PROFESSIONAL LENDING
SOLUTIONS FOR YOUR PROFESSIONAL PRACTICE
The numbers tell the story.
Dollars is the average relationship loan amount granted by First Command.
Of professionals who acquired their practice with a First Command loan have been successful.
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.
Are you interested in:
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
Common Professional Lending Questions
Will I have to move my entire banking relationship?
No. Our loans are not contingent on you uprooting your current banking or credit card accounts.
What other kinds of professional loans does First Command provide?
None. We’re squarely focused on professional practice loans—It’s what we do best.
In what parts of the country does First Command offer loan services?
Anywhere in the United States. We’ve even made loans in Alaska and Hawaii.
How much can I borrow for a practice acquisition or buy-in loan?
The vast majority of our loans cover 100% of the purchase price.
Can you tell me about your rates?
Unlike most SBA loans our rates are fixed and, in most cases, are based on the 5-year and 10-year treasury rate.
How do I know if I’m getting the best possible deal?
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.
What does your proprietary information consist of?
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.