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Hospital Loans
We can help fund and grow your hospital with SBA loans
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Top 5 SBA franchise loan lender*
+$600 million franchise loans funded
+$2 billion in SBA loans since 2020
+2,000 SBA loans funded since 2020
Hospital margins have been squeezed by the pandemic and personnel costs
Third party reimbursements remain an industry-wide challenge. Equipment and technology help with productivity but can increase costs. Added on top of that, are personnel costs which have increased with nurses and doctors leaving the industry.
With so much demand and fewer doctors, there is considerable potential for business growth. Like many other businesses, funding and working capital are needed to finance the growth.
Demand for hospital services are increasing stability and productivity tools are helping boost operating margins
Medical demand has risen significantly post-pandemic. Ratings agency Fitch recently boosted their outlook for the entire sector. Add to this that the Baby Boomer generation is aging and the number of people 65 years old or older is increasing dramatically. The overall demand for hospital care keeps increasing as more patients are living longer and will need more hospital care.
Access to capital remains one of the biggest impediments to hospitals growth. SBA 7a and 504 loans are backed by the US government and can be used to buy medical equipment and software, expand a hospital, refinance debt, or expand. Over the last five years, First Bank of the Lake has provided over $1B in small business loans. Our team understands hospital financing and can help create loan solutions to help you manage costs, hire staff, and keep your facility on track for long-term growth and success.
Real business owners. Real results.
Woof Gang Bakery SBA Loan Case Study
After years in HR, Kasia followed her passion for animals and, with a $345K SBA loan from First Bank of the Lake, quickly launched her Woof Gang Bakery & Grooming franchise — already nearing breakeven just months in.
Tint World SBA Loan Case Study
After losing his wife, a friend, and his life savings, Dan Billings reinvented his life with a Tint World franchise — and with guidance and an SBA loan from First Bank of the Lake, his business is thriving and he’s already eyeing a second location.
Lifetime Green Coatings SBA Loan Case Study
Father and son duo Barry and Parker Norfleet launched six Lifetime Green Coatings franchises with a $400K SBA loan from First Bank of the Lake — quickly setting up operations and nearly breaking even within just three months.
What Our Customers Say
Gave Me the Confidence I Needed
Huge thanks to Tammy and Brandi. Tammy was my first point of contact and gave me the confidence I needed since there isn't a local branch near where I live. Brandi has been answering ALL my questions since and has excellent follow up and has taken great care of me.
— Michele Houston
Genuinely Interested in Helping My Business Succeed
First Bank of the Lake was a tremendous help in securing a 504 small business loan for my company. Every staff member I interacted with was professional, friendly, and genuinely interested in helping my business succeed.
— Don Kamb
Exceptional Service
I cannot say enough positive things about my experience working with Eric as my SBA loan officer. From start to finish, he provided exceptional service and went above and beyond to ensure that every issue we encountered was resolved quickly and efficiently.
— Bryan Crowe