SBA 7(a) Loans up to $500k Now Available

Business Insights

Meet Dr. Ashok Mehta – SimplyCare

Julia Lukicheva
4 Minutes to read
"Who works around the clock to get their customers funding? NEWITY people.”
Dr. Ashok Mehta
Owner of SimplyCare

A medical practice that patients have been visiting for 25+ years and still say it’s the only place they trust with their healthcare needs. Often described as always being heard, understood, and treated with the best bedside manner, it’s no wonder why this healthcare facility continues to exceed all expectations.

Dr. Ashok K Mehta is the proud owner and primary care physician at this office called SimplyCare. It is a top-rated primary care practice serving patients in Mt. Juliet, Tennessee. The practice offers many services for patients of all ages, including telemedicine, immigration physical exams, internal medicine, annual physical exams, and treatment for high blood pressure, diabetes, asthma, high cholesterol, and much more.

SimplyCare’s team of highly skilled nurse practitioners and medical assistants are dedicated to providing patient-centered care. Dr. Mehta always works hard to make sure that the correct diagnosis is made. With the right diagnosis, patients can get the treatment that they need promptly. Whether patients need something as simple as a basic check-up or they need more immediate care for conditions like asthma, Dr. Mehta and his team of providers are ready to help.

Dr. Mehta remembers that, “when COVID hit, nobody was prepared.” The government provided a lifeline through its Paycheck Protection Program and Dr. Mehta was quick to seize the opportunity to secure funding for his practice. This is how Dr. Mehta first started interacting with NEWITY, as the NEWITY team helped him complete SimplyCare’s PPP forgiveness application.

Following PPP, when Dr. Mehta needed additional capital to keep his office open, he knew who to contact. NEWITY promised the team would have an answer on his SBA 7(a) loan application within two business days; Dr. Mehta initially thought it sounded too good to be true, wondering what was the catch when banks gave him a four week timeline? Sure enough, NEWITY provided Dr. Mehta with an answer within two days and SimplyCare received an SBA 7(a) loan within a few weeks. Working with NEWITY provided Dr. Mehta with additional capital to keep his practice operating so he can focus on what truly matters, caring for his long-standing patients.

To qualify for an SBA 7(a) small business loan, your business must be:

  1. U.S.-based and operated
  2. Owner supported / owner funded
  3. Eligible per the SBA’s requirements

Your loan amount will determined by the business’ average annual revenue, FICO score, and years in business