The Physicians were looking at an alternative small business loan due to their financial statements not being as strong as the banks want. Their net income was too low. I recommended an asset based small business loan to both. They used their existing equipment assets as collateral.
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i found your blog online and my situation is similar to your post. i am seeking physician funding for my small practice and went to my local bank and they were not able to help me saying my net income was too low.
ReplyDeleteif there is something out there in the form of a small business loan please explain further.