Panacea Financial

Panacea Financial offers financial services for doctors, by doctors. Medical students, residents/fellows and attending physicians each occupy a unique financial space: despite the opportunity for success, roadblocks like inadequate cash flow, loan debt, and huge upfront costs limit access. So we’ve built a financial company entirely for physicians and physicians in training – tailoring our financial approach and products specifically for you. Our specialized suite of financial products give you greater freedom to forge your future with specially tailored loan and checking/savings options. By reducing financial barriers and burdens, we ensure that all doctors have increased capacity to serve their patients and the population at large. As residents we found it difficult to cover costs of training, interviewing, or even an unexpected life cost without having to use a credit card, ask friends/family for money, or find a co-signer for a high-interest loan. It was frustrating that although we were entrusted with so much in patient care we could not find a lender that could look past our high debt burden, low trainee salary, and limited credit history to see us as a trustworthy borrower. We created Panacea Financial as a solution to meet the specific financial needs of medical professionals including trainees. Our mission is to alleviate your financial concerns, allowing you to practice unburdened. Powered by Sonabank, we offer services in all 50 states, Washington DC, and Puerto Rico.