In order to keep patients feeling secure in your medical practice space, you may need to add some modern touches. However, since the pandemic, there have been fewer patients than ever and maybe you don’t have the money for updates. It would be nice to surprise them with the latest equipment, though, when the pandemic is over and you have a full schedule every day again.
There is one way that you may be able to do the upgrades you’d like. Doctors, dentists, and others like you in the healing professions may find it hard to focus on the business aspects of their practice when they give so much of themselves to people every day. Luckily, there are companies that specialize in providing loans to those in your profession for anything from improving the waiting room in your medical practice to purchasing a major new piece of equipment. In addition they can consolidate any past loans you may have from previous purchases.
Two kinds of loans that may help you are hard money loans and bridge loans. Hard money loans are granted based on the value of the property your medical practice occupies, not on you, the borrower. Bridge loans are for practices that are in transition, whether moving to a new office or just down the hall. Normal banks are very reluctant to provide such a loan.
Consider using this quieter time to decide what you would like to do with your space. Dream a little: it could be anything from a complete makeover to just one new cutting edge piece of equipment that you’ve been eyeing. Do your shopping first, and then decide approximately how much money you would need to do everything you’d like.
Armed with your choices, you will have a much better idea of the size of the loan you’ll need. Now it’s time to consult and discuss percentage rates and other numbers. If you like what you hear, go ahead and sign. Your patients will appreciate the changes you’ve made for them and that will encourage them to not only keep coming back, but to tell others about your medical practice.
Modern surroundings, including the décor and equipment, will give everyone who enters your space a good feeling about your medical practice, something that people always want, but especially need right now. Make the changes you want now and both you and your practice will display confidence and capability.