This Tealford Business Capital article answers how to get a business loan for a medical practice in Terrebonne Parish, Louisiana: financing medical equipment, buying a practice, buying into one, evaluating a practice, and the records partners read. The parish counted 67 offices of physicians in 2023, and health care carried the largest payroll of any sector.
How to Get a Business Loan for a Medical Practice: The Direct Answer
Start from the purpose. Equipment can secure its own loan; a practice purchase or buy-in is a term loan read on the practice's returns and the physician's income; a gap while insurers pay suits a line of credit. Then gather the records a partner reads and send the request. Terrebonne Parish, LA counted 67 offices of physicians in 2023, with 1,084 employees, and health care and social assistance carried $362.2 million in payroll, the largest of any parish sector (County Business Patterns 2023).
The medical practice page covers the funding types in more detail.
How to Finance Medical Equipment in Houma, LA
Illustration only, invented figures: a practice buys a $46,000 ultrasound unit and finances it over 60 months at an invented 9.0% annual rate, about $955 a month (our arithmetic). The unit secures the loan. A lease can suit devices the practice expects to replace as technology changes. Equipment financing explains loans and leases.
Ask the vendor to list installation, training and software separately; some funders include them and others do not.
Can You Buy a Medical Practice With a Loan?
Yes. A term loan can fund a practice purchase, read on the selling practice's returns and collections, its payer mix, the equipment and lease, and the buyer's credit and clinical background. Many purchases include a transition period with the selling physician, which partners read as part of the plan.
Term loans explain schedules and amortization.
How to Buy a Medical Practice, Step by Step
- Settle price and terms with the seller in a signed letter of intent.
- Get the practice's returns, collections reports and payer mix.
- Have the practice valued and the equipment listed.
- Review the lease and any transfer requirements.
- Send the request with the purchase price as the amount.
- Compare offers and set a closing date.
How to Buy Into a Medical Practice: Paying the Share Over Time
Illustration only, invented figures: a physician buys a $195,000 share of a group practice, brings $29,250 and finances the rest over 96 months at an invented 10.1% annual rate, about $2,524 a month (our arithmetic), paid from the physician's share of practice income.
The partnership agreement sets how the share is valued and what happens on departure; partners can ask to see it.
How to Evaluate a Medical Practice Before Borrowing for It
- Collections over several years, not just billings.
- Payer mix and any concentration in one payer.
- Patient volume and the selling physician's share of it.
- Equipment age and service contracts.
- Lease term and rent.
- Staff and their contracts.
Illustration only, invented figures: a practice with $1,450,000 in annual collections offered at $380,000 is priced at about 0.26 times collections (our arithmetic); the price ratio is one input, and the cash left after costs and the loan payment is the one that matters.
A Practice Purchase Worked Through
Illustration only, invented figures: a buyer pays $380,000 for a Houma, LA family practice, brings $57,000 and finances the rest over 120 months at an invented 10.4% annual rate. Our arithmetic gives a payment of about $4,340 a month, or about $52,084 a year, to set against the practice's cash flow after the buyer's own pay.
Claims Gaps and Working Capital for a Practice
Insurers pay after claims are processed, while staff and supplies are paid now. A line of credit sized from receivables covers that timing; a one-time gap, such as payroll for a new provider, fits working capital.
Opening a Second Clinic Location: What Changes in the Request
A second location adds a lease, a build-out, exam-room equipment and staff before its schedule fills. Partners read whether the first location's collections can carry the added payments in the months the new one is building patients. Splitting the request helps: exam tables, imaging and lab equipment can carry equipment financing; the build-out and opening payroll lean on a term loan or working capital read on the practice's records.
A plan that names the start date, the providers who will staff the new site and the expected visit volume gives a partner something concrete to weigh.
Collections Reports, Returns and Leases a Partner Reads for a Clinic Purchase
- Practice and personal tax returns.
- Collections, receivables aging and payer-mix reports.
- Business bank statements.
- Equipment quotes, purchase or buy-in agreements.
- The lease.
The Houma, LA page has the parish counts.
By Tealford Business Capital · Updated
