1 rich Libsyn https://www.libsyn.com 90 600 Thinking about buying or expanding a practice, but nervous about debt, banks, or making an expensive mistake? &amp;nbsp; In today’s episode, I’m joined by Mike Smith of Bank of America to demystify the lending process for optometrists. We break down what banks actually look for in a borrower, how student loans and cash reserves really factor in, why tax returns matter more than stories, and the common traps buyers and sellers fall into when financing a deal. If utilizing OPM, other peoples' money like a bank's, is on your radar (now or in the future), this conversation can save you time, money, and unnecessary stress. &amp;nbsp; &amp;nbsp; Resources: Book a Triage call with Adam Download the Practice Owner's Financial Toolkit 20/20 Money Ultimate Financial Success Masterclass OD Mastermind Interest Form Check out Adam's new book: How to Buy an Optometry Practice &amp;nbsp; ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our&amp;nbsp;episode archive here! &amp;nbsp; Check out Adam's other podcast! The Optometry Success Podcast&amp;nbsp; Subscribe on Apple Podcasts:&amp;nbsp;https://bit.ly/4tttng6 Subscribe on Spotify:&amp;nbsp;https://bit.ly/4tuf0YM&amp;nbsp; 20/20 MONEY: The Business of Optometry https://www.integratedpwm.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/41325075/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/41325075