I know what I’m about to say sounds like a sales pitch for a bank, but honestly Acara has no connection to any bank, we are just excited about Bank of America’s financing program for physicians.
Bank of America has a financing package that is very attractive for Medical Spas and Aesthetic Medical Practices. It is a simple interest loan (with a quick approval and short form application) with attractive interest rates that are much better than any lease available.
The real beauty about it is that you can finance equipment purchases either for 5, 7 or 10 years. Unlike a lease, if you want to pay it back early, there are no prepayment penalties. If you attempt to pay back a lease early the lease company charges you the monthly lease amount times the number of months remaining on the lease. Thus extreme pre-payment penalties.
If you’re seeking to expand your practice or medical spa with new technology or develop a new location, call me and we can discuss Acara’s services, and I would be more than happy to connect you to a Bank of America contact.