 The time value of money

In healthcare, the expression “time is money” has never been more true than it is today. The evolution of how physicians are compensated for the care they provide has made medical professionals increasingly aware of the importance of the value of their time. Professionals who start or purchase a practice become business owners—particularly if they purchase or construct a building to house that practice—and are challenged to make more complex financial decisions that require a deeper understanding of […]

Physical Medicine Practice, Dr. Bill

By |February 3rd, 2014|

Medical Spotlight

Dr. Bill shares his experience about working with Live Oak Bank when starting his own physical medicine practice.

Vein and Endovascular Practice, Dr. Sean – Arizona

By |November 7th, 2013|

Medical Spotlight

Dr. Sean shares his experience about working with Live Oak Bank when starting his own vein and endovascular practice.

Medical Practice Construction Loan – Texas

By |September 9th, 2013|

Dr. Jane

Texas

We had a great experience with Live Oak Bank.  They are the ONLY bank that actually DID what they said they were going to do! Lots of banks made promises – none were delivered. Live Oak believed in our small business.

They always provided quick responses to all of our questions and guided us through the loan process. This was our first time building and we were actually encouraged to ask questions.

Medical Practice Financing – California

By |August 29th, 2013|

Dr. Bill
California

Financing my practice with Live Oak Bank was a positive experience. The entire lending team worked as a cohesive unit and streamlined the loan process, which was imperative given my schedule. I enjoyed developing a relationship with Mike, and it was good knowing that he trusted my ability to be successful in my new business endeavor. We are already working on my second loan.

Medical Practice – Arizona

By |August 16th, 2013|

Dr. Sean
Arizona

I have nothing but good things to say about the friendly staff at Live Oak Bank.  When I started my practice, I had enormous financial requirements, and they were able to help me accomplish those goals with absolute ease.

Live Oak Bank announces its expansion into the Medical Profession

By |February 4th, 2013|

Tuesday, February 5, 2013 – Wilmington, NC – Since 2007, Live Oak Bank has provided practice financing for dentists and veterinarians across the country. The bank is now extending its scope to include medical professionals. While this industry is highly competitive, Live Oak has found their niche.

Currently, medical professionals who need financing for ground-up construction projects, commercial real estate, major renovations or who want to leave their leasehold space to purchase a freestanding practice, will likely have a difficult time finding financing. Enter Live Oak Bank.

“In my years of lending to the healthcare industry, I have seen a void in financing for medical professionals, especially those who need funding for construction projects,” stated Keith Merklin, General Manager at Live Oak Bank. “Live Oak is here to fill that void. We recognized that this is an underserved group, and we want to help them achieve their career goals of practice ownership.”

“Since our inception, Live Oak Bank has strived to provide financing […]

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Disclaimer: This link will take you to a website outside of the Live Oak Bank site. The new site may offer a different privacy policy and level of security. Live Oak Bank is not responsible for the products or services that are offered or expressed on other websites.

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