Читать книгу Building or Refreshing Your Dental Practice - American Dental Association - Страница 27

LEARNING OBJECTIVES

 Manage your financial profile to help qualify for preferred loan amounts, rates and terms

 Understand the financial implications of a practice construction, expansion or remodel project and how to calculate whether your practice can absorb your project costs

 Compare financing options and understand the differences between conventional practice financing, Small Business Administration loans, and specialty lender financing

 Differentiate types of lenders and the approaches they use to make credit decisions

 Identify the tax programs that can help maximize your project investment

Perhaps the most exciting aspect of designing your dental practice is watching your vision come to fruition, with the exact ambience, equipment and technology you prefer. But getting there requires the disciplined work of financial planning — the careful investigation of all financial aspects of your project in order to produce a realistic design plan and budget. Sound dull? It’s not! Because a careful financial planning process is the beginning of making your dream practice a reality. As you put your financial plan together, the question of whether you can afford this kind of project is definitively answered. You learn about the financial implications of a remodel versus rebuild, the types of loans that are available, how to calculate the amount of debt your practice can manage, and much more. And it all starts long before your project manifests a single blueprint — with a strong financial profile that positions you for maximum leverage with your lender.

NOTE: All financing is subject to credit approval, and if applicable, determination of SBA eligibility.