A FUNDAMENTAL ELEMENT OF EVERY PRACTICE TRANSITION
Buyer financing is a concern for buyers and sellers alike. It does not have to stall a transition. Practice Impact works with buyers every day who are purchasing a practice, and we know what independent banks that specialize in practice acquisitions typically look for. We help buyers get organized so they can have a clear, accurate conversation with a lender of their own choosing.
Practice Impact is not a lender and does not make loans. Any financing is between the buyer and an independent lending institution. If a buyer asks, we can help gather and organize the financial materials that buyer will use in his or her own loan application. We do not make the credit decision, and we do not share customer information with lenders for marketing or promotional purposes.
First-Time Buyers ~ You are Financeable.
“Who would ever loan me money with my school loans?”
“Why would I be considered for a loan with my income?”
“How could I possibly be financed without any collateral?”
We hear concerns like these often. Many first-time buyers assume student loans or limited collateral will close the door on ownership. In practice, lenders that specialize in practice-acquisition loans look first at the strength and cash flow of the practice and at the buyer’s projected income. Practice Impact can walk a buyer through that process and help organize documents. The lender makes the loan decision.
