Aug 30, 2023
Borrowing money from a community-based bank has distinct advantages over large corporate banks, including looking at the whole person--not just who they are on paper.
In this episode of Private Practices in Maine, Michael welcomes back Rob Westhoven of Androscoggin Bank for part two of their discussion on private practice financing. Rob is an expert in commercial financing, and his expertise brought private practice lending to Androscoggin Bank.
As a Senior Vice President and Director of Dental Banking, Rob
understands the intricacies of private practice financing. Michael
and Rob’s conversation covers why other banks have difficulty
replicating Androscoggin Bank’s lending practices, the role of
“collateral risk” in lending to small private practice owners,
problems you may face when using Small Business Association (SBA)
loans, and the issues that can arise in medical practice lending
while preserving innovation and community assets.
You will not want to miss Michael and Rob’s final thoughts on
private practice lending in a community environment.
In this episode, you will hear:
Resources from this Episode
Connect with Rob Westhoven on LinkedIn - www.linkedin.com/in/robert-westhoven-844aa745
Androscoggin Bank - www.androscogginbank.com
Website - malloyfirmmaine.com
Phone - (207) 333-6700
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Episode Credits
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