praxisinc.com
The Step-by-Step Guide to Buying a Veterinary Practice
Secure Financing
Your Praxis advisor will:
• Serve as a coordinator between both parties and the bank to insure that the buyer's
loan is approved.
• Provide both parties with a note and security agreement, if the seller is to finance part
of the purchase.
• Handle seller loan subordination requests from the bank
• Assist the seller with collecting information required by the bank to approve the pur-
chaser's loan
• Analyze and present the seller's documents required by the bank
• Landlord waivers
• Wiring instructions
• Release of funds approval
• Assist the seller with filling out the bank questionnaires regarding the sellers practice
• Coordinate the bank loan closing with the practice closing
Collect, complete, and
present the necessary
documents required for
financing.
