Practice owners
Your practice is designed to care for patients. Are your facilities?
Goodwill, fit-out, equipment, premises and working capital all compete for the same capital, and your personal finance sits right beside them. I map the whole position before one facility limits the next.
You run a practice and see patients. I'll run the lender side.
The challenges
Sound familiar?
If you're employed (PAYG)
- Moving from employee to owner
- Personal borrowing checked before you resign or buy in
If you're self-employed, contracting or an owner
- Practice financials and add-backs
- Goodwill, fit-out, equipment and premises
- Facility reviews and restructures
How I read your income
Practice financials
Profit, cashflow and add-backs read in context, not just from the tax return.
Owner position
Personal income, assets and commitments alongside the practice.
Facilities
Pricing, covenants, GSA and cross-collateralisation mapped.
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.
Practice financials and BAS
Purchase contract or information memorandum
Lease or premises details
Personal tax returns
Benefits
What selected lenders may offer
Up to 100% business acquisition funding and goodwill cash-out at selected lenders, subject to the practice, valuation and credit approval
Up to 100% LVR owner-occupied commercial property at selected lenders, subject to criteria
Fit-out and equipment finance
Facility reviews, and personal borrowing sequenced before the purchase
Eligible professionals at selected lenders only. Criteria apply, policies change, subject to credit approval.
Common assumptions
What you've been told, and why it's wrong
| Told | Why it's wrong |
|---|---|
| A GSA over everything is required. | It is a common starting position, not a universal rule. Security requirements vary by selected lender, facility and credit assessment. |
| The family home is needed as additional security. | It may be requested, but release conditions and alternative security can sometimes be considered, subject to lender criteria. |
| Cross-collateralising keeps it simple. | It can also restrict asset releases and future borrowing. The trade-off should be visible before documents are signed. |
| Buying the premises will hurt working capital. | That is a modelling question, not a rule. The answer depends on deposit, transferred outgoings, facility structure and retained headroom. |
| You can't fund goodwill. | Selected specialist lenders fund goodwill, subject to valuation and criteria. |
Resource
Commercial Rent vs Buy
Compare the rent on your practice rooms with the repayments on a comparable commercial property. All figures are illustrative.
Open this resourceFAQ
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.