Thursday, October 16, 2014

Chiropractic practice funding allows you to relocate, expand and receive bridge capital.


The general rule of thumb for many years for chiropractors was to go to bank for financing. In the current economy this has changed. Many dentist now are learning that capital may be obtained through alternative means either through small business loans, factoring or leasebacks.
For years chiropractors relied on the relationship they have had with their local bank. Due to mergers, closings and a poor economy, many of the relationships have been severed leaving the chiropractors needing funds but really no where to turn. This was very difficult when working capital was needed for expansion or relocation and other things needed to run a practice. 
In the past a chiropractor may have been friends with a commercial banker or one of the managers based on previous dealings they may have had. Now due to layoffs the contact person may no longer be working at that particular bank and now the individuals in charge have no relationship and may judge the client based on credit score alone.
In some cases where the chiropractor may have marginal credit they may be turned down for a loan even though a few years ago they may have been approved by that particular bank or one the bank they now have to deal with was purchased by.

The good thing is now many alternative funding sources sources exist that allow businesses to receive additional funding that may be used for any purpose. Chiropractic practice loans are a great way to make this happen. 
Small Business Loans Depot specializes in a program which generates cash for small businesses using their current used equipment assets. This is ideal for dentists looking to expand or hire new staff or purchase equipment.
The process involves using many types of equipment assets common to businesses as collateral. Up to 80 % of current value of equipment may be obtained.
We offer a fast, easy and convenient way to obtain capital with typically a one page application and there are significant tax advantages. The equipment will remain on the owner's property and the funds may be used for any purpose.

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