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Business Loan | Commerical Financing | Equipment | Merchant Services
No matter where you are in the growth of your practice, it’s important to choose the right financing. At Bank of America Practice Solutions, we’ve been helping medical professionals achieve their goals for more than 20 years.
Our all-inclusive financing covers all of your needs — from office design and equipment installation to training, supplies and even working capital. We offer the following types of loans:
Optometrist Loan: Up to $5 Million
✅ Cold Start-up | Practice Purchase Loan
✅ Express Equipment Loans & Upgrades
✅ Commercial Real Estate (Conventional and SBA) + Flexible Terms 7-20 Years
✅ Renovations | Expansion Additional Locations
✅ Merchant Services Directly by BofA.
✅ Primarily all our loans are conventional financing, but we also offer SBA financing if needed (conventional financing offers lower rates & faster closing)
✅ Flexible terms on loans between 7 – 20 years with industry low rates
Location Requirements: Eligible in all States
Contact: Michael Smith | Michael.Smith-11@Bofa.com | (480)-486-8912
GSRx is the only value-engineered lens and coating expert that gives progressive, independent optometrists liberation from overpriced suppliers.
As a partner of GSRx through ODs on Finance, you’ll have access to
- ✅ Savings of up to 40% on premium products: All-in-one pricing across all materials with the aura™ portfolio of ultra-premium, free-form lenses with epik™ ND4™ pupil-optimized correction technology.
- ✅ Superior product technology: Premium lens, coating, and material technology with no hidden charges for things like power or prism.
- ✅ The best team on the planet: Experienced Customer Service and Partner Advancement teams located in the lab, dedicated reps in the field, and access to owners.
- ✅ Exclusive offers: Rebates on all products including VSP; and, incentives for uncut accounts.
- ✅ And so much more!
📧 Contact: Keith Posin, President | firstname.lastname@example.org | (800) 833-4779
🖥 Schedule a Free Consult Online Today
Specialty contact lenses provide an amazing service to patients in need and also garner high out of pocket and insurance reimbursement payments. In order to truly become proficient with specialty contact lenses, we will learn about what conditions are best served with which specialty lens, how to fit these lenses and how to properly bill and code to achieve maximum profitability.
✅ Hour 1 -WaveFront Aberrometry in Clinical Practice (COPE Accredited #82932-GO) | Christine Sindt, OD, FAAO
✅ Hour 2 - Complex Corneas & Complex Practice Modality: Simplifying Medical Contact Lens Practice Into Simple YES/NO Scenarios (COPE Accredited #82622-PM) | Randy Charrier O.D., FAAO
✅ Hour 3 - Billing and Coding for Specialty Contact Lenses (COPE Accredited # 982685-PM) | Stephanie Woo, OD
✅ Hour 4 - Molding The Way You Think About Scleral Lenses (COPE Accredited #82668-CL) | Michael Wong, OD
ODs on Finance Member Rate: FREE | Recording will be only be available to registrants for 2 weeks
Overview: He’s back. Emerging from the hellfire cast upon him by a greedy vision care plan company, the Phoenix of Optometry emerges from the ashes of poor reimbursement with another exciting and lucrative look at growth strategies. Specifically, Will will dive into high level billing that can help your practice unlock a widening scope and in turn widening revenue. Additionally, Will will give us a look at strategies he has used to expand from one practice to seven practices over the course of two years. Strategies that will be taught:
✅ Advanced Vision/Medical Billing Tips
✅ Strategies For Growth + Revenue
ODs on Finance Member Rate: FREE | Recording will be only be available to registrants
Join the Conversation on Optometry's Largest Finance Focused Forum:
The Optometrist’s Guide To Student Loan Refinancing
Optometrists often accumulate multiple loans from federal and private lenders to fund their doctor education, which results in an average debt load of $220,000. The majority of these loans are federal loans which have an average interest rate of 5.5-6.8%.Then the majority of doctors will end up refinancing their student loans to save thousands of dollars in interest. Here is your comprehensive guide to the student loan refinancing process and understanding how underwriting works.
5 Big Challenges of Out of State Rentals & How To Overcome Them
If you are reading this, chances are that you have realized how lucrative the rental property market can be. Rentals can serve as a great source of passive income, but they certainly are not without risk. One strategy for decreasing your risk is to diversify your rental portfolio by investing in out of state properties. However, out of state investing is not without its own challenges. Let’s look at the 5 biggest challenges for out of state investing and how to address them.
