Maximum bank loans for practice

[dentite001]

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This is a long way off since I havn't even matriculated yet, but for those of you who are about to graduate it might be of relevance. Just how much will a bank loan you when starting or buying a pre-existing practice. If you go over to dental town you can see existing practices for sale. They range from $50,000 to $2.3 million. After going into debt $250K in student loans, I'm of the mind that the more expensive practices will generate more revenue over the longterm. You might as well make it worth the while. So just how much is a bank willing to loan? Perhaps working as an associate for a few years might help build credit. Thoughts are welcome.

dentite001

 

[3rdMolarRoller]

I forget the name of the lender, but here we had a seminar for seniors and the lender would loan any dentist $300k no questions ask. If you wanted more then that, then they do the whole credit check thing and they make sure you have a good business plan.