More Medical Professionals Can Become Business Owners as Practice Pathways Expands to 50 States
June 07 2021 - 9:00AM
Business Wire
With patient volume returning, opportunities
on the rise for acquiring a private practice
More medical specialists looking to start or acquire a practice
can receive support for their venture through Zions
Bancorporation’s Practice Pathways program, which has now expanded
to all 50 states across the country. Practice Pathways focuses on
lending solutions for dentists, veterinarians, optometrists,
physicians and pharmacists.
While private practices faced headwinds from 2020 shutdowns,
consumer confidence in scheduling visits is rising. April 2021
marked the highest month for dental patient volume in a poll first
launched in March 2020. The “pandemic puppy” trend bolstered
veterinary revenue 7% from 2019 to 2020.
To help acquisition-ready specialists purchase private
practices, Zions Bancorporation Practice Pathways offers a
designated relationship manager as the sole point-of-contact to
provide 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.
“Medical professionals excel in their respective fields of
medicine and patient care, but they also need support on the
business side to start or acquire a practice,” said David Kirby,
senior vice president and director of Practice Pathways. “As
optimism for the future grows among professionals, we are here to
share our knowledge and help them successfully transition into
business owners.”
Health practice owners can feel confident working with Practice
Pathways after Zions Bancorporation received the 2020 Best Brand
recognition in the category of “Trust” among small and mid-sized
businesses surveyed by leading financial industry consultant
Greenwich Associates. Zions was awarded 18 Excellence and Best
Brand awards in 2020, demonstrating dedication to providing the
highest-quality cash management products and exceptional customer
service every day. The Greenwich Excellence Awards in small
business and middle market banking were based on more than 23,000
market research interviews with businesses nationwide evaluating
more than 600 banks.
For more information, visit www.PracticePathways.com or call
(888) 588-6265.
Loans are subject to credit approval. Terms and conditions
apply. See a banker for details.
Zions Bancorporation, N.A. is one of the nation's premier
financial services companies with annual net revenue of $2.8
billion in 2020 and more than $85 billion of total assets. 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. Zions is a
national leader in small business lending, including Small Business
Administration lending, ranking as the nation’s 10th largest
provider of the SBA’s Paycheck Protection Program loans. The Bank
is a consistent recipient of national and state-wide customer
survey awards in small and middle-market banking as well as a
leader in public finance advisory services. In addition, Zions is
included in the S&P 500 and NASDAQ Financial 100 indices.
Investor information and links to local banking brands can be
accessed at zionsbancorporation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210607005090/en/
Heidi Prokop, Communications Manager 801-844-7915 |
Heidi.Prokop@zionsbank.com
David Kirby, Director of Practice Pathways 801-844-8470 |
David.Kirby@zionsbank.com
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