Capital Funding Needs: Pre-Opening, Opening
In order to obtain working capital to start your medical practice, it’s important to specify exactly what that capital will be used for. By defining your needs in terms of pre-opening, opening and ongoing operational expenses, you’ll be able to find a capital funding lender that’s right for you. During pre-opening, you may need capital […]
Types of Commercial Loans for Buying a Commercial Condo
Are you ready to purchase a commercial condo for your medical practice, but don’t have hundreds of thousands of dollars to invest? You’re in luck. For new and growing medical practices, there are a variety of commercial loans available to help you get your practice up and running, or to help a growing practice thrive […]
Life Insurance
Life insurance is not just one more expense to add to the many expenses of running your own medical practice. It’s also not just a way to protect your family in the event of your passing. Instead, life insurance has recently become a financially sound way to protect your assets. In other words, life insurance […]
Finding A Payroll Company
As a medical entrepreneur with a new practice to run, the last thing you should be worrying about is managing payroll. A medical payroll company can take this administrative task off of your plate, freeing up your time to focus on your patients and running your practice. Finding a payroll company may seem overwhelming, but […]
How To Structure Practice Banking
The way you structure your medical practice’s banking will depend on the size of your practice, number of employees, and need for credit and cash flow assistance. Steer clear of regular small business banking and opt instead for a bank that has a dedicated medical practice banking program. Choose a business checking account that offers […]