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/lp/american-psychological-association/managing-your-practice-finances-strategies-for-budgeting-funding-and-LkxWBTJsAx
- Publisher
- American Psychological Association
- Copyright
- Copyright © 1996 American Psychological Association
- Pages
- 25 –38
- DOI
- 10.1037/10195-002
- Publisher site
- See Chapter on Publisher Site
Abstract
This chapter explores the various types of financing available to practices. After completing the planning and budgeting process, the next step for a practice is to select the type of financing that best meets its objectives. There are several different types of financing, each differing in cost, flexibility, and restraints. Commercial banks, finance companies, insurance carriers, and leasing companies are examples of institutions that provide financing. In addition, practices may use internal sources and equity capital. which is supplied by providers, venture capitalists, and others. (PsycInfo Database Record (c) 2022 APA, all rights reserved)
Published: Aug 31, 2004
Keywords: financing; practice; costs; psychologists