Connect with us

Headlines

Want to Open an Optometry Practice? Here’s How You Get the Money

mm

Published

on

 

If you don’t have a rich uncle, there’s a few places you can look.

Writing for New Grad Optometry, optometrist Miki Lyn D’Angelo shares how she rounded up the money to recently open her own practice on Long Island, NY. She lists several resources worth exploring – investors, banks, crowdfunding and the Small Business Administration – and explains some of the pros and cons for each.

D’Angelo says she got the dough she needed by obtaining a loan via Bank of America’s Practice Solutions program, which caters to physicians. After she applied for a loan through the program, it took about a month to get approved. Of BofA’s program, she writes: “We set up a project phase of our loan to set up our office and then a line of credit for cash flow once we opened our doors. … To continue making sure you are growing they have you do a monthly ‘Practice Heartbeart’ that gives you a resource to track your expenses, profits, losses, new patients, number of patients seen, etc. They offer you endless support on marketing, networking, and how to improve your business if you are not meeting your targets.”

Read more at New Grad Optometry

Advertisement

SPONSORED VIDEO

Crizal® Sapphire™ HR: Invisible Shield of Protection

Your patients’ main concerns of anti-glare, scratch resistance, and easiness to clean are covered. Crizal Sapphire HR, the latest and most advanced product in the Crizal No-Glare range, is now widely available across lab networks and through all major managed vision care providers. Crizal Sapphire HR is available with Essilor’s advanced lens designs such as Varilux® progressive lenses and Eyezen® enhanced single vision lenses. Click here to learn more. *External laboratory tests and internal technical tests – 2020. Compared to the competitor most known lens-brands by consumers (2019 external brand tracking in 11 countries). The word ’overall’ refers to anti-reflective coatings important criteria, ranked through an external quantitative consumer study – 2019.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Advertisement

Most Popular