Dentist Finance You Can Rely On
Dental loans are frequently regarded as low risk by traditional lenders due to the borrowers’ strong earning capacity, substantial net worth, and consistent income. A traditional lender, such as a bank or the SBA, might be able to provide you with the cash you need for your dental practice, but approval is never assured and the application process can take months. While you wait, chances to develop and broaden your practice may easily pass you by.
In comparison to typical lenders, Main Street Finance Group is an alternative lender that can approve more dentist funding. We can also approve your dental office funding more quickly, with cash deposited as soon as 24 hours after approval. Greenbox Capital may assist with the expansion of dental practices across all specialties, including those of dentists, dental hygienists, orthodontists, oral surgeons, periodontists, and more, with funding possibilities ranging from as little as $3,000 to $500,000.
Funding Rates for Dental Practices
The sort of alternative small business finance you obtain will determine the dentist funding rates. The majority of financing alternatives for dentistry practices employ factor rates rather than conventional interest rates. Factor rates, which are derived from your risk assessment, are straightforward decimal numbers that indicate how much "extra" you will owe on the initial loan amount.
Dental Finance Options
OUR KIND, KNOWLEDGEABLE FUNDING ADVISORS WILL COLLABORATE WITH YOU TO SELECT THE FUNDING OPTION THAT WILL BEST ASSIST YOU IN REALIZING YOUR GOALS AND MAINTAINING THE CASH FLOW OF YOUR DENTAL PRACTICE.
Advances for Merchant Cash
Working capital is provided as needed. Until the advance is paid back, we will earn a portion of your credit card sales on a daily or weekly basis.
Factoring invoices
We will pay the net amount in cash for your outstanding invoices. When we receive payment, you will be paid the remaining balance on the invoices (less our charge).
Safe Deposit Box
a secured loan that lowers risk by utilizing commercial real estate. You can be qualified for a greater loan amount with cheaper rates and fees because the loan is secured.
Line of Credit for Businesses
Without the commitment of a fixed-term loan, borrow as much or as little as you need. Pay interest only on the amount you have borrowed; take what you need and pay it back as you go.
How Dental Funding Is Used
Main Street Finance Group funding for dental practices is not subject to any limitations. Generally speaking, financing for dentists is best utilized to assist expansion projects that raise revenue for your office, like:
- Purchasing new lab supplies or equipment to keep up with the most recent standards of care
- Including new services like online scheduling and billing, online paperwork, longer business hours, and more
Funding education for newly available dental treatments
Acquiring a new site or growing your existing business
Remodeling your workspace to provide a more welcoming environment for patients
Increasing the energy of your advertising and marketing to attract more patients
When you require a rapid infusion of working capital to address the particular difficulties of managing a dental office, alternative dentist finance can also be helpful. Examples of these obstacles include:
- High prices for dentistry supplies, technology, and equipment
- Acquiring new tools and training is necessary to meet the ever-evolving standards of care.
- elevated patient attrition
Insurance claims that are delayed or rejected
- Practice size: running expenses in a group practice are divided among all owners, whereas in a private practice, the solitary proprietor is responsible for them.
- Dental clinics now have to deal with higher operational costs and PPE requirements as a result of COVID-19, which may negatively impact your cash flow.
How Dental Financing Operates
Utilize
Collect three months' worth of bank statements and other documentation. Give us secure access to the transactional data from your bank account so we can approve it more quickly.
Select Funding
Within an hour (during regular business hours), a financing advisor will get in touch with you to finish your application and go over your funding alternatives.
Obtain Money
Within a day of deciding whatever funding option is best for your company, you and your funding advisor can authorize and deposit your funds.
Decide on Repayment
Your company's debit and credit card sales on a daily or weekly basis will be automatically subtracted to cover payment. The amount of your payment will depend on your sales.
Are You Eligible for Funding for Dentists?
The specific eligibility requirements vary based on the kind of funding you’re looking for for your dental practice. Main Street Finance Group does not base its approval of dentist funding only on your credit score or financial background. Rather, we concentrate on your practice’s general well-being, which includes:
- Revenue for businesses
- Money movement
- Payment history of the vendor
- Years of operation
- Records accessible to the public
Finance for Dental Equipment
Keeping up with the newest equipment is becoming more than just a pleasant to have as dental technology develops; it is essential. The correct equipment can improve the effectiveness and caliber of dental treatments. Examples of these include digital X-ray machines and sophisticated sterilization units.
Main Street Finance Group dental equipment financing makes it simpler for dentists and clinics to invest in high-quality equipment without having to worry about up-front expenses. This finance can be applied to the purchase or lease of new dental equipment as well as the renovation of old equipment.
