Financial Services: Healthcare

Our experienced team of healthcare specialists understands the needs of the healthcare industry. Our suite of products and services are tailored for doctors, dentists, veterinarians, chiropractors, and other healthcare providers. We will work closely with you to ensure that all of your accounts, comprehensive deposit and financial solutions are designed specifically for your business. We will work directly with you, your accountant or your tax advisor to help simplify the process.

Healthcare Advantage Checking

For healthcare professionals with high volume transactional needs. Free as long as you maintain a minimum collected monthly average balance of $5,000. Other fees may apply. For a complete Schedule of Fees visit one of our local branch offices or call our 24/7 Customer Service Center at 800-522-4100.
  • First 1,500 transactions per month free, $.25 per additional transaction
  • Minimum initial deposit $100
  • No monthly maintenance charge if minimum daily balance is $5,000 or greater; if minimum daily balance falls below $5,000, $50 maintenance charge applies
  • Non-interest bearing
  • FDIC insured
  • VNB EZDeposit (Remote Deposit Capture)

Malpractice Insurance Premium Financing

New Jersey Malpractice Insurance Application
New York Malpractice Insurance Application

Program to help doctors finance the high cost of medical malpractice insurance. These loans are granted on an unsecured basis and may be written for the full amount of your premium.

  • Discounted rate when payment is automatically deducted from a Valley checking account
  • 100% financing available
  • Fixed rate term loans
  • 12 equal monthly payments
  • Simplified application process

Healthcare EZ Line of Credit/EZ Loan (Up to $200,000)

New Jersey EZ Line/Loan Application
New York EZ Line/Loan Application

Valley's Business EZ Line automatically covers overdrafts and cash flow shortages linked to your Business Checking Account. Or apply for an EZ Loan to give you the financial power to expand with great rates.

  • No annual cleanup requirement or prepayment penalties
  • Automatic replenishment of available credit as you repay your EZ Line
  • Special checks to borrow money without overdrawing checking account
  • Comprehensive monthly statements
  • New terms up to 6 years for financing expansion or equipment needs on an EZ Loan

Healthcare Equipment Financing (More than $200,000)

Our Specialists have extensive experience to assist you in obtaining equipment financing. They will work with you to obtain the appropriate solutions for your business.
  • Flexible terms and fixed rates to protect you
  • Frees up working capital
  • Allows customers to take up to 100% financing on equipment
  • For loans less than $200,000 see EZ Loan above

Start-up Practice/Buy-in Financing

Financing to help get your practice up and running. Speak with a Healthcare Specialist to help design a customized solution for you.

Commercial Mortgages & Expansion Loans

New Jersey Healthcare Commercial Mortgage Application
New York Healthcare Commercial Mortgage Application

Valley offers commercial mortgages for both the purchase and construction of your healthcare facility. We are responsive to our customers' needs and focus on establishing long-term customer relationships.

  • Available to developers and owner-occupants
  • Permanent and/or construction financing
  • Refinance current commercial mortgage
  • Leasehold improvement loans for expansion are available

Letters of Credit

Enhancements can be provided for the following:
  • Securitization of leases
  • Economic Development Authority (EDA) loans or bonds
  • New Jersey Healthcare Facility Financing Authority (NJHFFA)
  • Dormitory Authority of the State of New York (DASNY)

Stand Alone Medical Facility Financing

Whether you are starting a new facility or refinancing your existing one, Valley can provide a custom tailored product to meet all of your needs including:
  • Ambulatory Surgical Centers (ASC)
  • Urological Radiation Centers/Intensity-Modulated Radiation Therapy Centers (IMRT)
  • Dialysis Centers
  • Mental Health and Behavioral Not for profit and For profit entities
  • Rehabilitation, Imaging and Adult Day Care Centers
  • Buy-in financing available

Institutional Credits

Valley's experience brings a complete range of services to meet strategic and financial planning needs of long term care providers and acute care facilities.
  • Hospital financing
  • Long Term Care Facilities, including: Nursing Homes, Assisted Living Facilities (ALF), and Continuing Care Retirement Centers (CCRC)

Ancillary Services

Customized products for entities which rely on cash flow from medical reimbursements including:
  • Medical Referral Sources (CPAs, Lawyers, Architects, etc.)
  • Medical Billing
  • Medical Stenography
  • Nursing and Home Health Aid Services
  • Medical Laboratories /Pharmaceutical Research and Development

For more information and a free, no obligation analysis contact:

New Jersey
Brian Tish, Senior Vice President
Phone: 201-599-8876
Fax: 973-956-1063
Email: btish@valleynationalbank.com
New York
Elizabeth Butler, Senior Vice President
Phone: 646-564-7810
Fax: 646-329-0596
Email: ebutler@valleynationalbank.com

To expedite your application for financing, please print, complete the appropriate application and bring it to one of our conveniently located branches in New Jersey, Manhattan, Brooklyn, Queens or Long Island or fax it to one of our regional offices in New Jersey or New York.