A common statement/question we are getting this year is “I am a resident with a lot of student loans, but I would like to start my own practice. Is it still possible to get 100% financing in today’s economy”?
It used to be getting 100% financing to start a practice was as simple as picking up the phone and calling a local bank however, with today’s economy things have changed dramatically. In today’s lending environment you must have strong banking relationship, or have a very strong “asset to liability ratio” in order to get any kind of financing, let alone 100% financing for a start-up Oral Surgery Practice. Banks are requiring borrowers to provide a very detailed, thought out, and thorough business plan outlining to the last detail how their risk-for-lending money relating to the loan request is very, very low.
The Practice Advisory Group has strong banking relationships with both National and Regional banks and is very adept at helping residents, associates, and existing practitioners start or relocate their own practice and receive 100% financing. We help mitigate the risk of the Surgeon and the bank by having a proven team consisting of experts to ensure the success of the project and the practice.
* We help you find the right place to practice through a detailed demographic , competitive, and financial analysis.
* We have teamed up with some of the best, most experienced and knowledgeable architects, engineers, and builders that are licensed in all 50 states.
* We have experts trained in negotiating leases, attorney’s specializing in real estate law and tax-code law and CPA’s, financial evaluators, etc.
* We can provide all the business solutions needed once the doors open such as Billing and Collections, Accounting, Financial Reporting, Human Resources, Accounts Payable, Cash Flow Management, and 401k Management.
If you are interested in starting or relocating your own practice, but have some questions, or are just looking for some assistance, please give us a call or send us an email. You can also check out our website at http://www.practiceadvisorygroup.com.
Respectfully,
Barry Williams
Practice Advisory Group
918.607.0284 Cell
713.624.4203 Office
1.800.398.0433 Fax
Where will Practice Advisory Group be this month?
· August 22nd – August 23rd – Minnesota Review Course in Minneapolis, Minnesota
Where does Practice Advisory Group have projects going on currently?
· Alabama – Starting a new practice
· Massachusetts – Starting a new practice
· Oklahoma – Looking for a new associate
· California – Starting a new practice
· Oklahoma – Relocating an existing practice
· Michigan – Starting a new practice
Monday, August 3, 2009
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