Our healthcare division originated in 2002 by extending financing to well-run healthcare businesses. By working together in advance of tabling an offer, we can design an innovative finance structure.
It is important to ensure you secure the location through long-term leases, or, when applicable, CWB Maxium Financial can finance the real estate, especially if you decide to change the business model based on whether you are purchasing the real estate or using a long-term lease.
Be your own landlord?
You may want to develop a network of eye care retail stores across Canada. We finance leasehold improvements or remodelling, along with interior and exterior improvements. We also fund real estate when it is part of the practice purchase.
Modernize your equipment and stay competitive
We finance optometry equipment that is vital to the functionality of your practice. We put in place predictable payment plans that maximize your cash flow. We finance all types of healthcare equipment with a minimum loan value of $5,000 with 5 year amortizations. Terms are based on the useful life of the equipment.
Lending money is what we do
Optometry professionals have access to competitive rates and funding options. For this reason, we offer outside-the-box finance. We are able to offer longer terms and amortize the loan over an extended period to improve cash flow and monthly payments. We often see healthcare professionals take short term loans and use credit cards to purchase equipment and grow their business. Refinancing gives them the option to roll everything into one. Most healthcare professionals refinance to enhance cash flow and obtain better terms with a lender that understands their business practice. Our business is to find a mutually beneficial solution.
For refinancing, we need to know how much your optometry practice is worth. We finance based on goodwill – a multiple of cash flow – and this is often different from a valuation. The valuation of a practice considers tangible (equipment, fixtures, etc.) and intangible assets (goodwill.) Our financing is primarily based on cash flow.