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Medical Practice Sales, Appraisal and Financing

Medical Practice Sales, Appraisal and Financing

A practice loan application may have one opportunity to be considered, and approved or denied based on a myriad of factors which must be anticipated in advance. To have a clear picture of the application going into the process it is vital to keep organized financial statements and tax returns. This will allow a loan consultant to preempt possible issues and prepare supplemental information to support the request. A well-formulated business plan and projections may be required as well. Ample time and sufficient documentation are the key components to preparing for a practice loan refinance and debt consolidation as well as other practice financing requests.

 

Written by Transition Consultants

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