Dental practice loans

If you’re looking for a dental practice loan and don’t want to spend hours reading reviews or filling out forms, we make the process simple. With a few pieces of information about your business and financing needs, our platform instantly matches you with leading financial providers that specialize in financing for dental practices. This includes orthodontists, periodontists, surgeons, and more. And when we say flexible financing, we mean it.

You can use the financing for restocking inventory, hiring staff, repairing or replacing equipment, and even renovating your lobby and exam rooms. The money can also be used for advertising to bring in more patients for your current business or to secure a new location if you’re expanding.

Click here to get started and find the best dental practice business loans via our network of trusted partners.

You could choose a general small business loan from any one of our financing partners, but there may be a better, more specific solution available. If you want to clear the debt fast, short-term loans could be better for you. When you need to replace X-ray equipment or dental chairs, equipment financing makes more sense as you can use the equipment as collateral to secure the funding.

Here are a few different types of loans for dental practices that are available through our network of financial partners, so you can choose the right one for your needs.

Working capital loans

If you plan to use the financing for operational purposes like part-time staff, restocking inventory, covering rent and utilities, repairing equipment, and upgrading software systems, working capital loans are a great option. They’re designed for immediate business needs and to help keep operations running. They give you the flexibility to use the funds for practically any business expense.

Equipment financing

Need to replace or repair expensive equipment? Equipment financing for dental practices lets you buy or lease new and used X-ray machines, dentist chairs, lasers, CAD and CAM systems, and even autoclaves. Plus, you can typically use the equipment being financed as collateral, which can potentially lower your rate, freeing up your cash flow to fund operations.

SBA loans

When you’re not in a rush and may need larger amounts of financing, SBA loans for dental practices are the best option. The rates are capped and you can apply for up to $5,000,000 in financing, which can be used for virtually any business purpose. SBA loans can be used for opening a new location, renovating your existing one, hiring staff, and even marketing and advertising. Because they’re partially backed by the SBA, the market for these loans is very competitive, and you could wait 30 to 90 days before finding out if you’re approved.

While each type of dental practice loan will be customized based on your needs and situation, you can generally use the funding for almost any business purpose including: 

• Hiring staff like hygienists, nurses, office managers, and anesthesiologists for surgeons. You can even hire an extra part-time administrative assistant to help with data entry when your front desk gets too busy. 
• Replacing, repairing, leasing, and purchasing new and used equipment and supplies. It can be almost any type of equipment from dental chairs to X-ray machines, syringes and dental dams, scalers, forceps and elevators, and even protective gear for your team. 
• Increasing efficiencies in your practice by upgrading software systems and computers, bringing on new technologies for patient care, adding point of sale equipment, and more. When you operate more efficiently, you can make more money, so it’s a wise investment. 
• Investing back into your company by renovating your lobby and exam rooms, renting a larger office space if you want to grow your practice, or leasing a new office when you want a second or third location. 

Click here to get matched with the best dental practice loans for your goals. It only takes seconds.

The requirements to qualify for a dental practice loan vary by financing provider. Traditional lenders, credit unions, government agencies, and alternative online lenders are all going to have certain minimum requirements that applicants need to meet to get funded. These may include a minimum amount of time in business (i.e., six months to a year), a minimum amount in annual sales, and an established credit score (from poor to excellent).

Regardless of the amount of time you’ve been in business, your annual revenue, and your FICO score, SmallBusinessLoans has solutions for you through our extensive network of trusted partners. Click here to see your matches now.