Based on a true story….
We occasionally have clients approach us for help to secure funding having been let down by their own bank.
A recent example of this is a dentist who owned a 50% share in a dental practice and was seeking funding so he could buy out his business partner and take over full ownership of the practice.
In the first instance he approached his own bank but the request was declined with little or no explanation citing the request fell outside lending criteria.
The client then came to us for help and advice and we were able to prepare a business plan and forecast on their behalf and obtain three separate funding offers at 100% of the asking price!
The proposal has now completed with our client in full control and ownership of his business – whereas some 3 months ago he was at his wits end and thought the only way out would be to sell the whole practice.
This is a prime example of why you should ALWAYS use a specialist independent adviser to work on your funding proposal. By using a broker, you obtain a whole of market overview rather than the thoughts of just one lender.
If you’d like to speak to us about buying a dental practice, whatever your circumstances, please get in touch.
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.
