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Business Lending Quick Links

Practice Loans

Practice Loans & Professional Practice Financing

At 21st Century Bank, we understand the unique challenges and opportunities that come with managing and growing a professional practice. Whether you’re starting from scratch, aiming to expand, or looking to acquire an existing practice, our specialized practice loans and professional practice financing are designed to propel professionals like you towards success. Our clients include health and medical professionals—dentists, chiropractors, therapists, orthopedic specialists—as well as lawyers, accountants, optometrists, and ophthalmologists looking to start, grow, or acquire a private practice.

Your practice’s financing options could include a conventional loan, SBA 7(a), SBA 504, a line of credit or a combination of these.

  • Exploring different financing options can help you establish or expand your practice more effectively.
  • Conventional loans offer flexibility and can be tailored to your specific needs.
  • SBA 7(a) loans support small businesses, including dental practices, with favorable terms.
  • SBA 504 loans can help you finance real estate or large equipment purchases.

Practice Acquisition Financing & Startup Loans

Starting a new practice involves several upfront costs that can seem daunting. From architectural and design fees to construction costs and other initial expenses, the financial aspects of setting up your practice are significant. At 21st Century Bank, we’re here to ease that burden. Our financing options are crafted to cover these foundational expenses, allowing you to focus on laying down the roots of a thriving practice without the stress of financial strain.

Practice Lending Solutions for Growth & Expansion

Are you ready to take your practice to the next level? Our expert lenders are at your service to find the perfect financing solutions to support your growth ambitions. Whether it’s refinancing existing debt to improve cash flow or financing new equipment purchases, we’re here to ensure that your financial setup supports your expanding operations efficiently and effectively.

Practice Acquisition Loans & Financing

Acquiring an existing practice? If purchasing an existing practice is your path to growth, our practice loans can facilitate this transition. We provide the necessary working capital to smooth the process, helping you take over and advance the business seamlessly. With our support, you can focus on integrating and enhancing the practice rather than worrying about financial logistics.

Let 21st Century Bank be your financial partner in navigating the complexities of owning and expanding a professional practice.

Contact us today to explore how our practice loans can be tailored to meet the specific needs of your professional journey. Together, we can build a future where your practice not only survives but thrives.

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SBA 7(a) Loan Program

If you’re looking for funds to get your new business off the ground, the SBA 7(a) Loan Program might be just what you’re seeking. The SBA 7(a) Loan Program is the SBA’s primary way to provide funding to small businesses. You can get loans of up to $5 million to cover your startup costs, including real estate, equipment, supplies, materials, and more. In addition, you can use these funds to buy or expand an existing business or refinance debt. Talk to one of our experienced lenders today to learn more.

SBA 7(a) loan terms and rates vary based on the type of loan. Loans are available, on average, for up to $5 million. These loans come with a maximum SBA guarantee of 85% for loans up to $150,000 and 75% for loans greater than $150,000. Therefore, utilizing the SBA 7(a) loan will keep your rates within the SBA-approved range. However, loan rates will vary based on the total amount and repayment period

21st Century Bank is approved to offer SBA loan products under SBA’s Preferred Lender/Express programs.

SBA - U.S. Small Business Administration

Expert Support for the Growth of Your Business

Learn more about the tailored business development services we offer to fit your business banking needs. Whether you need to set up a business checking account or create a Commercial Money Market account, our friendly, knowledgeable team is here to help.

Business Development

Tailored for You on the Go

With the 21st Century Bank Mobile App, you can do your business banking when and where you need.   Learn More

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21st Century Bank proudly serves clients located in Minnesota and Northwest Wisconsin. At this time, we are unable to process inquiries or provide banking services to residents or businesses outside of this geographic region.

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