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Hi, David Catalano here.
Here are 3 big questions many dentists ask themselves as they build a new office for their practice:
How much financing can I get for my project? AND How much debt can I afford to take on for my project? PLUS Is there a difference between those two questions?
The answer is simply "Yes". Many of our past clients came to us because they did not understand the difference.
Often times lenders are willing to provide financing to dentists without doing the analysis necessary to determine what the borrower can actually afford to pay.
Should you take 5-year equipment financing just because you can get it? Will your lifestyle spending be adversely impacted because of the new financing terms associated with your project? Is your current debt structured in a way that maximizes the additional debt you can take on? How do you maximize your annual debt capacity allowing you to accommodate all of your personal goals like retirement savings or collage tuition costs or just your annual vacation(s)?
These are critical questions that should be asked and answered BEFORE starting a building project. For those dentists who don't answer them beforehand, the answers are always revealed, many times, AFTER they've gone down the wrong path and wasted tens of thousands of dollars on a project they ultimately can not afford or can't find financing for once it's started.
* * * * * * * We have developed a unique process called The Financial Leadership Solution to help solve this issue of financing available versus what can I afford and the difference between them? Copy and paste this link into your browser for an overview: http://www.financegeeks.com/financialleadership.htm
Click here for an overview:
Schedule An Appointment on a Monday or Wednesday
I schedule initial client calls with the intent to determine if it makes any sense for us to work together. If it doesn't, I am totally okay with that. My team and I cannot help everyone. I must feel that we can add value to your life before we will accept you as a client. And you must feel the same.
To schedule a time for a 30 minutes call, please reply to this email or give Meghan a call at 800 800-1776.
Thank you and have a great day!
David Catalano Finance Geeks 9000 Keystone Crossing, Suite 630 Indianapolis, IN 46240 317-581-5664 Office, Extension 20 317-581-1812 Fax 317 694-7417 Cellular |