SALT LAKE CITY, Dec. 10, 2018 /PRNewswire/ -- Medical
professionals aspiring to start their own practice or acquire a
current one can receive support for their venture through Zions
Bancorporation's Practice Pathways program, which has now expanded
to 33 states across the country. Practice Pathways focuses on
lending solutions for entrepreneurial dentists, veterinarians,
optometrists, physicians and pharmacists.
Professional expertise in small business lending and ownership
transition is in high demand as retiring medical professionals
outnumber graduates entering the industry. As the level of Baby
Boomer professionals expected to retire is projected to remain high
over the next several years, graduates may have more opportunities
than ever before to acquire a retiree's private practice.
To help these medical professionals purchase private practices,
Zions Bancorporation created Practice Pathways, a full suite of
financial services that supports owning a practice. With Practice
Pathways, a designated relationship manager is the sole point of
contact and provides specialized expertise on a variety of
services, including:
- Practice acquisition loans
- Debt consolidation and refinancing
- Real estate, multi-practice and equipment financing
- Startup, improvement, expansion or relocation
- U.S. Small Business Administration financial solutions
- Working capital loans and lines of credit
Practice Pathways offers a streamlined application process, with
most applications receiving a response within 24 business hours.
Competitive fixed-rate and variable-rate options with terms up to
15 years are available to maximize cash flow. In addition, Practice
Pathways offers access to a demographic analysis to ensure the
practice is in an ideal location.
"Medical professionals excel in their respective fields of
medicine and patient care, but sometimes lack the business
background to start or acquire a practice," said David Kirby, senior vice president and director
of Practice Pathways. "We want to get their entrepreneurial dreams
off the ground with our financial expertise to help them
successfully transition into business owners."
Practice Pathways is available in the 11-state western and
southwestern footprint of Zions Bancorporation, N.A., including:
Utah, Idaho, Wyoming, Arizona, Colorado, New
Mexico, California,
Washington, Oregon, Nevada and Texas. It has further expanded into 22
additional states: Florida,
Georgia, Kansas, Louisiana, Massachusetts, Minnesota, Missouri, South
Carolina, Tennessee,
Virginia, New York, Illinois, Pennsylvania, New
Jersey, Ohio, Michigan, North
Carolina, Maryland,
Wisconsin, Indiana, Connecticut and Oklahoma.
For more information or to submit an application, visit
www.PracticePathways.com or call (888) 588-6265.
Zions Bancorporation, N.A. is one of the nation's premier
financial services companies with total assets exceeding
$65 billion. Zions operates
under local management teams and distinct brands in 11 western
states: Arizona, California, Colorado, Idaho, Nevada, New
Mexico, Oregon,
Texas, Utah, Washington and Wyoming. The company is a national leader in
Small Business Administration lending and public finance advisory
services, and is a consistent top recipient of Greenwich Excellence
awards in banking. In addition, Zions is included in the
S&P 500 and NASDAQ Financial 100 indices. Investor information
and links to subsidiary banks can be accessed at
www.zionsbancorporation.com.
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SOURCE Zions Bancorporation, N.A.