A credit to your clinic: steps practitioners can take towards a good report
Abstract
Having a good credit report can make all the difference when it comes to sourcing commercial funding or being granted good terms from suppliers. Adam Bernstein looks at the steps that clinics can take to improve their standing.
Bread, dough, moolah, dollar, cash—call it what you want—we all have a need for it. While the physical is clearly giving way to the digital, money, as a medium of exchange in whatever form, does make the world go around.
Any business that wants to borrow or buy on the best possible terms needs a five-star rating
The problem is that access can be restricted or carry a burdensome cost if the borrower is seen as risky. Take a mobile phone contract or an attempt to acquire a car on finance. We are credit checked and either approved, rejected or, depending on status, have it granted but on expensive terms. Credit checking available information, which is shared by financial organisations with credit reference agencies.
We know the process as individuals but not everyone appreciates that the same applies to businesses. Quite simply, any business—in this instance, aesthetic clinics—that wants to borrow or buy on the best possible terms needs a five-star rating.
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