Choosing to purchase a pre-existing dental practice is a big decision that should not be taken lightly. When done correctly, you will have a long-lasting, profitable business that offers a valuable service to the community. On the other hand, taking the wrong approach to this venture could result in a constant financial drain on your bank account.
At some point in their career, many dentists make the decision to transition from working as an associate or in a corporate setting to opening a practice of their own. One of the hurdles many dentists must overcome when they aspire to start a new practice is securing the funding to make it happen.
“First, let me take a minute to say Thank You! The time and effort you and your team took to get me the financing I needed for my buy-out, acquisition and consolidation was, to say the least, beyond awesome. I was treated by everyone as if we were long lost best friends.
Through the entire process, it felt as though getting this done was a personal task....not a job. Embarrassingly enough, I had come to you once, but decided to go to my bank "because they knew me". They were terrible, to put it nicely.
Bottom line, I'm where I am today with my practice because of you.”
A dentist in Alabama wanted a working capital loan to help grow his practice. He was looking for some new equipment and refinance some high interest rate short-term loan. The most important thing was that this loan needed to be in 2nd lien position behind his low interest rate practice loan. Closed: 2/23/2024...