100% Dental Practice Financing!
When a dentist has had a poor personal credit history, it is recommended that he or she work up to a better personal credit track record before trying to secure a business loan. Dental practice loans can top out around the $350,000-375,000 range, so you want to be in good shape with regards to your credit history so that you will be eligible for attractive loan rates and terms.
After you have been in business for a time, you might want to consider how you can achieve dental practice growth. Using an additional dental practice loan can help you expand your business into a larger space, invest in new technologies to make your practice more efficient, and allow you to offer additional services to your clientele. With your additional space, you could hire a new dentist and/or have more dental hygienists working, increasing your revenues.
At BRT Financial, we understand that starting a practice from the ground-up can be an intricate and time consuming task. Making your dental practice business plan a reality is a challenge. Our dental practice loan specialists have been there before.
He will be the first and last I will contact the next time I need a dental practice loan. From start to finish it was also the shortest transaction of this type I’ve had.
“Having been down the practice loan rodeo over the years more than a few times, I can wholeheartedly endorse BRT Financial. They are always quick to respond, helpful, and professional and have the answers I needed quickly. BRT will be the first and last I will contact the next time I need a dental practice loan. From start to finish it was also the shortest transaction of this type I’ve had. Thanks Dr. D.
At BRT Financial, we specialize in providing Dental Practice Financing and Dental Practice Loan solutions for dental practitioners. Our dental practice finance team has helped numerous dentists acquire, build, equip, expand and refinance their practice debt. We understand the busy schedule of the successful dental practitioner and our custom-tailored financing solutions provide the service you need at the speed you expect.
Get started and complete our Dental Practice Loan Quick App Here and one of our experienced practice loan consultants will contact you within 24 hours.
100% DENTAL PRACTICE LOANS
We provide both Conventional Dental Practice Loans, SBA 7A and 504 loan solutions as well as equipment and working capital programs. Each loan structure is designed to meet the specific needs of your dental practice. When you’re ready, we’ll work with you to understand your goals and design a personalized plan to meet your dental practice financing needs.
After several years of studies and a lot of hard work, one becomes a dentist. With this challenges are not over in the life, the next step is to set up a practice that needs lot of years and perseverance. If you are not ready to put in such hard work, the next best option is to indulge in practice lending. An existing dental practice could be bought and the practice could be started from where the earlier owner left. Having said that, it is easier said than done. For buying a well established practice, one need to research well for the valuation of the practice. Once a final figure is derived after lot of negotiations, the next challenge is to find finances that will help to buy this practice. These days, the concept of practice lending is gaining a lot of popularity. Many sources offer dentist loans for this purpose. Buying an already flourishing practice will ensure that there are no challenges or pitfalls that are usually associated with setting up a new practice. Not only, one has to start from the scratch, looking for an appropriate place, working out leasing, buying costly dental equipments, advertise practice and then sit back waiting for the patients to stream into the chambers.
If this does not happen immediately, another challenge would be to break even month after month till the time practice takes off and patients start coming. Conversely, buying an already established practice will help you to channelize your effort only in treating patients which is your main job. If exemplary dental services are imparted to the patients, the practice will increase making a dentist famous in the area. This is because the initial roadblocks that take most of the time have already been taken care of in case of buying an established practice. On the basis of the location, dental office and the equipments, advisors and many more aspects, dental loans are dependent. As soon as one come across a perfect practice, the costs involved in buying the same needs to be established. No doubt, a successful practice may have high income in gross but at the same time there can be high overhead costs involved. Keeping in mind all these factors, the actual value of a practice is derived at and loan procedure is initiated. This concept has come as a blessing for all those dentists who would like to start with their practice as soon as they are qualified and avoid starting roadblocks that hamper their growth.
