LenDRgroup Consulting offers a concierge approach and tailored solutions for you no matter where you are on your practice journey.
You have a clear vision for the future but you need practice financing to help you get there. The problem is, securing practice financing is hard, and dealing directly with banks feels like you're facing an uphill battle from the start. You don’t understand them, they don’t understand you, and you spend hours in a grueling process that may or may not result in a loan approval. And if you're denied, banks may not be able to explain why or give you any advice on how to get approved.
You spend valuable time researching how to increase revenue and how to pass the grueling underwriting process when you should be with patients or at home with your family. It’s frustrating, exhausting, takes all the fun out of building your practice, and it leaves you feeling overwhelmed and discouraged.
There's a better way.
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Starting your Practice
Entering into practice ownership is usually one of the most exciting and the most stressful phases in a Vet's life. When getting ready to build from the ground up or purchase an existing practice, it is important to evaluate the risks and address all aspects associated with establishing a business.
In the startup phase, our most commonly requested services are:
Construction Loans
Real Estate Purchase
Equipment Financing
Affordability Analysis
Strategic Market Analysis
Provider Schedules -
Growing and Expanding
While in growth, practice owners are often trying to identify where their best potential clients come from, how to reach them, or how they can offer more services to their existing client base. The focus is on building up the workload to either fill the schedule of your existing staff or add additional staff and/or services and/or locations to increase revenue and boost your bottom line.
Here are some of our most requested services while in growth:
Real Estate Purchase
Equipment Financing
Line of Credit
Strategic Business Planning
Mergers & Acquisitions
Human Resources Support -
Optimizing your Practice
The goal in this phase is to maximize your practice's potential. The focus is on understanding the key financial numbers that ensure your practice is performing at its highest level – and also the numbers that help you identify problems before they become critical. At this phase of practice ownership, you need to be able to pinpoint your areas of strength – and more importantly, your greatest risks.
Here are some of our most requested services when optimizing:
Debt Refinancing
Working Capital Loans
Line of Credit
Provider Fee Schedules
Budgets and Spending Plans
Performance Monitoring & Reporting
Practice Valuation for Strategic Planning Purposes -
Selling your Practice
In this last phase of the journey, practice owners are rewarded for their years of hard work and their commitment to serving in the veterinary profession. It is also a phase that requires the highest level of planning during your entire veterinary career. In fact, when you’re ready to sell your practice and exit the profession, the five years prior to an ownership transition are critical in maximizing your practice’s value and planning for a seamless transition.
In the sell phase, our most requested services are:
Owner Exit Strategies
Partnership Buy-outs
Practice Valuation
Associate Buy-ins
- Starting your Practice
- Growing and Expanding
- Optimizing your Practice
- Selling your Practice
Starting your Practice
Entering into practice ownership is usually one of the most exciting and the most stressful phases in a Vet's life. When getting ready to build from the ground up or purchase an existing practice, it is important to evaluate the risks and address all aspects associated with establishing a business.
In the startup phase, our most commonly requested services are:
Construction Loans
Real Estate Purchase
Equipment Financing
Affordability Analysis
Strategic Market Analysis
Provider Schedules
Growing and Expanding
While in growth, practice owners are often trying to identify where their best potential clients come from, how to reach them, or how they can offer more services to their existing client base. The focus is on building up the workload to either fill the schedule of your existing staff or add additional staff and/or services and/or locations to increase revenue and boost your bottom line.
Here are some of our most requested services while in growth:
Real Estate Purchase
Equipment Financing
Line of Credit
Strategic Business Planning
Mergers & Acquisitions
Human Resources Support
Optimizing your Practice
The goal in this phase is to maximize your practice's potential. The focus is on understanding the key financial numbers that ensure your practice is performing at its highest level – and also the numbers that help you identify problems before they become critical. At this phase of practice ownership, you need to be able to pinpoint your areas of strength – and more importantly, your greatest risks.
Here are some of our most requested services when optimizing:
Debt Refinancing
Working Capital Loans
Line of Credit
Provider Fee Schedules
Budgets and Spending Plans
Performance Monitoring & Reporting
Practice Valuation for Strategic Planning Purposes
Selling your Practice
In this last phase of the journey, practice owners are rewarded for their years of hard work and their commitment to serving in the veterinary profession. It is also a phase that requires the highest level of planning during your entire veterinary career. In fact, when you’re ready to sell your practice and exit the profession, the five years prior to an ownership transition are critical in maximizing your practice’s value and planning for a seamless transition.
In the sell phase, our most requested services are:
Owner Exit Strategies
Partnership Buy-outs
Practice Valuation
Associate Buy-ins
LenDRgroup provides a dedicated person to navigate the process for you from start to finish and help you find the right financing option for your long-term goals.
We’ve helped veterinarians just like you secure over $300 million in practice loans because we know how banks work, how they think, and we can speak their language to navigate the process with ease.
Healthcare Practice Financing
Rely on our industry knowledge and let us deliver the right financing option for your dental practice so you can move your business forward and meet your goals.
Healthcare Practice Business Consulting
Through our strategic and customized dental practice business consulting services, we assess your practice and evaluate your business and management procedures and processes.
Your path to success in 3 easy steps...
1. Contact us.
Send us a note to share your vision, more about you, and your long-term goals so we can turn them into reality.
2. Get a financial strategy.
We’ll discover your financing options and provide you with a clear path to get the right financing for your needs.
3. Secure your financing.
While you run your practice, we’ll handle the entire application process to get you approved and set up for long-term success.
“As a young dentist, I was faced with unexpectedly losing my job with the practice that employed me and I had nowhere to go. My consultant helped me immensely—they assisted in finding me part-time employment and then convinced me to start my own private practice outside of a pretty restrictive covenant. More than that, my consultant helped me get practice financing, too! Over the course of three years, my overall gross revenue increased from $400K to $1.2M with a 37.7% overhead. Thank you!”
Dr. BV
Eastern NC Area
“Over the years, my dental practice grossed well over $1M annually and had an overhead somewhere in the 40% range. Partnering with my consultant, I was advised to start funding a cash balance retirement plan—and in turn this saved me thousands of dollars each year because I was able to defer large sums of money and plan for my retirement!”
Dr. PD
Eastern NC Area
“I couldn’t give [the group] a higher grade. I have been in practice for 44 years and have traditionally dealt with banks—well, it’s not easy to go this route anymore. Banks don’t look at what I am doing personally [as a dental practitioner], and this makes it hard. You need to have an agent who will represent you and your interests. [LenDRGroup Consulting] understands the broader picture, they were so supportive, and returned calls promptly. They worked hard for me—and that’s hard to find these days.”
Dr. R
Ohio Area
“I was faced with a routine state sales and use tax audit at my OB/GYN practice. The auditor wanted to tax the practice’s sale and distribution of Intrauterine Devices (IUDs) as a taxable item. I worked with my consultant to handle this issue and after several months, the auditor realized their folly. In the end, my practice prevailed and thousands of dollars in sales tax was saved!”
Dr. JF
Eastern NC Area
“I worked with my consultant to identify and begin using an outside billing company to handle patient receivables. It was a great strategy as it improved cash flow from in-house staff by 50% and collected on old receivables that I had thought were long past the point of recovery.”
Dr. JS
Eastern NC Area
“My wife and I really appreciate all of your help through this process. Not the smoothest from our end but indeed you guys really guided us through and made the process easy to navigate. We also really appreciate your assistance with identifying other practices, even though it was not even plan B for us.
We will always refer your services to others and use you guys for any future needs for us.”