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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 | email@example.com | (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:
3 Optometry Job Contract Red Flags to Watch Out For
Reviewing contracts can be tedious, challenging, confusing, and flat out exhausting. However, the contract review and negotiation phases of the career search journey are arguably the most crucial steps in the entire job search process. This could set you up for huge financial success early on in your career, or it could keep you stuck at an office where you would rather not work any longer out of fear of breaching your contract. We tend to focus on compensation because it’s easier for us to understand as compared to legalese. However, I would argue that the non-salary contractual items are equally, if not more, important than wages. This article will briefly discuss three non-salary red flag items to be aware of during your contract review.
7 Takeaways for Optometrists From Biden’s Extension Of Student Loan Relief
Last Friday afternoon, Biden announced that he will extend the student loan moratorium (which was supposed to expire at the end of September 30,2021) to a new date of January 31, 2022. Benefits include suspended payments (forbearance) and frozen 0% interest from March 2020. While there are a lot of moving parts, here is what you should be aware of if you are an optometrist with federal loans:
6 Ways Optometrists Can Reduce Disability Insurance Premiums
In today’s world there are so many things we need to get in place to help protect ourselves and our families; yes, optometry disability insurance is one of them. Here are 6 ways optometrists can reduce disability Insurance Premiums
7 Ways to Buy Your First Home with an Investor’s Mindset
In March 2021, my fiance and I made the largest purchase of our lives, we bought our first home in the Bay Area CA, specifically in the East Bay Area. No, this article isn’t about us celebrating the idea of having our “forever” house, but more about the vital decisions and mindset that we had to enforce to start building our RE Investing portfolio. Here are 7 strategies on how to buy your first home with an investor’s mindset.
7 Updates on Managing your Student Loans in Mid-2021
We are halfway through 2021 and close to 1.5 years since the COVID pandemic lockdown; but most importantly, we are approaching the end of the federal 0% student loan interest relief (set to end September 30th). Here are 7 important updates in the world of student loans to help every OD be financially successful!
5 Tips for Avoiding an IRS Audit For Optometrists
While an IRS audit can happen via random selection, in many cases, it’s the actions of the taxpayer that trigger the audit process. And that’s why we put together this helpful guide—outlining five common red flags. Understanding these triggers can save you a lot of potential trouble and anxiety.
How Much Profit Should Rental Properties Generate?
For real estate investors, the ultimate goal is obviously profit. However, one of the most common questions people have when considering investing in a rental property is: how much profit should expect? This article will help you to estimate your potential profit on a particular property investment. There are a number of variables that should be considered whenever estimating profit. It is also important to remember that every market is somewhat different. However, ultimately, there are a handful of core questions that can be asked to help estimate potential profit.
Boosting In-Office Revenue (Virtual Webinar)
Growing a practice and keeping it profitable requires an ever evolving mindset that embraces both technology and creativity. In this panel discussion with industry experts Dr. Ryan Gustus, Perry Brill and Steve Alexander; we discuss implementation and execution of strategies ranging from materials sales to insurance. The following key questions and points are covered: Speakers…
Ten Things Every OD Should Know About Crypto
As a company and forum founded in the fundamentals of investing, ODs on Finance has always sought to educate its audience on tried and true, historically and statistically proven investing strategies. However, in the modern age we are living in, the landscape of investing is changing. The relatively new asset class of cryptocurrency has raised a conundrum of mixed opinions and for good reason. While cryptocurrency as a whole lacks intrinsic value, and is tough to justify as an investment (based on the traditional definition of an investment); its wild volatility fueled by speculation has the capacity to make individuals extremely rich or dirt poor.
8 Financial Mistakes that New Optometrists Make
The average new optometrist graduates at an average age of 28 year old (significantly behind non-OD peers in terms of income generation), with an average student loan debt of over $220,000+, with little or no retirement investments. Often new grad optometrists find themselves practicing in oversaturated cities and most importantly without any formal financial education. This is the perfect storm that often leaves many doctors mentally overwhelmed and prone to devastating financial mistakes. In this article, we will address 8 common financial mistakes that new OD graduates make and how you can avoid them to be financially successful.
5 Things to Avoid During Your Career Search
We’re well into 2021, which means that we’ve moved past the dreaded year-that-shall-not-be-named and fourth year optometry students are nearing the finish line. The end of the school year means that most OD students have jobs lined up, are in the interview process, or are currently applying to jobs (at least they should be!). In the spirit of beginning the journey that is our optometric careers, the ODs on Finance team and I have come up with a brief article that highlights a few “DO NOTs” of the job search and how to address them.
ETFs vs. Mutual Funds
Wouldn’t that be great if investing was as interesting as a pay-per-view UFC fight? Sadly, this is not the case. Investing is far more boring, and unless you give up a pretty penny, we don’t anticipate Joe Rogan will be providing color commentary on your trades and unrealized gains.However, now that we have your attention with a cheesy two paragraph intro, let’s go through a two minute education on the difference between an ETF and an Index Mutual Fund.
America Rescue Plan Stimulus Bill: Five Student Loan Updates
On Wednesday March 10, 2021, the House approved President Biden’s $1.9 trillion stimulus bill called the “American Rescue Plan”. The legislation is one of the most sweeping economic recovery plans in the nation’s history. Stemming of the American Rescue Plan, this article will focus on 5 take-aways for student loan borrowers.
The Customizable Profit & Loss Spreadsheet that Every OD Practice Owner Should Have
By popular demand, here is a copy of my Profit and Loss Statement spreadsheet that I use at my offices. I track my income and expenses very diligently and this has made applying for programs such as PPP loans and COVID relief grants easier since I can compare changes in revenue year by year. In…
New Targeted $10,000 EIDL Grants: Do You Qualify?
With the initial economic shock of the COVID-19 pandemic back in March 2020, the Emergency Injury Disaster Loan (EIDL) and subsequent grant programs funded by the CARES act received a lot of buzz. In the first round of the EIDL grant, businesses were granted $1000 per employee of their business, up to a maximum of $10,000. Recently, congress has allocated another $20,000,000,000 in EIDL grants (advances) in the new stimulus to allow businesses who received less than $10,000 to qualify for the full $10,000 grant, minus any amount already received. Let’s take a look at EIDL grants and common questions regarding them.
For questions, please reach out to Aaron and Dat at Admin@ODsonFinance.com
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