Last week's ADA Practice Transitions Coffee Talk webinar featured advice on preparing your finances for a practice purchase.
Rob Westhoven, VP and Director of Dental Banking for Androscoggin Bank, explained how banks approach practice sales, including several possible options. He also answered several great questions from attendees about how COVID-19 may change the equation.Watch the replay now to learn:
- 5 typical financing scenarios
- How banks typically evaluate loan applications — and how COVID-19 is changing this
- The differences between financing a startup, an acquisition, or a partner buy-in
- How to build a financing team and application package
Whether you are ready to buy or just thinking about your future, this session can help you prepare.
Be sure to check out the rest of our ADAPT Coffee Talk series. See all upcoming topics and available on-demand recordings, including:
Selling Your Practice in the COVID-19 Era: Advice from Accounting Experts
How to Manage & Retain Staff During a Practice Transition
How ADA Practice Transitions Makes the Process More Predictable — and Successful