We speak to dentists daily and one question regularly asked by principles, in particular, is how come I cannot buy my second or third practice when I know friends or colleagues who can – why is that!
Well the answer is simple – they are with the wrong bank, let me explain.
At FT&A Finance we work closely with all the major healthcare banks and know what they will and won’t do. Some are happy with providing you with finance for your first purchase and maybe even your second but you will find that thereafter their appetite diminishes considerably and when you look to expand you will inevitably hit a brick wall and will hear from them comments like:
- “You are at your unsecured limit”
- “Have you more security you can offer”
- “Think a period of consolidation is required”
Sound familiar?
Well there are lenders out there who are very comfortable with entrepreneurial dentists looking to grow and expand their dental practice portfolio. They will not only lend for the actual purchase of goodwill but will consider goodwill as asset which can in turn be used to fund and support further growth.
If you fall into this category please give us a call and we can discuss your requirements.
We are able to source a wide range of innovative and competitive Healthcare Finance packages specifically tailored to, and for, Healthcare Professionals such as:
Remember!
You are in a specialist market so use a specialist broker who understands your sector. With access to major banks and specialist niche healthcare lenders, we know the types of proposals that are synonymous with this sector.
