Practice Finance
There's no doubt that getting finance to buy a dental practice has become a lot more difficult since the credit crunch. While there were previously seven lending institutions, keen to lend at 100% of the purchase price or valuation, there are now only three. However despite the crunch, dentists can still borrow at 100% of freehold and goodwill and with base rates as low as 0.5%, the cost of borrowing is still low.
We've written a guide that covers some of the details you should be considering when you finance your existing practice or if you're buying a practice.
All I ask is that you leave your details so I can track the interest in the guide - you'll need a GDC number, so if you're not a dentist, please call me on 0121 685 5060 and I'll sell you a copy...!