Any bank considering a funding application will focus on 2 key areas before undertaking any loan assessment:
The buyer
The subject business
The bank will look for evidence of both your clinical and managerial experience and will want to see your CV, details of your prior earnings, bank statements and asset and liability profile.
They will then focus on the subject Practice you will be buying. Sight of the most recent accounts, up to date MI and ultimately a business plan & Profit/Loss forecasts based on your proposed working arrangements to gauge whether it is a viable business proposition.
If you’d like to talk to us further about what’s needed, please give call on 0330 088 1157.