Military Life
Are You Ready for Your Next PCS?
Frequent moves are part of military life. But before you get your next PCS orders, make sure your finances can handle it.
July 09, 2021 | 3 min. read
SOLUTIONS FOR YOUR PROFESSIONAL PRACTICE
The numbers tell the story.
1.5mil
Dollars is the average relationship loan amount granted by First Command.
99%
Of professionals who acquired their practice with a First Command loan have been successful.
43
Out of 50 states have clients that First Command has helped finance.
OUR LOANS
Helping you pursue projects vital to the growth of your business.
First Command loans can help you finance many types of purchases and projects, including expanding or buying a practice, purchasing or remodeling an office, or refinancing debt.
Are you interested in:
0
Features of our full or partial ownership practice loans
- Loans up to 100 percent of the purchase price available
- Amortizations of up to 10 years
- Fixed rates based on the corresponding Treasury rate
- No origination fees
- One knowledgeable point of contact from start to finish
We’ll help you answer questions like:
- Are you paying a fair price?
- What traps can you avoid when buying a practice?
- What ’s critical and what ’s not when it comes to negotiating the purchase agreement?
- When should I talk terms with the seller?
- How much revenue should each full time professional be able to generate?
CONTACT US
Let us know how we can help you
Does it sound like First Command’s personal approach might be the right fit for you? If so, take the next step by letting us know how we can help you. If you have a relationship with a First Command Financial Advisor, you can reach out to them.
The information you provide is subject to the First Command Privacy Notice.
Common Professional Lending Questions
No. Our loans are not contingent on you uprooting your current banking or credit card accounts.
None. We’re squarely focused on professional practice loans—It’s what we do best.
Anywhere in the United States. We’ve even made loans in Alaska and Hawaii.
The vast majority of our loans cover 100% of the purchase price.
Unlike most SBA loans our rates are fixed and, in most cases, are based on the 5-year and 10-year treasury rate.
Since professional practice lending is all we do, we have the information, knowledge and time to educate you about what is likely to be the largest business transaction of your life. And if you’re a First Command client, you can access all of our proprietary information at any time.
It is the whole of our data, resources, knowledge, experience and understanding as it relates to professional practices. It includes things like:
- High, low and average owner compensation amounts, by location and type of practice.
- Purchase price as a percentage of revenue, EBITDA and owner’s compensation.
- Information on the most profitable types of practices.
- Details like line item operating expenses as a percentage of revenue.
- Resources for associates beginning their journey into finding a practice.
COACHING CENTER
Tools & Advice
Financial Resources
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Explore four tips for military Millennials that can help you make smart financial decisions with lasting results.
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Elder Care Costs Test Military Families
Learn about the costs incurred by military families who are caring for their elderly family members so you can be prepared.
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Planning a Staycation
Make the most of your time off. Use these tips to save money and plan a staycation for your spouse or family.
July 17, 2018 | 2 min. read