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Approaching the bank
Author(s) -
Matthews Keith
Publication year - 1996
Publication title -
in practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.211
H-Index - 25
eISSN - 2042-7689
pISSN - 0263-841X
DOI - 10.1136/inpract.18.3.135
Subject(s) - apprehension , general partnership , raising (metalworking) , asset (computer security) , business , capital (architecture) , finance , public relations , political science , psychology , engineering , computer security , computer science , mechanical engineering , archaeology , cognitive psychology , history
AFTER qualifying and spending time gaining valuable experience, many assistants eventually decide to reap the rewards of joining a partnership, acquiring an established practice or starting a new business. Whichever the case, the initial excitement will be tinged with apprehension about raising the necessary capital because, although rich in knowledge, the majority may well be poor in asset terms. There are specialist lenders who understand and are equipped to deal with the needs of the veterinary profession, but the traditional lending source is a bank where an account will probably have been maintained since student days. This article discusses what information should be presented to the bank when asking for financial backing.