Physician Business Loans

Partnership Buy-In Program

Are you contemplating expanding your medical practice through a new partnership? Look no further than Physician Bank. With our comprehensive services, we can facilitate a seamless transition for your practice, allowing your new partner to become fully integrated from the start. Our expertise lies in simplifying the entire process, ensuring a smooth and efficient expansion, while also providing the necessary liquid assets to support your business growth. We can even finance up to 95 percent of a practice you want to buy into. Trust Physician Bank to be your reliable partner in achieving your practice’s goals and ambitions.

GET STARTED ONLINE

AVERAGE RESPONSE TIME <10 MINUTES

GET STARTED WITH A PHYSICIAN Business LOAN

100% Financing, No Partner Collateral Needed and No Down Payment Needed

PARTNERSHIP BUY-IN FEATURES

100% financing up to 1 million
Loans1 up to 4 million¹
Unsecured lines of credit up to $250,000
Full service banking with high-yield, no-fee checking accounts

Physician Bank Buy-in financing makes sense. Talk with a Physician Bank Financing Advisor today.

1. All loans are subject to credit approval.

REQUIREMENTS & SPECIFICATIONS

A business valuation
A corporate guarantee requirement for any partner debt
A documented Buy-Sell Agreement is required depending on the transaction type (funded by life insurance when appropriate)
Life insurance² requirement for partner debt in the amount of the loan with assignment to Physician Bank
Loan Term: 10 year Maximum
Years in business: 3 Minimum

2. Life insurance is not offered by Physician Bank.

Get The Funds You Need

Do you have a partner that is retiring? Is your practice being bought out? Are you adding a new partner? Physician Bank can get you the funds you need to facilitate any pay-out and your loan can be guaranteed by your practice.

We can provide 100% financing for a new partner and we require no down payment or collateral from the partner. Do you have a current partner that is making monthly or quarterly payments? No problem. We can refinance that too!

Maybe you have concerns about arranging all the aspects of a partnership buy-in. Rest assured, Physician Bank Partnership Buy-in Advisors have the experience to insure your buy-in agreement is arranged appropriately and easily understood by all. Need more information? Complete the Request Form today.

Important Information

Procedures for Opening an Account Mandated by the USA PATRIOT ACT

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT ACT, a Federal law, requires all financial institutions to obtain, and record information that identifies each person who opens an account.

What this means for you:

When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Partnership Buy-IN / Buy-OUT FAQ

Ross Magnuson, Market President of Heritage Bank, parent company of Physician Bank, answers the following Partnership Buy-In / Buy-Out Questions. Listen now to: Answers to Your Partnership Buy-in / Buy-Out Questions

What questions would you ask prospects looking to form a partnership buy-in agreement.
How do new partners finance their partnership buy-in agreements?
What would the process look like for a partnership buyout?
How is a partnership buy-in loan structured?
What is the partnership buy-in formula?
Do the business relationship managers have knowledge in how to structure a partnership buy-in?
What are some of the partnership buyout alternatives?
Does the bank require the partnership or firm to have an updated partnership agreement?
Is there any minimum or maximum dollar amount that the bank will finance?
Does the bank finance a partner that the firm has already internally financed?
What are the benefits of financing your partnership buy-in with us?

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140 North Phillips Avenue #101A, Sioux Falls

