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