Dental practices have excellent funding options due to industry stability.
Common Dental Practice Funding Needs:
- βPractice acquisition: $200K - $1.5M
- βNew operatory: $50K - $100K per chair
- βImaging equipment: $50K - $250K
- βOffice buildout: $100K - $500K
- βTechnology/software: $20K - $100K
Best Funding Options for Dentists:
1. Dental Practice Acquisition Loans
- βSpecialized lenders (Bank of America Practice Solutions, Live Oak, etc.)
- βUp to 100% financing
- βTerms: 7-12 years
- βInclude goodwill and intangibles
2. SBA Loans
- βLower rates than conventional
- βLonger terms available
- βCan combine multiple needs
- βExtensive documentation required
3. Equipment Financing
- βFor chairs, imaging, technology
- βEquipment as collateral
- βOften 0% down available
- βQuick approval (days not weeks)
4. Practice Line of Credit
- βOngoing working capital
- βCover insurance reimbursement delays
- βDraw as needed
What Lenders Want to See:
- βDental license in good standing
- βPractice financials (if buying existing)
- βPersonal financial statement
- βBusiness plan (new practice)
- βPatient volume projections
- βPayer mix breakdown
Unique Dental Considerations:
- βNew graduate loans available
- βDSO acquisition financing
- βMulti-location strategies
- βAssociate buy-in structures