Hello, doc. I have a good question here. Of course I am just starting 
out. I was hoping to start my own practice with a small office 
setting. I 
have only a couple hundred dollars and no collateral. Because of this, 
and 
the fact that I don't have a "track record", banks and financial 
agencies 
are very unwilling to give me any kind of loans. The Small Business 
Administration told me they don't give loans but only help you 
prepare 
business plans. Am I DOOMED to having to work as an associate doc 
for 
someone else, which is hard to find anyway? What else can I do? Any 
help 
you can give me would be much appreciated at this point. Thanks!

A:

Thanks for your e-mail and tough question. As you know .. nothing 
works without money oiling the machine. It's a Catch 22 .. no money 
no practice  but without a practice there is no money. As I mentioned 
in class a creative way to get a few bucks is to ask a family member 
to get a home equity loan for $15,000 or so .. and of course pay the 
loan for them .. to get you started. With this much equity stored in an 
account you can then lease of loan your own money based on this 
secured equity.

I wish I had a better answer for you .. but besides working with a 
partner of gathering funds as an associate or IC .. you have to forage 
for yourself to succeed

Good Luck

Dr. M