SBA 504 Success Story

Arthritis and Pain Associates of Prince George’s County

Their StoryPrint This Post

Arthritis and Pain Associates of Prince George’s County, P.C. provides compassionate care for patients with various rheumatologic conditions and other causes of musculoskeletal pain. They specialize in non-surgical treatment of rheumatological and musculoskeletal disorders through various medications, procedures, and appropriate exercise prescriptions.

With the SBA 504 loan program, the owners, Dr. Adelson, Dr. Thomas, and Dr. Sheyn, were able to relocate their growing practice to a new condominium medical office located in Greenbelt, Maryland. The total project cost of $2,400,000 included the purchase of the 7,000 sq. ft. facility and renovations to the property.

M&T Bank financed 50% of the cost of the total project at $1,243,000, while FSC First, through the SBA 504 long term, fixed assets financing program, financed approximately 40% of the costs at $979,000 with a 20 year mortgage.

The service that Arthritis and Pain Associates of Pain Associates of Prince George’s County, P.C. provides to their patients and to the community is immeasurable. We value their accomplishments as the largest rheumatologic practice in Prince George’s County and honor them as a success in the small business community.

DetailsPrint This Post

Client’s Name
Arthritis and Pain Associates of P.G. County
Loan Program
SBA 504 Long Term Fixed Assets loan
Contact Information
877.861.5700
Client Site
arthritispainpg.com

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