Our History
The Great American Health Bancorp is a professional services company that provides healthcare related businesses with a range of funding solutions tailored to meet your unique needs. Founded with a focus on supporting the growth and development of small to medium-sized practices and/ or hospital(s) in the Southeastern United States. The business has grown to become a trusted financial partner for healthcare related companies.
Founding and Early Years
Formerly known as Carolina Piedmont Capital, Healthcare and Dental Financing, the company was founded in 2008 by Stuart D. Anderson and a group of financial professionals with deep roots in the banking and investment sectors. The founders recognized a gap in the market: many medical businesses, particularly smaller businesses needing growth capital were struggling to secure the financing they needed to grow. Carolina Piedmont Capital was established with the mission of providing flexible and accessible financing solutions. The company’s initially focused on asset-based lending, offering loans secured by a practice’s assets such as accounts receivable, inventory, and equipment. This approach allowed the banc to provide capital to practices that might not qualify for traditional bank loans but had valuable assets that could serve as collateral.
Growth and the Covid-19 Pandemic
As Carolina Piedmont Capital, Healthcare and Dental Financing gained a positive reputation, the company began to expand its offerings. Recognizing that medical professionals have diverse needs, the company introduced a variety of specialized financial products, to include factoring, mezzanine financing, commercial real estate and practice brokerage services. This diversification allowed Carolina Piedmont Capital to provide a broader range of services.
The recent Covid-19 pandemic wrecked total chaos on the company. Banks and lenders began to tighten lending requirements as loans became tougher to qualify. Traditional lenders began to restrict lending request , and only accept request from their prior and internal customer(s), thus disqualifying any new third-party referrals. Our business took a sharp downturn during the chaos of the Covid-19 pandemic and Carolina Piedmont Capital, Healthcare and Dental Financing eventually had to close its doors.
Strategic Partnerships and Innovation
In 2024, Carolina Piedmont Capital reformed and re-emerged under the new name of The Great American Health Bancorp and gained new strategic partnerships with larger financial institutions and private equity firms. These new partnerships enable The Great American Health Bancorp to offer more competitive rates and customized solutions, leveraging the strengths of all parties to better serve our customers.
Innovation has always been a cornerstone of The Great American Health Bancorp’s approach. The company was an early adopter of technology in the financial services industry, utilizing advanced analytics and data-driven decision-making to assess risk and tailor lending solutions for today’s healthcare professional. This commitment to innovation has allowed our company to stay viable and competitive and continuously improve our service offerings.
Current Position and Future Outlook
Today, The Great American Health Bancorp is recognized as a provider of healthcare related business financing resources in and around the Carolina’s. Our company continues to grow, driven by a team of experienced professionals who are dedicated to helping practices and hospital(s) alike, achieve your financial goals. With a focus on innovation, customer service, and community engagement, The Great American Health Bancorp is well-positioned to continue these successes in the years to come.