Thinking of buying an established vet practice and you need funding?
- Is the purchase price realistic?
- How much can you borrow?
- How much is goodwill, equipment and stock?
- How can my finance be best structured to suit cash flow and maximise my tax benefits?
- How long can I fund for?
Buying into a practice is generally made up of goodwill, plant and equipment and stock. Each component has a different value and should be treated separately so that you can take advantages of any tax benefits.
Thinking of setting up a new practice?
- What is the lending process attached to setting up a business based only on demographics and financial projections?
- How can one raise $500,000 using only the proposed growth of the vet practice as goodwill?
Setting up a new practice might provide significant tax benefits in year one (1) if structured properly with ongoing benefits.
- No real estate property required as security
- Ability to lend up to 100% of your practice purchase price
- No ongoing service fees
- Fixed & variable interest rate options
- Principle + interest & interest only repayment options