Vets
After-hours shifts, associate income and a practice to run.
Emergency and after-hours shifts, associate arrangements and practice ownership all need to be read properly. I show you how selected lenders will see your position.
Your patients can't tell you what's wrong. I'll make sure the lender understands your income.
The challenges
Sound familiar?
If you're employed (PAYG)
- Base salary and after-hours shifts
- Corporate group employment
If you're self-employed, contracting or an owner
- Associate or locum ABN income
- Practice ownership, goodwill and equipment
How I read your income
Shift income
After-hours and emergency shifts averaged and evidenced.
Associate
Contract and billings reconciled.
Owner
Practice financials read with valid add-backs.
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.
Employment or associate agreement
Payslips or billing statements
Tax returns and practice financials
Registration details
Benefits
What selected lenders may offer
LMI waivers for eligible vets at some lenders
Practice purchase and goodwill finance at selected lenders
Equipment finance sequenced with personal lending
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 |
|---|---|
| Vets never get professional benefits. | Some lenders include eligible vets. Lists vary and policies change. |
| Shift income won't count. | Regular, evidenced shift income counts at selected lenders. |
| You can't fund goodwill. | Selected lenders fund vet practice goodwill, subject to valuation and criteria. |
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.