What medical practice loans are available in Hollywood, FL?

Yes — you can get a SBA‑7(a) medical practice loan in Hollywood, FL with 620‑679 FICO at 8‑10% APR, up to 84 months, equipment financing 15‑20% down 48‑84 months. See rates.

The specifics

The SBA‑7(a) program is the most common route in Hollywood, FL. With a fair‑credit score 620‑679, you qualify for an 8‑10 % APR loan up to $5 million, with terms up to 84 months【bankofamerica.com】. The same loan can bundle equipment purchase up to 30 % of the total debt, requiring a 15‑20 % down payment and a 48‑84‑month term for the equipment portion【bankofamerica.com】. Lenders also evaluate your debt‑service coverage ratio (DSCR) at a minimum of 1.25× and that monthly debt service stays within 8‑12 % of gross monthly revenue【bankofamerica.com】. Working‑capital lines from regional banks can close in 30‑45 days with 8‑15 % APR, but typically need stronger credit (FICO 740+). Use our affordability calculator to see the exact monthly payment you would face once your practice’s financials are uploaded. The loan also includes options for green‑energy upgrades and commercial real‑estate improvements.

Qualification & edge cases

Scores below 620 can still obtain a loan, but the APR rises by 3‑5 percentage points and term limits shorten to 48‑60 months. Lenders struggle on practices with gross revenue below $500K or a DSCR < 1.25×, often requesting a higher down payment or additional collateral. If your clinic’s occupancy falls under 70 %, you may see higher rates or a stricter loan size. For new practices lacking six‑month financial statements, a bridge line or a smaller “working capital” loan is usually the quickest route; these are often offered by private lenders with flexible documentation【lendio.com】. Check the latest denial rates in the 2026 medical practice lending denial rate study‑extended to understand the risk profile of your application.

Background & how it works

SBA‑7(a) loans are backed by the U.S. Small Business Administration and require a personal guarantee. They offer lower down payments and longer terms than traditional bank products, but you must satisfy the SBA’s cap on the total loan amount and maintain a hospital‑style financial profile. Many physicians choose a single loan that covers both building, equipment, and working capital, then refinance once the practice is stable. Equally important is the equipment‑leasing market; leasing can mitigate upfront costs and preserve cash flow, but may cost more overall if your lease term extends beyond five years. Throughout the process, DTI (debt‑to‑income) ratios should stay under 40 % of gross monthly revenue, and the lender will review tax returns and a cash‑flow statement covering the past two years【medicaleconomics.com】. Local practice owners often pair a long‑term SBA loan with a shorter line of credit to balance equity and liquidity. The clinic business loan guide details the step‑by‑step application for local practices.

Bottom line

Hollywood, FL practice owners can secure a SBA‑7(a) loan with a 620‑679 FICO at 8‑10 % APR and up to 84‑month terms, or use a short‑term line for working capital. The process starts with a quick credit check and requires standard financial docs. See rates now.

Disclosures

This content is for educational purposes only and is not financial advice. treated.finance may receive compensation from partner lenders, which may influence which products are featured. Rates, terms, and availability vary by lender and applicant qualifications.

Sources

• bankofamerica.com
• lendio.com
• medicaleconomics.com