Selecting the Right Lender for Your Occupational & Hand Therapy Practice Transaction
Securing optimal financing for your occupational and hand therapy practice acquisition requires a lender who understands the unique cash flow patterns, reimbursement structures, and operational nuances of therapy practices. The right lending partner can mean the difference between a 10-year term at prime plus 2% versus costly short-term financing that constrains your practice’s growth potential.
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Top Lender Firms Specializing in Occupational & Hand Therapy
1. Live Oak Bank
Headquarters: 1741 Tiburon Drive, Wilmington, NC 28403
Service Area: Nationwide
Website: www.liveoakbank.com
Live Oak Bank stands out as a healthcare lending specialist with over $1.5 billion in practice loans specifically for medical professionals. Their dedicated healthcare lending team works exclusively with therapy practices, bringing deep understanding of occupational and hand therapy economics. They offer SBA-backed acquisition loans with rates typically at prime plus 2-3%, amortized over 10 years, and routinely help buyers avoid industry-specific pitfalls based on experience from hundreds of therapy practice transactions. Live Oak’s expertise extends to multilocation practices, making them particularly valuable for larger OT acquisitions.
2. FNB Small Business Finance
Headquarters: 2150 Goodlette-Frank Road, Naples, FL 34102
Service Area: Nationwide (SBA lending)
Website: www.fnbsmallbusinessfinance.com
FNB Small Business Finance offers specialized SBA lending tailored to therapy practices, including occupational and hand therapy clinics. Their practice acquisition loans provide up to 95% financing with 10-year terms, making them accessible for buyers with limited capital. What sets FNB apart is their therapy-specific expertise—their Business Development Officers understand the unique aspects of OT practices, from equipment financing needs to working capital requirements during transitions. Their high-touch support through the acquisition process helps therapy practice owners navigate complex multilocation deals.
3. Wells Fargo
Headquarters: 420 Montgomery Street, San Francisco, CA 94104
Service Area: Nationwide
Website: www.wellsfargo.com
Wells Fargo brings national scale and a dedicated medical practice finance team to occupational therapy acquisitions. They offer practice acquisition loans up to $1 million with terms extending up to 10 years. Beyond traditional lending, Wells Fargo maintains a marketplace connecting buyers with medical practices for sale, providing additional value for those seeking acquisition opportunities. Their extensive underwriting experience with multilocation healthcare businesses positions them well for complex OT practice deals requiring sophisticated financial structures.
4. Crestmont Capital
Headquarters: 125 S Wacker Drive, Suite 3010, Chicago, IL 60606
Service Area: Nationwide
Website: www.crestmontcapital.com
Crestmont Capital serves as an alternative lending option for occupational therapy practice acquisitions that don’t fit traditional bank criteria. They offer custom financing solutions with fast approvals and flexible collateral requirements, though rates typically range from 8-15% APR on non-SBA deals. Crestmont evaluates each OT business individually, accommodating complex multilocation acquisitions or practices with unique financial situations. Their willingness to consider unconventional deal structures makes them valuable when timing is critical or traditional lenders aren’t feasible.
How to Select the Right Lender for Your Occupational & Hand Therapy Practice Transaction
Choosing your practice acquisition lender requires evaluating their healthcare lending experience, understanding of therapy practice economics, and ability to structure deals that align with your cash flow projections. Start by comparing their track records with similar-sized OT practices, then assess their flexibility on terms, down payment requirements, and whether they offer SBA lending options for optimal rates and leverage.
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Frequently Asked Questions
Which lender specializes in SBA-backed acquisition loans for occupational and hand therapy practices?
Live Oak Bank specializes in SBA-backed acquisition loans for occupational and hand therapy practices, offering rates typically at prime plus 2-3% amortized over 10 years.
What financing options does FNB Small Business Finance offer for therapy practice acquisitions?
FNB Small Business Finance offers SBA lending with up to 95% financing and 10-year terms, tailored specifically to therapy practices including occupational and hand therapy clinics.
How does Wells Fargo support occupational therapy practice acquisitions beyond lending?
Wells Fargo not only provides acquisition loans up to $1 million but also maintains a marketplace connecting buyers with medical practices for sale, facilitating acquisition opportunities.
What makes Crestmont Capital a valuable lender for certain occupational therapy practice acquisitions?
Crestmont Capital offers alternative financing solutions with fast approvals and flexible collateral requirements, accommodating complex or unconventional deal structures with rates typically from 8-15% APR.
What factors should be considered when selecting a lender for an occupational and hand therapy practice acquisition?
Selecting the right lender requires evaluating their healthcare lending experience, understanding of therapy practice economics, flexibility on terms, down payment requirements, and availability of SBA lending options for optimal rates and leverage.
