#25 - Banking on Your Dream Practice With Joe Persichetti

Send us Fan MailWe explore the world of veterinary practice financing with Joe Persichetti, Senior Vice President and Head of Healthcare Business Banking at US Bank, who shares insights on how veterinarians can secure funding and navigate the path to practice ownership. Joe brings nearly 25 years of experience helping healthcare professionals achieve their dreams of practice ownership, expansion, and growth.• Student debt is not a barrier to practice ownership - focus on payment management rather than total debt• Building the right team of financial advisors, CPAs, attorneys, and healthcare-focused bankers is crucial for work-life balance• Veterinary practices remain financially strong and "recession-resistant" businesses, making them attractive to lenders• The industry is seeing a resurgence in both startups and independent practice acquisitions• Engage with lenders early in the process for guidance, not just after finding a practice to purchase• When choosing a lender, ask if they specialize in healthcare, what terms they offer, and what happens after the loan closes• Local banking relationships with dedicated representatives are more valuable than call centers for busy practitioners• Practice ownership offers greater income potential and autonomy compared to associate positionsReach out to US Bank's Healthcare Business Banking team to learn how they can help you achieve your practice ownership goals. Find your team early - the right financial partners can make all the difference in your success.Host InformationBill Butler – Contact InformationDirect – 952-208-7220https://butlervetinsurance.com/[email protected]://www.linkedin.com/in/billbutler-cic/Schedule a Strategy Session with Bill – Strategy SessionPodcast Sponsored By: Butler Vet Insurance: We wrote the Book on Veterinary InsuranceRunning a successful veterinary practice comes with its challenges. At Butler Vet Insurance, we specialize in simplifying insurance for professionals like you."Protecting Your Veterinary Practice": Your Guide to Stress-Free InsuranceInsurance-related stress: Order Your Copy NowWhy Choose Butler Vet Insurance?We specialize in risk management tailored for veterinarians, addressing unique challenges!Contact Us NowButler Vet Insurance – Your Trusted Insurance Partner for Veterinary Practices.