IUBio GIL .. BIOSCI/Bionet News .. Biosequences .. Software .. FTP

starting your own practice

Alan Sias arsias at cyberport.net
Tue Aug 22 21:16:52 EST 1995

I am attempting to do it currently.  I have been turned down by two banks 
(so far) and went to five more today.  I must live in a less saturated 
area than most of you (I don't think I'll tell you where it is, either!) 
because I have several people who have said that would like to come in 
here and start working.

My problem is that I too just graduated.  I have a negative net worth by 
(you guessed it) my student loan amount.  So I have been trying different 
avenues.  1) Partnerships.  I have a group who will contribute about 
30-40%.  2) The state has a program for lending to start-up businesses 
that are having difficulty getting conventional financing.  And last, but 
not least, is a tie between selling my 3 1/2 kids or robbing a bank.

I have tried to lease my equipment (the bulk of the loan) but have been 
told, "we don't do venture capital," or, "why don't you call us after 
ytou've been up and running for six months."  RIGHT!

O.K.  I'll stop whimpering.  I am open to new ideas (that's a major 

Alan Sias
Audiology Services for ******* (where was that again?)

More information about the Audiolog mailing list

Send comments to us at archive@iubioarchive.bio.net