Practice Acquisition & Start-Up Financing
You'll face many challenges once you decide to purchase or start your own practice. Financing shouldn't be one of them. With unrivaled experience in optometry practice lending, we thoroughly understand the special requirements and challenges of both buying and starting a practice. Our customized financing programs, business planning tools and network of resources are designed to help ease you into practice ownership.
If you are applying for financing to purchase or start a practice you will need the following:
- Resume/CV Up to date, complete, and accurate
- Personal Financial Statement: Current, Accurate, and Complete
- Review and become familiar with your Credit Report
- Keep a copy of your earning records
- Keep a copy of your productivity reports
- Keep a copy of your most recent 3 years tax returns
The Review of Optometry 2017 Income Survey confirms that location and type of practice matters. The average Full-Time Income by region shows that the Southern Region Leads the way followed by the West, North East, Central, and Mid Atlantic at the lower end. Self Employed Doctors appear to be the highest earners. The average full-time salary in this practice type area Partnership/Group $248,567and Solo $204,516.