Q&A
PrintableWhat does Matsco offer healthcare practices?
How long has Matsco been servicing small practices?
Is Matsco affiliated with any other industry groups or organizations?
What size of company is Matsco?
What types of business projects are covered under practice financing?
What financing programs does Matsco offer?
What is customized practice financing?
Don’t all practice lenders offer customized financing packages?
How is Matsco different from other practice lenders?
What geographic areas does Matsco serve?
Who is the typical Matsco client?
What does Matsco offer healthcare practices?
Matsco specializes in providing customized financing packages, project support and valuable business planning tools and programs to dental, veterinary and vision care practices. Our goal is to provide attainable financing and an educational platform to assist doctors through every type of career transition – from purchasing a practice, to equipping, expanding or selling their facilities.
How long has Matsco been servicing small practices?
Matsco has served the dental market since 1989, the veterinary market since 1998 and the vision care market since 2004.
Is Matsco affiliated with any other industry groups or organizations?
Since 1996, Matsco has been the only practice finance company selected especially for ADA members and endorsed by ADA Member AdvantageSM. Since 2000, we have been the only practice financing company recommended by the American Animal Hospital Association (AAHA). We support members with preferred rates for practice financing services and a consultative, comprehensive approach to their practices’ success.
What size of company is Matsco?
Founded in 1983 and based in Emeryville, California, Matsco employs about 120 people and currently has over $1 billion in assets. Matsco became a part of Greater Bay Bancorp in 2000. In 2007, Greater Bay was purchased by Wells Fargo and Matsco joined the Home and Consumer Finance Group of Wells Fargo Financial.
What types of business projects are covered under practice financing?
Practice financing programs fund business projects focused on growing a practice, such as: practice acquisition, start-up, construction projects (including ground-up, remodel, expansion and leasehold improvements), new equipment purchases, working capital and business refinance programs.
What financing programs does Matsco offer?
Matsco provides customized practice financing programs for projects ranging from practice acquisition and start-up and expansion, to equipment purchases, commercial real estate and business refinance programs. You can link to more information about these programs here:
- Practice Acquisition
- Practice Start Up
- Expansion & Equipment Financing
- Business Refinance
- Commercial Real Estate
- Line of Credit
What is customized practice financing?
Customized practice financing is the process of designing a loan package that meets as closely as possible the practitioner’s monthly budget requirements and preferred payment terms (number of years for loan payment), while providing the best interest rates available. All of these factors are carefully calculated at Matsco when designing each custom practice financing package.
Don’t all practice lenders offer customized financing packages?
No. Many large lenders are only able to offer a predetermined financing package with established terms and fees. Matsco has the flexibility and resources to provide customized service to every client, with repayment terms based on their particular needs.
How is Matsco different from other practice lenders?
There are three key ways that Matsco is different from other lenders.
First, Matsco provides practice financing based primarily on the income of the practice – or what we call Performance-Based Lending™ – rather than personal assets such as a home. This allows borrowers to preserve the equity of those assets for future use, while enabling new graduates and others with fewer accumulated assets to more easily make the leap to practice ownership.
Second, when financing with Matsco, practitioners are automatically enrolled in our signature Practice Success Program™. They’ll experience our legendary personal service and professional support with free project consultation plus practical tools and educational resources related to their project. Our unique library of proprietary business planning tools and healthcare industry service providers is readily available to support borrowers in all aspects of managing their practice.
And third, Matsco is a partner in administering the financial details of the project so doctors can stay focused on what really matters – their patients. While other lenders finalize the relationship when they deliver the check, our team is just getting started, providing vendor referrals, tracking invoices and coordinating payment schedules to ensure vendors are satisfied and the project stays on schedule. We manage the details of the doctor’s financing program so they can stay focused on generating the cash flow that keeps their practice flourishing.
What geographic areas does Matsco serve?
Matsco serves the entire United States and is supported by ten sales regions. Our headquarters are in Emeryville, California, just outside of San Francisco.
How would you describe the typical Matsco client?
We work with doctors through every stage of their careers, and our clients tend to be solo practitioners or partners who are investing in a significant career or practice transition, such as a practice acquisition or start-up, remodel or expansion, or retirement planning through debt consolidation and reinvestment.