First Bank of the Lake Logo
First Bank of the Lake Logo
FDIC Digital Sign, using the official FDIC wordmark. This digital sign indicates the deposit institution is backed by the full faith and credit of the US government.

Industry

Optometry Practice Loans

We are here to help you grow your optometry office

Home » Industries » Optometry Practice Loans

Running a successful optometry office takes more than clear vision

Running an optometry practice is no easy feat. While optometrists focus on patient care, they often struggle with managing delayed insurance reimbursements, rising technology costs, and high commercial real estate rents.

One major issue is the delay in insurance payments, which can take 28 to 45 days to process. This creates a cash flow gap, making it difficult to cover immediate expenses like payroll and rent. On top of that, optometry practices need constant equipment upgrades to stay current with diagnostic tools and software.

Real estate costs add to the strain, with rents for healthcare providers rising by 2.3% over the past year. These financial burdens leave many optometrists wondering how to fund critical improvements, expand their practice, or acquire new offices.

SBA Loan for Optometry Office and Practice Financing and Funding

Positive growth trends propel optometry practices to new heights

The good news is that despite these hurdles, many optometry practices reported their bottom line was up, with more than 58% of practices reporting increased revenue over the previous year. This growth is largely attributed to expanding patient demand and strategic investments in technology and leveraging social media that have helped practices grow.

There are ample opportunities for optometry practices to grow, and the right financial partner can make all the difference. At First Bank of the Lake, we specialize in providing Small Business Administration (SBA) loans that are tailor-made to meet the unique needs of optometrists.

First Bank of the Lake has helped numerous healthcare providers, including optometrists, secure the financing they need for both day-to-day operations and long-term growth. Whether it’s funding for new equipment, working capital, or real estate, our SBA loans offer flexible, competitive solutions. SBA 7a loans are ideal for covering immediate needs like payroll or inventory, while SBA 504 loans provide low-interest, long-term financing for major investments such as purchasing a new office or upgrading essential equipment. With our expertise, you can find the right funding to keep your practice thriving.

The Numbers

in Loans 2024

Largest SBA Lender^

Small Businesses Helped 2020-2024

It's Easy to Get Started

Contact Us

Contact First Bank of the Lake using the form below to talk to an SBA loan expert. We will get in touch with you promptly.

What Type of Loan?

Find out more about the SBA loan application process from our advisors determining what type of loan you need.

Assemble Your Documents

Put together an SBA loan application with the supporting documents.

Submit Your Application

Submit your SBA loan application.

Quotation Mark for Client Testimonial

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

Quotation Mark for Client Testimonial

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

Quotation Mark for Client Testimonial

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

Quotation Mark for Client Testimonial

First Bank of the Lake was the best banking experience I have ever had.

Andy
Co-founder, President, Winter Park Ski Rental

Quotation Mark for Client Testimonial

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

Quotation Mark for Client Testimonial

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

Quotation Mark for Client Testimonial

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 Optometry Practice Loan Expert Today

We made $600MM in SBA loans in the last year alone

SBA Loan for Optometry Office and Practice Financing and Funding
SBA Loan for Optometry Office and Practice Financing and Funding