Funding your dental practice purchase
When you're buying a dental practice, you'll need to consider many factors. As independent advisors, we can help you explore all the lending solutions that banks and building societies offer to fit your unique needs.
STAGE 1 - Review current assets and liabilities
By understanding the individual's current financial situation, we can determine how much more money they can borrow.
STAGE 2 - Finding a dental practice
After you find a dental practice you're interested in, we will research the practice to find out if it's a financially viable option for you. This will give you confidence that you won't lose your deposit to a broker if the banks won't fund the deal.
I have found a dental practice I like
STAGE 3 - Supply details and accounts of dental practice found
In order to get a loan to purchase a dental practice, you will need some paperwork. Henry Schein Finanial Services will help you compile and send your application package to the bank..
STAGE 4 - Create business case package and approach 14 banks for best deal and rates
As part of their business case, Henry Schein Financial Services creates a full financial snapshot of your current situation and what it will look like under new ownership. This is sent to the banks along with all other documentation required to source the required funding.
STAGE 5 - Review insurances required by banks and put these in place
When you buy a dental practice, the bank requires that certain insurance policies be in place on the day of completion. Henry Schein Financial Services will review your situation and recommend the right coverages to satisfy the banks requirements.