First Command Professional Loans

PROFESSIONAL LOANS

We’re here to help you succeed.

Every day, professional practitioners like you strive to provide excellent service to their clients while also profitably managing their business. First Command Bank understands the challenges you face and, by designing commercial loan solutions to meet your unique needs, we’re committed to your success.

WHO IS ELIGIBLE?

Businesses we serve.

First Command is focused on serving veterinarians, dentists, physicians and optometrists —professionals whose business needs we best understand. And because we have an in-depth understanding of those needs, we offer loans for a wide variety of practice acquisition and business-building objectives.

OUR LOANS

Helping you pursue projects vital to your business’s growth.

First Command loans can help you finance many types of purchases and projects, like expanding, buying into, or acquiring a practice. We also offer commercial real-estate loans if you’re looking to purchase or refinance your office. And if you need new equipment for your practice or cash for remodeling your current office, we can help with that too!

Loans up to 100% of the purchase price available.
Fixed rates based on the corresponding Treasury.
No origination fees.

WHY CHOOSE FIRST COMMAND?

We’re not just loan providers.

We pride ourselves on providing personal, consultative services. We can tell you about certain traps to avoid when buying a practice, help you determine what’s critical when it comes to negotiating a purchase agreement, help you understand the cost of associates, and much more. There’s a lot to consider, but your First Command Advisor can help you prepare for the next exciting stage of your life. Don’t have a current Advisor? You can get in touch by sending an email to professionallending@firstcommand.com or by calling 817-569-3187.

Common Professional Lending Questions

Do I have to switch from my current bank if I want to get a loan from First Command?

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.