No. we do not inform our lenders who we sent your application to.
When the lender requests your financial package they will review your Business & Personal financials to make sure you can afford the new debt you are requesting. Usually lenders prefer startups to continue associating for 2-3 days till you build up your patient base. Expansions they will review your current practice financials to make sure your current practice can pay the new debt of your second location. If you are leasing and looking to own, they will add back your rental income to your "cash
Lenders have a partnership referral program where they will pay us directly once your loan is successfully booked. This will never be added to your loan and they will only pay us once you are closed on the loan and signed on the dotted line.
You will work directly with the lender to make sure you close on time and there are no hiccups. It is in your best interest to have the right team to make sure your LOIs, contracts, Purchase agreements are carefully reviewed by professionals such as attorneys, title, CPA's etc. If you need a referral, we have an amazing network to connect you to the right professional.
That's perfect! They will be able to review your financial package and see what you can qualify for to start looking for your location. We have an amazing network of realtors nationwide that will be able to get you started.
You will ONLY be contacted by our preferred lender we match you to. You will be contacted by more then 1 lender if you chose. It's always in your best interest to review more than one term sheet.
No! a term sheet is not a commitment and lenders know things do come up and you could change your mind and/or you are working with more than one lender.
You can, but I've heard a lot of horror stories. We carefully pick our lenders to make sure you are matched to the right contact and to not waste your time.
SBA is an amazing product backed by our federal government with longer terms up to 25 yrs and 10% down. Don't always believe everything you hear SBA is amazing to work with and have helped numerous clients own the practice of their dreams. Conventional lending is usually up to 20 yrs with 20-30% down. Remember you can always refinance your loan and we can assist you with that!
Yes! We only match you to dental specific lenders.
Any additional questions you have please don't hesitate to contact us!
Please give us an update, we will send you a quick survey to get your feedback and experience. Thank you again and we look forward to working with you!!!
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