If you are considering getting financing, the following list represents some of the information SNB will review as part of your request to obtain financing:

Personal Financial Data:

• Previous two years personal tax returns
• Personal financial statement
• Personal budget
• Resume

Objectives, Goals and Structure:

• Practice goals, objectives, vision and mission
• Purpose and type of practice.  For example, what type of entity? i.e. LLC, PC, Sole Proprietorship—include filed state certificate, articles, bylaws, operating agreement, tax identification number
• If existing practice, partnership/employment agreement or other legal documents
• If existing practice, provide historical financial information (2 years)

Location and Marketing Strategy:

• Maps, Pictures and Demographic information, i.e. the number of residents and physicians in the specific area.
• Marketing plan - where and how will you market your practice?

Capital Requirements needed to begin practice (Actual Quotes):

• Furnishings
• Fixtures and Leasehold improvements
• Equipment
• Signage
• Supplies
• Working Capital
• Other Permanent Costs

Projections:

• Two years of projected income statements, including projected monthly expenses

Other Legal Information:

• Leases
• Contracts
• Commitment Letters
• Hospital Contracts/ Staff Acceptance Letters

Risk Management:

• Life Insurance in amount of practice debt (at minimum)
• Disability Insurance on Professional
• Business Overhead Insurance