Finance

Dentists considering raising finance for practice purchases are strongly advised to consider PFM's 'lending report' as a basis for their application. This provides the bank with a financial profile of the purchasing dentist, the practice and how these two will interact.

We will also provide a business plan and projected profit and loss accounts to demonstrate the viability of the practice. This can assist the bank in making a timely decision and can also have a positive effect on the interest rate and terms offered.

Banks will usually require life insurance, income protection and practice expenses (locum insurance) as pre-conditions of your loan agreement. PFM can provide you with expert advice on these insurances and liaise with the bank to confirm when adequate cover is in place.

If you are considering a practice purchase and would like PFM's assistance please complete the contact us form.

Practice Financial Management Limited is authorised and regulated by the Financial Services Authority. The Financial Services Authority does not regulate dental practice services, sales, valuations, taxation and trust advice, will writing, unsecured finance and some aspects of secured finance. For further details about regulation please refer to our regulations page.