The ProspectiveDoctor Podcast

Doc2Doc Lending: A Financial Lifeline for Early Physicians

Dr. Erkeda DeRouen talks to Dr. Kenton Allen, the Co-Founder of Doc2Doc Lending. He also serves as the vice chairman of the Department of Anesthesiology at Wentworth-Douglass Hospital in Dover. They talk about financial situation of physicians and 4th year medical students, and how Doc2Doc Lending can help.

[01:13] Introducing Dr. Kenton Allen

[05:16] Driving Positive Change through Medicine

[09:10] The Financial Struggles of an Early Physician

[12:25] About Doc2Doc Lending

[17:44] Learn about the Business of Medicine

The Financial Struggles of an Early Physician

During residency, Dr. Allen was under a lot of financial stress. The cost of living was expensive in Boston, and he struggled to make ends meet. At the time, he was also paying off his student debt.

To supplement his income, he wanted to get a loan but traditional lending institutions would either reject his application or offer predatory interest rates. Despite Dr. Allen’s promising career trajectory, banks would deem him a risky borrower due to his high debt and low income.

After talking to his peers, Dr. Allen found that this experience was common among early physicians. This was the catalyst for him to found Doc2Doc Lending.

Doc2Doc Lending Programs

Doc2Doc Lending is a lending platform that caters exclusively to doctors and dentists. They recognize that the physician population is less risky, even though banks would disagree. The underwriting is done with a prospective view rather than a retrospective one. Although primarily for professionals, Doc2Doc Lending also helps students transition from medical school to residency through their Match Day personal loan program.

This lending service was made by doctors for doctors, to help ease the burdens of financial stress through easier access to capital and favorable interest rates.

Financial Tips and Learning Resources

Financial literacy starts with good habits. Have a savings goal as early as now to build wealth. Start thinking about your retirement plan and how you can protect yourself from unexpected events. It’s also a good idea to monitor your credit score, as this will dictate interest rates for loans and mortgages. To learn more about financial literacy, the White Coat Investor is a good resource that you can start with.

Fill out a loan application and consult with a doctor at Doc2Doc Lending. You can reach Dr. Kenton Allen by sending him an email at [email protected].

To learn more about how MedSchoolCoach can help you along your medical school journey, visit us at Prospective Doctor. You can also reach us through our social media:


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Erkeda DeRouen

Dr. Erkeda DeRouen is a graduate of Hampton University with a B.S. in Biological Sciences, followed by completing medical school at the Boston University School of Medicine. She then completed residency at The University of Maryland Family and Community Medicine Program. After that, she worked at an underserved community health center, and currently is an Associate Medical Director of a telemedicine company. She recently became one of the first 1,000 lifestyle medicine certified physicians in the world! Her areas of interest include: health equity and eliminating health disparities, service of underserved populations, HIV management, transgender care, mentorship, and lifestyle medicine.

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