Running a successful dental practice requires significant financial resources. Whether you’re starting a new practice, expanding your existing one, or upgrading equipment, securing funding can be a critical step.
Loans: Fueling Your Growth
Loans provide a reliable source of capital for your dental practice. We can assist you with various loan options, including:
SBA Loans: The Small Business Administration (SBA) offers a variety of loan programs specifically designed for small businesses like dental practices. These loans boast competitive interest rates, flexible repayment terms, and government guarantees, making them a secure and affordable option.
Practice Acquisition Loans: Looking to take over an existing practice? We can help you secure financing to cover the purchase price.
Equipment Loans: Need to invest in state-of-the-art dental equipment? Equipment loans allow you to spread the cost of these essential purchases over time.
Lines of Credit: A line of credit provides quick access to working capital, perfect for covering unexpected expenses or seasonal fluctuations in cash flow.
We’ll guide you through the entire loan application process, ensuring you choose the right program for your needs and present a strong application to increase your approval chances.
Grants: Unlocking Additional Resources
While loans require repayment, grants offer the potential for free funding. We can help you identify and apply for relevant government grants that support dental practices. These grants may be available for:
- Opening a practice in underserved communities
- Implementing new technologies
- Providing preventive care services
By leveraging grant opportunities, you can reduce your reliance on debt financing and invest these funds directly into growing your practice.