Dentists
Associate billings, equipment and a practice of your own.
Whether you're an associate on a percentage of billings or a principal with chairs and goodwill to fund, I read the position the way a lender will.
You're in the chair all day. I'll handle the paperwork and follow-up.
The challenges
Sound familiar?
If you're employed (PAYG)
- Salaried dentist roles
- Base and bonuses presented properly
If you're self-employed, contracting or an owner
- Associate % of billings through an ABN
- Practice ownership, goodwill and equipment
- Company or trust income
How I read your income
Associate billings
Billings, the associate percentage and net income reconciled.
Practice owners
Practice financials and add-backs read in context.
Equipment
Existing finance commitments sequenced with personal borrowing.
Criteria apply and policies change.
What to have ready
Documents usually needed
I don't give tax or structuring advice. I work alongside your accountant or adviser.
Associate agreement or employment contract
Billing statements
Tax returns and BAS
Practice financials if you own one
Benefits
What selected lenders may offer
Professional LMI waivers at selected lenders for eligible dentists
Up to 100% acquisition and goodwill funding at selected specialist lenders, subject to the practice, valuation and credit approval
Chair and equipment finance
Eligible professionals at selected lenders only. Criteria apply, policies change, subject to credit approval.
Buying or running a practice? See practice owner financeCommon assumptions
What you've been told, and why it's wrong
| Told | Why it's wrong |
|---|---|
| Associates can't get professional benefits. | Selected lenders extend benefits to eligible dentists, including associates. Criteria apply. |
| You can't fund goodwill. | Selected specialist lenders fund goodwill, subject to valuation and criteria. |
| You need two years of ABN history. | Selected lenders have no minimum ABN history, while other documentation criteria apply. |
FAQ
Questions about this position
General information only. It does not consider your personal circumstances. Eligibility, loan-to-value limits, professions covered and lender policies vary and change. Subject to lender credit approval.
Put the real numbers in front of you.
I'll read the position, show the calculation and explain the trade-offs, no guesswork, no rework.