How to Convince a Bank to Lend You Money

Written by Business magazine. Posted in Medical practice financing, Working capital demand loan, Working capital requirements

Small business loan

According to MD News, more and more medical professionals are using practice loans for small business expansion or to either start their own practices, hire more staff, or even to meet long term goals. Whether you need medical practice loans or dental practice loans, one of the most important things you can do to secure a loan is to articulate your need, and have a repayment plan ready for proposal.

A study from Pepperdine University found that the top reasons lenders declined clients were tied between the insufficient amount of the business’s cash flow, or because the company lacked sufficient collateral. This prov