4.9 62 reviews

Tessa LaBounty ★★★★★ a month ago
I can not thank Julie Velline enough for the service she provided us during the home buying process. With the help of Julie and Physician Bank my husband and I were able to build our dream home. Julie was extremely knowledgeable and able … More to answer all of our questions (which as first time home buyers we had a lot of). She made the entire process run smoothly. I would definitely recommend Julie to anyone looking to buy or build a home, especially physician's who are interested in building their dream home as Physician Bank made the construction loan process so easy and seamless.
Kazvin Marfatia ★★★★★ 9 months ago
My fiancé and I are so grateful we got to work with Julie! As first time home buyers, the home buying process can be daunting but we honestly could not have had a better experience. Julie is available night and day to address any of our … More concerns and her responses are always very prompt. We valued how organized she is and would recommend her expertise to anyone. Thank you Julie!!! Looking forward to working with you again in the future 🙂
Kirbi Sullivan ★★★★★ 11 months ago
Matt was the best! Wonderful to work with and made the process so easy. Very responsive and easy to get ahold of 24/7. Great option for first time home buyers and young physicians in residency. My husband looked at several options for mortgages … More and the Physician Bank team was by far the best. Juanita was also wonderful and very helpful! Will definitely be recommending to other physicians looking to buy.
Cristina Toledo-Cornell ★★★★★ 11 months ago
I worked with Teresa DeWolf anf her awesome team and I could not be happier with their professionalism, engagement, efficiency and overral stellar costumer service. I have now referred her and her team at Physicians bank to other colleagues … More and family. She gave ne a great rate and I am a seasoned Buyer (4th home). The process is seameless and the app super user friendly. I could not have asked for a more seameless experience on getting a loan! Thank you!! Picture of my new home bellow!
Tony Captain ★★★★★ 9 months ago
Matt velline was an amazing mortgage loan originator. This was undoubtedly the most flawless and efficient process I have ever been involved in to obtain home mortgage loan. Rather the Spanish inquisition, I encountered a consummate professional … More who embodied sincerety and kindness. He was informative every step along the way and made the experience pleasant and tranquil. Matt made the process seem easy and comfortable. So, indeed wonderful loan mortgage originator that was the most superb!!!! Thank you physician bank for being the best ever in my book!!!! Also, Julie and Juanita were an intricate part of the process and great assets to the team!!! Kudos to all!!!!
Trinh To ★★★★★ 7 months ago
We had the utmost pleasure to work with Julie Velline. She is amazing!!! She helped us close the house in 4 days!! She honestly did God's work and made our dream come true. We were with another lender for 2.5 weeks and were not satisfied … More with their service. The previous lender clearly did not specialized in physician loans like we thought they do. Otherwise, they wouldn't have made the process more complicated than what it really is. It was the constant back and forth and none of our goals were being met. You would think there'll be minimal issues when you have 1 pharmacist and 1 medical physician in the household with 2 incomes. We had major headaches with the previous lender before we finally gave up on them and decided to be brave to reach out to a new lender during the buying process!! I called 1-2 other lenders and they all gave me the realistic answer of "No, we need at least 3-4 weeks to gather all the paperwork and process the loan". It was understandable considering we were with another lender for literally 2.5 weeks yet no loan was officially closed. I finally reached out to Julie for one final effort… and it was on Labor Day, 9/4! I did not anticipate any response due to the holiday and clearly all the banks would be closed. However, Julie responded!! She said they were closed for the holiday but she was willing to look over our documentation. I asked her if she can realistically help us close the loan on our closing date & she said "I don't see why not??". I was nearly in shock. My boyfriend and I sent over all the required documents. Julie and her processor literally worked around the clock for 2-3 days straight, I tell you! She was super responsive to her emails and worked like no other. She made sure to take care of us and to meet our goal of closing the house on 9/13/23. Honestly wow. Everyone we encountered during this buying process was nice and enjoyable to work with. They clearly know what they're doing and clearly have worked with other physicians and healthcare professionals before. They know how doctors live their life and their typical situations. They didn't have much questions regarding our background and finances. A+++ for Physician Bank and Julie! We are truly thankful for you.
Lindsey Haldiman ★★★★★ 8 months ago
Jeff Asche has been so great to work with and is extremely responsive and knowledgeable. My husband and I are so appreciative of his patient and willingness to explain the loan application process and all it entails. I HIGHLY recommend … More Jeff if you are looking for a mortgage lender!
Fernando Zayas Bazan ★★★★★ 10 months ago
Physician Bank helped me secure a home loan at a great interest rate. We just closed June 12th 2023! Thank you Ryan and Physician Bank for making this sooo smooth!
Benjamin Moreno ★★★★★ 9 months ago
This summer my wife and I purchased our first home and had the opportunity to work with Jeff Asche. Jeff was very responsive and punctual when it came to addressing any concerns, and his experience of the entire process was evident throughout. … More Most importantly, Jeff helped my wife and I accomplish our biggest objective out of the entire process. With his help, we managed to time our purchase perfectly with the end of our lease. I could not have imagined a smoother transaction without Jeff!
Carolyn Lussenhop ★★★★★ 10 months ago
I had a wonderful experience with Physician Bank and they worked very closely with me to help me purchase my first home. My mortgage officer, Chris, was extremely helpful throughout the entire process. She is very knowledgeable, accountable, … More and went above and beyond to ensure that we closed on our home very quickly. We will continue to work with Physician Bank in the future, and I would absolutely recommend them to anyone!
Carrie Nemeh ★★★★★ 9 months ago
We just closed on our new home today and couldn't be more impressed with the service provided by Ryan at Physician Bank! He was incredibly responsive from start to finish. This was our first time buying a home so we had a lot of questions … More and Ryan was so patient and helped us every step of the way. We were able to get into our first choice home and close within 30 days. After extensive research we were most impressed by the choices and service provided by Ryan at Physician Bank which is why we ultimately chose this lender. Thank you!
Jonathan Wolf ★★★★★ 9 months ago
Jean at Physicians Bank was amazing. She got my wife and I in our forever home and helped us navigate the loan process. She made herself available to answer all our questions and helped make the lending process as stress free as possible. … More A true pleasure to work with and will be recommending her to others.