428: The Ins and Outs of Applying for Finance

The Savvy Dentist

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12M ago 34:44

MP3•Pagina principale dell'episodio

In this episode of The Savvy Dentist podcast, Dr. Jesse Green chats with Senior Relationship Manager at Medfin, Ian Walsh.
Whether you are looking to buy a commercial property, or to buy a dental practice, or looking to buy second practice or refinance your current business, Ian talks through the general principles around Finance approvals.

[4:39] - What have been the changes over the last few years that have reshaped the requirements in terms of lending and giving business finance?
[10:19] What is the anti-money laundering legislation and the anti-terrorism legislation?
[14:27] - How many years of tax returns and financial records must we keep on file?
[18:59] How much collateral is enough to borrow?
[21:42] - How to best manage your tax liabilities.
[23:06] - What legal documentation do the banks require to satisfy their business borrowing criteria?
[28:04] - How do the banks evaluate a Dental Practice Business?

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