Struggling to get a bank loan for a practice purchase?
Are you struggling to get a bank loan for a practice purchase?
If so, David Brewer, shares his thoughts on what you could do if this situation arises.
Getting the right bank loan
Dentists often go directly to their own bank for a business loan with the bank rejecting them based on their credit policy.
David Brewer points out that there are currently 14 banks that are lending.
So if one bank is saying no, there are potentially 13 other banks that might say yes.
This is one of the benefits when working with an independent broker.
They work with the whole of the market, their job is to make sure they present your proposal to the correct bank with the greatest chance of loan approval at the best terms.
For more information visit www.ftafinance.co.uk.