http://www.careermedicine.com/2007/08/starting-a-medical-practice-getting-financed-and-the-secret-of-opm/ Physician Job site run by Physicians! Fri, 18 Nov 2011 03:41:10 -0400 http://wordpress.org/?v=2.8.4 hourly 1 http://www.careermedicine.com/2007/08/starting-a-medical-practice-getting-financed-and-the-secret-of-opm/comment-page-1/#comment-135 Starting a Medical Practice: to Lease or to Buy the medical office | CareerMedicine.com Thu, 21 May 2009 23:26:05 +0000 http://www.careermedicine.com/2007/08/starting-a-medical-practice-getting-financed-and-the-secret-of-opm/#comment-135 [...] you have funding. Lets start spending it. But carefully! Remember you have to return the OPM after you use it. Should you buy an office space right now or lease a medical office space. If you [...] [...] you have funding. Lets start spending it. But carefully! Remember you have to return the OPM after you use it. Should you buy an office space right now or lease a medical office space. If you [...]

]]> http://www.careermedicine.com/2007/08/starting-a-medical-practice-getting-financed-and-the-secret-of-opm/comment-page-1/#comment-12 Dr.SSG Mon, 01 Oct 2007 04:22:17 +0000 http://www.careermedicine.com/2007/08/starting-a-medical-practice-getting-financed-and-the-secret-of-opm/#comment-12 <p>I agree with Matthias, line of credit is the way to go. Usually the bank will approve you a loan for equipment and other assets. However the interest is charged only on the portion of the loan you are using. So it works as a line of credit anyways. The bank won't let you take the loan out without a bill to prove you bought an asset or equipment with it. Line of credit is also given to a medical practice by the bank for working capital or day to day expenses. The problem with a line of credit is that the interest rate fluctuates with the market rate. The loan amount for secured asset is fixed for a period of time. </p> I agree with Matthias, line of credit is the way to go. Usually the bank will approve you a loan for equipment and other assets. However the interest is charged only on the portion of the loan you are using. So it works as a line of credit anyways. The bank won’t let you take the loan out without a bill to prove you bought an asset or equipment with it. Line of credit is also given to a medical practice by the bank for working capital or day to day expenses. The problem with a line of credit is that the interest rate fluctuates with the market rate. The loan amount for secured asset is fixed for a period of time.

]]> http://www.careermedicine.com/2007/08/starting-a-medical-practice-getting-financed-and-the-secret-of-opm/comment-page-1/#comment-11 matthias muenzer Mon, 10 Sep 2007 20:25:47 +0000 http://www.careermedicine.com/2007/08/starting-a-medical-practice-getting-financed-and-the-secret-of-opm/#comment-11 <p>Hi, why take loan? I prefer a line of credit. A line of credit means you take out as much money as you need at a time and you only pay interest on the money you actually need. Maybe you can do with less than the amount of the loan. Why pay interest on the full loan?</p> Hi, why take loan? I prefer a line of credit. A line of credit means you take out as much money as you need at a time and you only pay interest on the money you actually need. Maybe you can do with less than the amount of the loan. Why pay interest on the full loan?

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