TMC Financing makes clinic purchase painless for Pain Institute
TMC Financing Makes Clinic Purchase Painless for Pain Institute
SBA 504 loan allows physician to provide comprehensive care for pain management
TMC Financing today announced the owner of Southern California Spine and Pain Institute financed the purchase of a 10,000-square-foot medical office space at 43821 15th Street West in Lancaster, California with a 20-year, fixed-rate U.S. Small Business Administration 504 loan. The $1.65 million total project cost includes the purchase of the landmark local theater building and renovation into medical services offices.
“Treating pain is not just prescribing pills and surgery,” Dr. Thuong Vo, SCSPI owner, said. “It takes a comprehensive approach — physical therapy, acupuncture, psychiatric services to deal with the mental component — this new space will give us the room to bring all of these services together under one roof and make it more convenient for patients and easier for providers to collaborate and communicate.”
The Spine and Pain Institute specializes in the comprehensive, individualized assessment and treatment of acute, recurrent and chronic pain problems. Vo is board-certified in pain medicine, anesthesiology and age management. Vo leased clinic space nearby for two years before his patient volume required additional space. He expects the expansion to allow him to hire 10-15 new employees over the next year or two.
“I was extremely impressed with the way TMC handled my loan,” he said. “We had a past experience with an SBA loan that went very differently — there were a lot of kinks, whereas this one went smoothly. Jennifer Davis at TMC recognized how busy I was and worked around my schedule. The personal service was excellent and, as a physician, my practice is very personal, so I value that. It was a painless, no pun intended, procedure.”