Dr. Colby Lamson and Dr. Rachel Morgan were newly minted Chiropractors when they found a practice that they wanted to purchase. They had a vision for the business and how they could better serve their patients, however, with only a small down payment, the doctors knew they would need financing to purchase their business. The doctors reached out to their local SCORE Chapter for assistance.
One of Dr. Lamson's friend, who is a banker, directed the two recent graduates to SCORE. "He pointed out that it was a free and a good program," said Dr. Lamson. The two are very grateful for the help they received from their mentors.
Mentors Lisa Allison and Lindy Morgan assisted the doctors with preparing a business plan to present to potential banks for a business loan. The two mentors helped the pair with building a balance sheet and cash flow.