Panacea Practice Solutions
Lending and banking services for your practice needs — designed by doctors, for doctors.
Panacea Practice Solutions
Lending and banking services for your practice needs — designed by doctors, for doctors.
Start, Build & Grow Your Practice
The Panacea Practice Solutions team is here to help you accelerate your practice through specialized credit structures, competitive pricing, and experienced advice as you start, build, and grow your practice.
We understand the busy schedule of a doctor, because we are doctors. That is why we have developed a fully digital application designed to streamline the application process and are committed to providing expedited credit decisions that you won’t experience at traditional banks.
Start, Build & Grow Your Practice
The Panacea Practice Solutions team is here to help you accelerate your practice through specialized credit structures, competitive pricing, and experienced advice as you start, build, and grow your practice.
We understand the busy the schedule of a doctor, because we are doctors. That is why we have developed a fully digital application designed to streamline the application process and are committed to providing expedited credit decisions that you won’t experience at traditional banks.
Deposit Services
- Business Checking & Savings Accounts
- Online / Mobile Banking
- Remote Deposit Capture
- ACH / Wire Transfers
- Merchant Card Services
- Fraud Protection Package
Deposit Services
- Business Checking & Savings Accounts
- Online / Mobile Banking
- Remote Deposit Capture
- ACH / Wire Transfers
- Merchant Card Services
- Fraud Protection Package
Loan Products For Physicians, Dentists, and Veterinarians
Loan Products For Physicians, Dentists, and Veterinarians
Partnership
- Partner buy-outs
- Associate buy-in
- Financing available up to $3,000,000
- 100% financing
- Unsecured loan options
- 5, 7 & 10 year terms available
Acquisition
- Financing available up to $3,000,000
- 100% financing plus working capital
- 5, 7 & 10 year terms available
- Graduated repayment terms
Expansion / Relocation
- Financing available up to $5,000,000
- 100% financing available
- 5, 7 and 10 year terms available
Refinance / Consolidation
- Consolidate all of your loans into one easy payment
- Financing available up to $3,000,000
- 5, 7 & 10-year terms available
Commercial Real Estate Financing
Ready to purchase your own building for your practice! Buying a building has many moving parts, let our experts get you a pre-approval letter for the sellers broker and approve you quickly when the offer is accepted. Or refinance your current Real Estate note to improve your cash flow.
Owner Occupied Commercial Real Estate
- Financing available up to $5,000,000
- Maximum 85% LTV
- Up to 10-yr terms, 25 year amortization
- Ability to finance the downpayment with our practice equity loan
Investor Commercial Real Estate
- Financing available up to $5,000,000
- Maximum 80% LTV
- Industry competitive rates
- Up to 10-yr terms, 20 year amortization
Equipment
- Financing available up to $2,000,000
- 100% financing available
- Up to 10-yr terms
Line of Credit
- Financing available up to $500,000
- Competitive floating interest rates
- Evergreen revolving line
Working Capital
Need a quick cash injection to help your business grow, take a look at our working capital loan options.
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Equity from your practice to assist with CRE down payments or appraisal short-falls
- (Up to 25% loan to value, 10-yr terms) - Consultant loans
- Marketing loans
- Bulk supply / inventory orders
General requirements
- Guarantor(s) / Principal(s) minimum 700 credit score
- Practice must be in existence for 1+ years or equivalent experience
- Principals must have active medical license in good standing
- Principals must not have adverse credit event*
General requirements
- Guarantor(s) / Principal(s) minimum 700 credit score
- Practice must be in existence for 1+ years or equivalent experience
- Principals must have active medical license in good standing
- Principals must not have adverse credit event*
FAQs
U.S Citizens or Permanent residents who are:
- Enrolled full time in a U.S-based accredited medical school in their fourth year
- Working in a U.S. medical residency or fellowship
- Working as an attending physician with an active license in good standing
- Yes you can. You can even have multiple PRN Personal loans with Panacea. We set maximum borrower amounts based on your current status: fourth-year student, in residency/fellowship, or attending physician. You can borrow up to the maximum amount for your status. For students that’s $15,000, for residents/fellows, it’s $30,000, and for attendings it’s $75,000.
For any number of reasons! Many use our PRN Personal loan for doctors to refinance toxic credit cards, pay for moving expenses, home renovations, or any unexpected life cost like healthcare bills! It's PRN - your money, as needed. No one should borrow more than they need but doctors should have a healthier option of debt instead of depending on credit cards or borrowing from friends or family.
- We don’t require a cosigner for a PRN physician personal loan because we know you are trustworthy and deserve to be treated like an adult. Traditional banks don’t understand that which is why they can ask for co-signers in order to offer their lowest rates.
- The application process takes less than eight minutes online. And if you choose a Panacea Checking account, you can get your funds in as little as 24 hours.
- As a medical student, you don't have to make payments for one full year! Then you'll pay interest only while in residency.
- As a resident or fellow, you'll only pay the interest on your loan for the first few years, depending on your term.
- As an attending, you'll only have to pay the interest for the first 6 months, then your full payments will start.
