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Special
EMR Loan Program for Members
Boston Private Bank & Trust Company is pleased to offer a special loan
program for the physician members of the Massachusetts Medical Society to finance
the purchase and implementation of Electronic Medical Records systems (EMR),
and to finance practice technology improvements. This limited time program
offers a combination of an attractive fixed rate, flexible repayment terms
and minimal closing costs.
Specific terms are:
Loan Amount: From $150,000 to $1,250,000
Interest Rate: Fixed for up to five years @ 6.5%
Repayment: Monthly, up to 60 months
Documentation & Closing Costs: Limited to the cost of a UCC search & filing
fee
Collateral: The equipment being purchased and financed
Prepayment penalty: None
Rate availability: To guarantee receipt of the above listed rate, loan enquiries
must be received by the Bank on or before 6/30/10.
For additional information
please contact David A. Bourret, Senior Vice President, at (617) 912-1915 or
dbourret@bostonprivatebank.com.
The commitment by Boston Private Bank to provide
such loans is subject to the proposed Borrower meeting the underwriting standards
of the Bank for commercial extensions of credit of this type. The Bank requires
submission of financial statements by the practice group or physician borrower
and by the practice owners, and bases its underwriting and loan decision primarily
on that information and on information available to it from certain credit
reporting agencies. Typically, the time between receipt of a complete loan
application and funding of an approved loan is 30 days.
 
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