Industry
Hospital Loans
We can help fund and grow your hospital with SBA loans
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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.
The Numbers
in Loans 2024
Largest SBA Lender^
Small Businesses Helped 2020-2024
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The First Bank of the Lake rep and I bonded over faith, fishing and finance. They got my loan done in under 30 days in very, very trying circumstances.
Issac Reed
President, Reed’s Moving Services
If we ever need business capital, my first call would be to First Bank of the Lake. Why would I look elsewhere?
Barry Norfleet
Co-founder, Lifetime Green Coatings - Kentucky
I got my $345,000 SBA loan approved from First Bank of the Lake in 35 days!
Kasia Anderson
President, Woof Gang Bakery - Bradenton, FL
First Bank of the Lake was the best banking experience I have ever had.
Andy
Co-founder, President, Winter Park Ski Rental
The bank process was as easy it could be. The biggest thing is how transparent and reliable they were.
Tyler Green
Co-founder, President, Freelite AZ
My First Bank of the Lake rep was great – Easily the finest banker I have dealt with in my life.
Dan Billings
President, Tint World - San Antonio
Big thanks to Emil and the First Bank of the Lake team. I would recommend them to anyone else in a heartbeat and I would absolutely use them again.
Rock Katic
President, Perfect Moving
SBA Industry Loans
Talk to an SBA Hospital Loan Expert Today
We made $600MM in SBA loans in the last year alone
