DWI CPD Test: Can I Borrow 100% Of The Money Needed To Buy A Dental Practice?

1. Why might a bank agree to lend 100% of the purchase price?

Dental practices are seen as low-risk, stable businesses

Dentists have free equipment

Practices don’t need profit

It’s required by law

2. What do lenders usually assess before approving a loan?

Number of chairs in the clinic

The practice’s paint color

The buyer’s creditworthiness and experience

The dentist’s favorite hobby

3. Why is having a business plan important?

It shows how the practice will be run and repaid

It helps decorate the office

It impresses patients

It replaces financial checks

4. What is one way to make a loan application stronger?

Ignoring bank feedback

Getting professional financial advice

Guessing income numbers

Using personal savings only

5. What is a typical condition of 100% financing?

No financial history

Low patient satisfaction

Poor location

Strong cash flow and good practice performance