Start with the way your business receives money
A healthcare practice may carry staffing, equipment and premises commitments while payments arrive through different billing channels. Tax arrears need to be considered alongside the costs of maintaining patient services.
A business loan may address an existing ATO balance, but it must fit the business’s ongoing costs. No industry-specific approval policy, success rate or specialist case study has been supplied for this website.
Bring a realistic forecast to the conversation
Your accountant can help establish the debt and test repayment capacity. Lender criteria differ, and an initial conversation is not a guarantee of funding.
- Describe the practice structure and revenue channels.
- Include equipment finance and payroll obligations.
- Get accountant advice on the relevant GST treatment.
Choose a structure, not just a repayment figure
Secured or unsecured lending can involve different risks, guarantees and costs. Compare the total amount repayable and consider the consequences if trading slows. Where viability is uncertain, ask for appropriately qualified advice before borrowing.
