Fierce Practice Management tells physicians that can't or don't want to rely on a hospital for a major purchase to get a bank loan. W. Ben Utley advises them to shop around and let the banks compete but to "just be mindful of politics, saving money and relationships you have." Utley also encourages physicians to have an attorney go over the fine print before signing on the dotted line. "Spending $400 to have an attorney review it to save $5,000 on the loan contract is worth it.”
Read other tips in the article by Debra Beaulieu-Volk.