Dental practices have excellent funding options due to industry stability.
Common Dental Practice Funding Needs:
- ●Practice acquisition: $200K - $1.5M
- ●New operatory: $50K - $100K per chair
- ●Imaging equipment: $50K - $250K
- ●Office buildout: $100K - $500K
- ●Technology/software: $20K - $100K
Best Funding Options for Dentists:
1. Dental Practice Acquisition Loans
- ●Specialized lenders (Bank of America Practice Solutions, Live Oak, etc.)
- ●Up to 100% financing
- ●Terms: 7-12 years
- ●Include goodwill and intangibles
2. SBA Loans
- ●Lower rates than conventional
- ●Longer terms available
- ●Can combine multiple needs
- ●Extensive documentation required
3. Equipment Financing
- ●For chairs, imaging, technology
- ●Equipment as collateral
- ●Often 0% down available
- ●Quick approval (days not weeks)
4. Practice Line of Credit
- ●Ongoing working capital
- ●Cover insurance reimbursement delays
- ●Draw as needed
What Lenders Want to See:
- ●Dental license in good standing
- ●Practice financials (if buying existing)
- ●Personal financial statement
- ●Business plan (new practice)
- ●Patient volume projections
- ●Payer mix breakdown
Unique Dental Considerations:
- ●New graduate loans available
- ●DSO acquisition financing
- ●Multi-location strategies
- ●Associate buy-in structures