How this Nephrology Practice Expanded Their Reach with Help From Biz2Credit

The Nephrology Group, Inc., a medical practice specializing in the care of patients with kidney disease and related illnesses, has been in business for over 40 years. Initially starting as a small group practice, The Nephrology Group has expanded to become an organization of over 25 providers with locations all throughout the Fresno-Madera area of California.

Dr. Hemant Dhingra, MD, who joined The Nephrology Group in 2011 as CEO and President, has been the driving force behind a new initiative to begin development of the real estate component of the practice.

"Our goal is to open seven commercial dialysis clinics across the country," says Dhingra. "Upon pursuit of this goal, I quickly realized that we would need Commercial Real Estate funding in order to take on the leases for the clinic sites, which could potentially add up to $3-3.5 million total."

Many of The Nephrology Group's clinic sites have Fortune 500 15-year leases, which are often costly up front. In addition, Dhingra realized that while it may be easier to receive traditional financing once the leases have been signed, gathering the funds needed to secure the leases would be a challenge.

"We needed to take advantage of all seven potential clinic sites quickly," explains Dhingra. "However, traditional financiers such as banks will typically only provide funding for one Commercial Real Estate transaction at a time. In addition, their process tends to be slow and very cumbersome."

After coming across a TV advertisement for Biz2Credit, Dhingra decided to pick up the phone and give Biz2Credit Commercial Real Estate expert, Shawn C., a call.

"It was clear from the start of the conversation that Shawn would be able to help provide us with what we needed in a smooth, fast, and efficient way," explains Dhingra. "Biz2Credit's application process as very easy, and we received the funding that we needed."

Dhingra has a few wise words for other medical professionals looking to open or expand their own practices.

"Many physicians believe that it is expensive to open their own clinics, but this is simply not true if you have the proper funding in place," says Dhingra. "The first step that physicians need to take before expanding is to put together calculated projections on the manpower that will be required; or example, how many patients will need to be seen each day in order to break even. Take those projections and add in the cost of the Real Estate transaction. When you have those numbers, contact Biz2Credit. They will work to get you the funding you need so that you can move forward quickly."

Dhingra says that he would recommend Biz2Credit to any of his colleagues looking to expand their practices.

"Healthcare has become more and more complex, making it difficult to grow a private practice, especially if you are self-funded," says Dhingra. "It's difficult to find the right partners that can help your practice expand. That's why I highly recommend Biz2Credit to all of my colleagues looking for funding to acquire Commercial Real Estate for the expansion of their practice."