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012 - Can Your Practice Afford More Debt? A Guide to Smart Borrowing
Manage episode 477961422 series 3642813
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In this episode of Travis, Can I Have This?, we will tackle a common question for practice owners: “Can I afford to take on more debt?” You’ve got big dreams, fancy lasers, and that cone beam is whispering your name from across the showroom floor. But before you sign on the dotted line, let’s talk about debt. Not the scary kind—but the kind that sneaks up on your cash flow and makes you wonder where your money’s going.
In this episode, we’re digging into one of the biggest money questions dental practice owners face: How much debt is too much?
We break it down into two easy-to-understand numbers:
- Debt-to-Income Ratio (aka, how much of your monthly cash would go in your pocket if you didn’t have those loan payments)
- Debt-to-Revenue Ratio (aka, is your practice a money machine or a leveraged-to-the-eyeballs fixer-upper?)
Plus: real-world examples, danger zones, and what happens when a cone beam becomes a financial anchor.
Debt isn’t the villain here. But it does need a leash.
If you’ve been eyeing new equipment or thinking about financing something big, this episode is your gut check. Let’s make sure your next move is a smart one.
Link to article with chart of metrics https://uluruadvisors.com/how-much-debt-should-you-have-in-your-dental-practice/
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