{"id":123,"date":"2017-06-18T06:35:03","date_gmt":"2017-06-18T06:35:03","guid":{"rendered":"https:\/\/cp2.therasoftclients.com\/TSBLOGTT\/?p=123"},"modified":"2021-11-25T06:46:46","modified_gmt":"2021-11-25T06:46:46","slug":"how-to-finance-your-private-practice-an-overview-of-funding-options","status":"publish","type":"post","link":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/how-to-finance-your-private-practice-an-overview-of-funding-options\/","title":{"rendered":"How to Finance Your Private Practice – An Overview of Funding Options"},"content":{"rendered":"

How to Finance Your Private Practice – An Overview of Funding Options<\/strong> <\/h2>\n

Are you looking to start your own practice and wonder how you could afford it? Starting a private practice requires a substantial amount of start-up investment, which will then pay off in the long run.<\/p>\n

<\/p>\n

You will have to buy things like medical equipment, office furniture, and pay the bill for the office space.<\/p>\n

There are several funding options available if you don\u2019t have the start-up capital sitting in your account (as most people don\u2019t).<\/p>\n

\"How<\/p>\n

An Overview of Funding Options <\/em><\/p>\n

Funding Options for Starting Your Private Practice:<\/h2>\n

Line of Credit<\/h3>\n

A loan that gives you access to a specified credit limit; property used as security, withdrawals can be made up to the agreed limit <\/p>\n

Overdraft<\/h3>\n

Similar to line of credit, but attached to an existing account; once you have withdrawn all the funds from that account, the overdraft kicks in until a specified limit is reached. <\/p>\n

Chattel Mortgage<\/h3>\n

This is when a finance company provides funds to you to purchase an asset (e.g. medical equipment) and also takes out a mortgage to secure the loan; you make regular repayments and gain full ownership and title to the asset once the entire value is paid off <\/p>\n

Finance Lease<\/h3>\n

This is an arrangement between the lessor (owner) and lessee (user) where the owner rents an asset to the used for a period of time; the user then pays rent throughout this period; what happens at the end depends on the agreement, but ownership transfer to the user is possible <\/p>\n

Which one of these options you pick depends on your personal circumstances and is usually contingent on your wealth, credit rating and income.<\/p>\n

Each of these finance options have their advantages and disadvantages. It is important you decide which one is best for you, to start up your practice right and set a healthy financial standard from the very start.<\/p>\n

Let Therasoft minimize your expenses-<\/p>\n

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How to Finance Your Private Practice – An Overview of Funding Options  Are you looking to start your own practice and wonder how you could afford it? Starting a private practice requires a substantial amount of start-up investment, which will then pay off in the long run.<\/p>\n","protected":false},"author":2,"featured_media":245,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[28,29],"_links":{"self":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts\/123"}],"collection":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/comments?post=123"}],"version-history":[{"count":2,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts\/123\/revisions"}],"predecessor-version":[{"id":428,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts\/123\/revisions\/428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/media\/245"}],"wp:attachment":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/media?parent=123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/categories?post=123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/tags?post=123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}