The Optometrist’s Guide For Health Insurance
Mortgages, car payments, loans – what do these have in common? Well they are all high cost bills on your plate. There are options so your health insurance doesn’t have to be another one. When it comes to health insurance, it’s much better to have it and not need it, than need it and not have it. Here are some great tips on how an optometrist can shop around for health insurance
3 Tips on How To Ask For an Optometry Raise
Associate ODs usually have an income ceiling that is difficult to reach and rare to break through. This article will tackle a challenging topic that is rarely discussed and can help employed ODs make the most of their income potential – how to ask for a raise. Here are three tips
Four Major Benefits of Investing in Out of State Rentals
If you’re reading this article, you most likely live in a state that has a high cost of living and home prices are skyrocketing at a pace that makes little sense in investing for cash flow. You’ve wondered how you can also own rental properties and enjoy the sweet success of passive positive cash flow that isn’t possible where you’re at. We’ll talk more about the disadvantages in a follow up article, but for now, we will dive into four major benefits of investing in rental properties out of state.
7 Optometry Student Loan Updates Before End of 2022
I cannot believe that it is the end of 2022. It has definitely been a crazy past 2 years with a lot of ever-changing federal legislations regarding student loans. As we approach the federal 0% interest benefit expiration date on January 31, 2022, here are some 7 new updates in the world of optometry student loans.
Three Important Tax Facts for Optometrists Investing in Cryptocurrency
For the past two years, as we have been in the middle of a global pandemic, many Optometrists have become interested in cryptocurrencies. This article will explain some of the basic questions you may have about cryptocurrency from a tax point of view.
10 Reasons For Optometrists to Invest in Apartment Syndications & 2 Reasons to Not Invest in Apartment Syndications
When we started New Sight Capital, we set out on a mission to share the unique opportunity of apartment investing with our fellow optometrists. The challenge: not many ODs have ever heard of apartment syndications. In short, an apartment syndication is the pooling of collective capital from investors in order to acquire an apartment complex that would normally be reserved to larger, institutional investors. Although syndications have been around for years, they’ve typically been an instrument of very wealthy or well-connected accredited investors. We are setting out to change that by bringing syndications directly to the optometric community.
What Happens to My Optometry Student Loans if I Die, Become Permanently Disabled, or Become Bankrupt?
Optometrists graduate with an average of $200,000+ in student loan debt, usually at a federal interest rate of 6.8%.. It is no wonder why many optometrists are worried about not being able to pay off their massive debt if they are unable to take home a large doctor’s salary. Even more fearful, a lot of ODs are worried that their loved ones will be stuck with their debt upon their passing or permanent disability.In this article, we will clear up some misconceptions around student loans (both federal & private) in regards to death and permanent/total disability.
How Dr. Kala Brown Eliminated $180K While Dealing with Husband’s Leukemia in 7 years #InspirationalStudentLoansSuccess
When it comes to loan debt elimination, Dr. Kala Brown Brewer’s story of eliminating $180,000 in student loan debt over 8 years is especially inspiring and heart wrenching. As a newly minted SCO grad in 2013, Kala first did a residency and then embarked on a career at an ophthalmology practice in North Carolina. Upon arriving at her new job, Kala found out that her husband had a relapse of leukemia.
3 Bookkeeping Don’ts + 4 Do’s for Optometrists
At For Eyes Bookkeeping, we always end things on a positive note. So today, we’ll begin with some of the most common mistakes Optometry practices make when it comes to bookkeeping. Then, we’ll show you some of the key ways to fix these mistakes!
6 Due Diligence Tasks to Perform when Purchasing Rental Properties
Investing in rental properties can have a lot of exciting moments; however, one thing that people will never claim to be enthralling is performing their due diligence…Due diligence essentially refers to ensuring that you know everything possible about a property before signing on the dotted line. In this article, I will discuss due diligence, breaking it into tasks prior to making an offer and those done after your offer is accepted.
6 Massive PSLF Changes + 3 Student Loan Tips for Optometrists
On Wednesday Oct 6, 2021, the US Department of Education announced a massive overhaul to their 10-year Public Service Loan Forgiveness Program, essentially affecting all optometrists working for non-profit clinics like VA, IHS or non-profit universities.
3 Important Steps to Do Due Diligence For a Successful OD Practice Purchase
Purchasing a practice is an exciting yet daunting process for both new grad and seasoned optometrists alike. One of the reasons purchasing a practice is so daunting is due to the uncertainty that comes with becoming the new owner of an existing business….Due diligence methodology for purchasing an optometric practice has been nearly universally defined by prominent valuation experts in the field. This is the 3 methodology that we will be discussing.
8 Dos and Don’ts When Purchasing an Optometry Practice
Practice ownership is often heralded as one of the pinnacles of an optometric career. Having ownership of a practice often allows for higher income, and more importantly: freedom and autonomy to practice as one sees fit. In my career, I have had the privilege of buying my own practice as well as helping others through the buying process… So whether you are a newly minted graduate looking to begin your legacy, or you are a seasoned veteran looking to acquire another piece of your empire – use these points to help guide you towards your next big purchase.
For questions, please reach out to Aaron and Dat at Admin@ODsonFinance.com
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