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Practice Expansion Loans
Grow your clinic with financing that fits your plans. Not the other way around.
Whether you’re adding rooms, opening a second location, hiring providers, or upgrading patient experience, we help women-owned healthcare practices get transparent funding options—without the runaround.
What is a Practice Expansion Loan?
Financing designed for one-time growth projects (build-out, move, second site) or step-function capacity increases (additional operatories, new service line). Funds can cover construction, equipment, marketing launch, staffing, and working-capital runway until the expansion pays for itself.
Funding options we match (overview)
- Term Loan (unsecured or lightly secured) > For renovations, build-outs, hiring, marketing. Predictable monthly payments.
- Leasehold Improvement Financing > Specifically for construction/renovation of leased spaces.
- Equipment + Expansion Bundle > Combine equipment financing with renovation and soft costs under one plan.
- Line of Credit (LOC) > Flexible draw for staged expenses or unforeseen costs during build-out.
- Revenue-Based Financing (select lenders) > Variable repayments tied to monthly revenues (useful during ramp-up).
- SBA/BDC-Style Programs (where applicable) > Longer terms, more paperwork—often best when timelines allow and you want lower payments.
Documentation checklist
- Last 6–12 months business bank statements
- Most recent YTD financials (P&L, balance sheet) + prior year financials/tax return
- Project budget (contractor quotes, equipment quotes, soft costs)
- Expansion plan (timeline, hiring plan, marketing launch plan, revenue ramp assumptions)
- Lease (if improvements) or LOI (if second location)
Don’t have everything? Start the application.
Your advisor will guide you through gaps.
How to estimate affordability
- Target Debt Service Coverage Ratio (DSCR) ≥ 1.25x on steady-state cash flow
- Add 10–15% contingency to your project budget
- Assume ramp lag of 3–6 months before hitting target utilization
Its a quick napkin math. We’ll model this with you before you accept any offer.
How Lyyvora works
- One Application, Your Story
Secure intake that captures financials and your clinical growth plan. - Smart Matching
We match you with lenders who finance healthcare expansions—no generic offers. financials and your clinical growth plan. - Compare & DecideOne Application, Your Story
You get multiple offers, apples-to-apples. We highlight total cost, payment shape, and breakeven.
Typical ranges (guidance only)
Frequently Asked Questions
What are the most common pitfalls and how can I avoid them?
- Under-scoping soft costs (permits, IT, signage) → add a contingency line item
- No ramp runway → use interest-only or step-up structures
- Single offer myopia → compare at least 2–3 structures side-by-side
- Marketing underinvestment → budget for acquisition until word-of-mouth kicks in
Can I finance both renovations and equipment together?
Yes. Some lenders bundle leasehold improvements, equipment, and soft costs into one facility.
Can I use a line of credit for progress draws?
Yes. LOCs pair well with staged construction or when invoices arrive unpredictably.
Can I refinance later to reduce payments?
Yes. Many borrowers refinance after the new location stabilizes.
Do I need collateral?
Often no for smaller amounts; larger facilities may be secured by GSA/UCC filings, equipment, or limited guarantees. We’ll clarify per offer.
Need more help?
Send us your question about healthcare financing or practice expansion. We’ll respond with plain-English guidance so you can decide with confidence.