Having top-notch equipment is crucial for any medical firm, but it’s especially important for dentistry to meet health and safety regulations, maintain patient satisfaction, and remain competitive.
Tailored Approaches for Dental Enterprises: Who Can Gain from Finance for Dental Equipment?
Main Street Finance Group provides tailored financing options for a range of medical and dental clinics, such as:
Private dental practices: Individual dentists or small groups seeking to increase clientele or invest in new technology.
Dental clinics: Multispecialty clinics that require the latest equipment to be installed in multiple treatment rooms.
Hospitals: Healthcare establishments having dental departments that require frequent equipment replacements.
Diagnostic Centers: Facilities providing advanced diagnostic instruments for dental imaging services.
Orthodontic and pediatric dental centers: Specialized facilities that require particular equipment to treat particular patient populations.
Financing for dental equipment can be quite beneficial to each of these healthcare professionals. Our financing options are made to specifically address the needs of dental professionals, whether they are replacing outdated lighting and chairs or acquiring the newest digital scanners.
How Dental Funding Is Used
Surmounting Financial Limitations
Budgetary restrictions are a major worry for a large number of small and medium-sized dental firms. By distributing the expense of the equipment over time, dental equipment loans provide a more effective method of managing cash flow.
With this strategy, practitioners can spend in high-quality tools without sacrificing other aspects of their operations.Improving Medical Care
Better patient outcomes are correlated with high-quality equipment. Dental practices can make sure they have access to the best instruments available, which can enhance treatment efficacy and diagnostic precision, by using financing for dental equipment. Modern equipment improves the experience of the patient by speeding up, minimizing invasiveness, and increasing comfort during procedures.Maintaining Competition
Having the newest technology can help a dental business stand out from the competition in a crowded market. Dentist equipment loans help clinics stay on the cutting edge of dental care by allowing them to stay up to date with industry standards and technology improvements.Adaptable Financing Solutions
Our flexible dental equipment loans are designed to meet the specific requirements of dental practices. We offer solutions to suit your budget and business objectives, whether you’re wanting to buy equipment outright or lease it. Our personalized repayment options enable the purchase of expensive equipment without placing undue financial strain on one’s finances.Maintaining Capital
Dental companies that choose to fund dental equipment can keep more of their working cash for other operational requirements. This financial flexibility is especially helpful for businesses that want to engage in marketing and patient acquisition efforts, hire more staff, or extend their services.
Apply Now for a Loan
We are aware of the importance of cutting-edge equipment to your dental practice’s success. Our financing options for dental equipment are made to support you in reaching your company objectives without having to worry about significant upfront costs.
Apply for a loan with Main Street Finance Group right now if you’re prepared to modernize your dental office and give your patients the best treatment available. Our simple and fast application process guarantees that you can get the money you require with the least amount of difficulty.
Don’t let a tight budget prevent you from receiving top-notch dental care. Make the first step toward a more prosperous and cutting-edge dentistry practice by getting in touch with us right now to find out more about our financing choices and tailored medical equipment loans.
Q&A on Dentist Financing
Yes, you may expand your dental business and draw in more people by investing in new equipment. This makes investing in new or upgraded equipment a great use of cash for alternative dentists.
Our application process is quite straightforward, and funding is accessible the same day. Speak with a Funding Advisor or complete our one-page application form to get started.
In addition to conventional lenders like banks or the SBA, alternative lenders like Main Street Finance Group can provide money for dentistry practices. Alternative lenders offer more accommodating approval standards that take your practice’s potential and general state into account. To find out more, speak with one of our funding advisors.
Depending on your particular circumstances, one of our Funding Advisors can help you choose the best course of action. Collateral loans, merchant cash advances, and small company loans are common sources of capital for dentists.
The majority of loan applications are turned down by traditional lenders, who can take weeks or months to evaluate and accept your application. We can grant finance for “high risk” industries because we are an alternative lender with different approval procedures. Often in less than a day, we can give you the money you need to pay for supplies, project expenses, running costs, and more.
A large variety of dental equipment, such as digital X-ray machines, dental chairs, sterilizing units, CAD/CAM systems, and diagnostic tools, can be financed by Main Street Finance Group.
Our loans can help you get the resources you need to improve your practice, whether you need to buy new equipment or replace outdated items.
For dental practices, the equipment finance application process is intended to be simple and rapid. The majority of applications are examined and accepted in a matter of working days, giving you quick access to the money you require. Our staff puts in a lot of effort to make sure that the financing process runs smoothly.