Costly Mistakes When Financing Equipment

Proper financing often is the elixir that brings success to your practice and it also has a close relationship to acquiring physical resources that assure a smooth run for your practice. Listen to this week’s episode where Tony Tydlacka, President & CEO of iLeaseWorks shares with you the five costly mistakes you should never make when financing equipment.

Key highlights

• Background on Tony Tydlacka & iLeaseWorks
• The true cost of borrowing
  1. How iLeaseWorks helps doctors to calculate the cost of borrowing
  2. The cost that is involved in that service
• What is iLeaseWorks’ approach when working with customers?
  1. Who do they work with?
  2. What is their end goal?
  3. How do they look at a deal?
• Unraveling hidden charges
  1. Evergreen clauses
  2. Advanced payments
  3. Simple interest rates
  4. APR
• Simple interest vs. APR
  1. Declining principal balance
  2. Importance of getting an amortization schedule
• Advance payment and what is downpayment?
  1. How does iLeaseWorks help doctors by reviewing contracts?
  2. Cost of ownership and cost of borrowing
• Early payouts
  1. Latest practices in borrowing?
  2. Payment penalties

Website: www.ileaseworks.com
LinkedIn: www.linkedin.com/in/tydlacka
Telephone: 612 747 7915

Resources