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Extra Medical Professionals Can Develop into Enterprise House owners as Observe Pathways Expands to 50 States

SALT LAKE CITY – (BUSINESS WIRE) – More medical specialists looking to open or acquire a practice can get support for their endeavors through Zions Bancorporation’s Practice Pathways program, which has now been expanded to all 50 states in the country. Practice Pathways focuses on loan solutions for dentists, veterinarians, opticians, doctors and pharmacists.

While private practices have faced headwinds from the closings in 2020, consumer confidence in planning visits is increasing. April 2021 was the highest month for dental patient traffic in a survey first conducted in March 2020. The “puppy pandemic” trend increased veterinary medicine revenues from 2019 to 2020 by 7%.

To help acquisition-ready specialists purchase private practices, Zions Bancorporation Practice Pathways offers a designated Relationship Manager as a single point of contact for a variety of services including:

  • Practice takeover loans

  • Debt Consolidation and Refinancing

  • Real estate, multi-practice and equipment financing

  • Commissioning, improvement, expansion or relocation

  • US 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 and floating rate options with terms of up to 15 years are available to maximize cash flow.

“Healthcare professionals excel in their respective fields of medicine and patient care, but also need business support to open or acquire a practice,” said David Kirby, senior vice president and director of Practice Pathways. “As the optimism for the future grows among professionals, we are here to share our knowledge and help them become successful entrepreneurs.”

Health care practice owners can rest assured they are working with Practice Pathways after Zion’s Bancorporation received Best Brand 2020 in the Trust category among small and medium-sized businesses surveyed by leading financial industry advisor Greenwich Associates. Zions was recognized with 18 Excellence and Best Brand Awards in 2020, demonstrating its commitment to delivering 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 research interviews with companies across the country that rated more than 600 banks.

For more information, visit www.PracticePathways.com or call (888) 588-6265.

Loans require a loan approval. Terms and conditions apply. Contact a banker for details.

Zions Bancorporation, NA, is one of the leading financial services companies in the country, with annual net sales of $ 2.8 billion in 2020 and total assets of more than $ 85 billion. Zions operates under local management teams and various brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. Zions is the nation’s leader in small business lending, including lending to the Small Business Administration, and ranks as the 10th largest credit provider under the SBA Paycheck Protection Program. The bank is a regular recipient of national and national awards in customer surveys in small and medium-sized banking and is a leader in advising on public finance. Zions is also included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local bank brands can be found at zionsbancorporation.com.