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Medical, Dental & Veterinary SBA Loans

Healthcare practices are one of the SBA's strongest performing categories. Lower default rates than average translate into competitive rates, lower equity injection requirements, and broader lender appetite.

Why Healthcare is a Favored SBA Category

Medical and dental practices have historically posted some of the lowest default rates in the SBA portfolio. The combination of recession-resistant demand, recurring patient revenue, and licensed-professional barriers to entry makes healthcare a strong underwriting category. Many SBA Preferred Lenders run dedicated healthcare desks with delegated authority and accelerated turn times.

Use cases: practice acquisition (existing practice including patient charts and goodwill), medical office building purchase (504), equipment (imaging, dental chairs, lab), practice startup or relocation, and partner buyouts.

Down Payment
10%
Practice acquisition
Real Estate Down
10–15%
Medical office (504)
DSCR Target
1.20x
Lender minimum
Max 7(a)
$5M
Per practice/borrower

Medical & Healthcare Guides

Sector-specific underwriting, key metrics, and lender appetite.

How SBA Loans Work for Medical Practices

The most common deal: a licensed physician, dentist, or veterinarian buys an existing practice from a retiring owner using an SBA 7(a) loan. The structure typically finances 90% of the purchase price (10% buyer injection) including all goodwill, patient list value, equipment, and working capital. The SBA permits 100% financing of business goodwill through 7(a), which no conventional commercial loan will do.

If the deal includes the underlying real estate (a free-standing medical or dental building), the structure shifts to a 504+7(a) stack: 504 for the building, 7(a) for the practice goodwill and equipment. This combination can finance a $3M practice + $2M building deal with as little as $500K equity.

Equipment Financing

Medical and dental equipment — imaging suites, CBCT scanners, intraoral systems, chairs, autoclaves — can be financed under either 7(a) (as part of practice acquisition) or as standalone equipment loans. For high-value imaging equipment ($300K+), the SBA's 10-year amortization on equipment-only 7(a) loans is often more attractive than vendor financing.

Practice Startup vs Acquisition

SBA lenders strongly prefer practice acquisitions over de novo startups. An acquired practice comes with proven patient flow, predictable revenue, and a transferable referral base. Startups require deeper pro forma analysis, larger borrower injection (often 20-25%), and personal financial strength to bridge the ramp-up period.

Lender tip: Healthcare specialty lenders (Provide, Live Oak, Bank of America Practice Solutions, Wells Fargo Practice Finance) often beat generalist SBA banks on rate and structure. If your loan is healthcare-specific, route to one of these lenders first.

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