800 611 5170Click to Apply for a Loan Online

Blog

The Home Health Care Loan

January 7, 2021 | Uncategorized
home health care blog image

You’re giving people the gift of care.  You are committed to bringing people the assistance they need, often during a difficult time.  Simultaneously, you are also running a business, or you may be just starting out or looking to expand your home health care or elder care offerings.

Your industry is unique which means working with someone that understands the nuances of your business is critical, especially when you are looking for financing.

With over four decades of experience in small business lending, we have found that providing you a loan officer that specializes in your industry will both help you get your funding and provide you a knowledgeable advocate.

WHAT IS A HOME HEALTH CARE LOAN SPECIALIST?

Our experienced loan officers have taken the time to learn about your industry including licensing requirements, accreditation, and current issues. They are also well versed in understanding the payors such as Medicare, Medicaid/Medical, and private insurances.  This knowledge helps them match you with the loan product that will best fit your needs and support your long term success.

Their expertise means they know the ins and outs of the loan process and will guide you every step of the way.  They will help you understand your financing options, present the terms in an easy to understand way and help you navigate gathering the required documents. 

 

Meet our Home Health Care Loan Specialists:

 

Stacey Sanchez, BIO

sssanchez@cdcloans.com

714.918.0886

 

 

home health care loan specialist

April Lewis, BIO

alewis@cdcloans.com

714.356.9978

 

ACQUIRING, EXPANDING OR STARTING A HOME HEALTH CARE, HOME CARE OR HOSPICE BUSINESS?

Acquisition and Expansion:

Our financing can be used to acquire an existing home health care business or to expand your current operations.  In both cases we will help you assess the situation to identify the right financing to support your growth.

Start-up:

Our team of experts understand Home Care and Home Health Care industry start-up challenges.  We will help you:

  

THE HOME HEALTH CARE LOAN

Here are the details about the loan.  Review this information and then your home health care loan specialist can answer any questions and help you navigate the process of getting approved.

 

Loan Amount: $20,000 -250,000

Terms: 5-10 year terms

Rate: Variable rates tied to Prime, starting at Prime +2.75

Requirements:

Areas Served: California

 

3 STEPS TO GET YOUR LOAN 

Your home health care loan specialist will help you navigate the loan process. Here’s what to expect:

FREQUENTLY ASKED QUESTIONS

What is the rate?   
Your rate will depend on which of our loan products best match your needs as well as the credit risk of your project.  Compared to the marketplace, all our rates are competitive.

Do you finance start- ups?
Yes – If you are a start-up there will be a 20% down payment requirement and we will look to see that you have historical management or industry experience.

Will someone work with me directly?
Yes – you will work with your home health care loan specialist initially and then work with our approval and funding team.

How long will the process take?
You will know if you have been pre-qualified in 24-72 hours of submitting the initial request.  The loan process from approval to funding can take from 4-6 weeks.  


STAY CONNECTED

Get the latest small business news and tips:


  • I'm Interested in a Business Loan

    • This field is for validation purposes and should be left unchanged.

For media inquiries, email press@cdcloans.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us

Sign up for our blog

Get the latest small business news and updates from our team once a week.

Please check your email and confirm your subscription.

Pin It on Pinterest