How To Start Up A Dental Practice
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.
When starting up a practice, securing the right dental practice financing can be difficult, and traditional banks do not always offer the best options. The initial capital injection requirement and interest rates they assign to dental practice loans can be a heavy burden, especially in the beginning when a practice needs as much working capital as possible.
Working with 1st Med Financial is different because we understand your needs in a way that banks or credit unions never could. Our Practice Loan Advisor Team is specifically educated on the dental practice start-up financing options available in todays marketplace.
Dental Practice Start-Up Loans can cover a variety of needs including:
build-out / leasehold improvements
Real estate acquisition
new Practice equipment
practice furnishing & Fixtures
most importantly - working capital
For many Dentists, it us a life-long dream to open their own practice. Considering the amount of education, work and dedication, it has been a long road to say the least. Even though you will continue to work hard once you open your own practice, there is a certain degree of satisfaction that comes with knowing that you have reached one of your life goals. At 1st Med Financial, we would like to help you get there.
For more information on applying for one of our dentall practice loans, contact us today!
Author: David Y. Goldstein - Senior Loan Advisor
David has been assisting Doctors with their practice finance needs for over 10 Years has personally been involved in $50+ Million in closed practice transactions.
Dave can be reached at (800) 318-7125 x 202 or dgoldstein@1stmedfinancial.com
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What Our Clients Have To Say
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“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.”
Dr. Chris Coplin, DMD
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