As more and more Millennials come of age, marry and start families, the need for quality dental care increases. Families trend toward suburban living, and many new housing developments have sprung up nationwide. For dentists in practice for over a decade, chances are that their equipment and possibly their facilities are out of date. Perhaps, due to community demand, there is also the possibility of expansion. This would require additional professional staff as well as an additional practitioner. And funds. Working capital often does not cover such contingencies, however. When you need dental practice financing quickly, what is the solution?
While on the subject of modernizing one’s equipment, there are have been many advances over the past few years to consider: 3-D imaging, laser dentistry, guided surgical procedures, digital scanners and more. New technologies pay for themselves over time through increased services and quality of care provided. Once your practice can afford to carry the initial cost for these upgrades, that is. In addition to the need for advanced equipment, training for existing staff and the possibility of hiring staff experienced in these new technologies at higher salaries are considerations. How will this impact your current working capital and where can you go for almost immediate funding?
For those seeking to expand their dental practices, however, traditional lenders will scrutinize their financial history. Suddenly that missed dental school payment over a decade ago looms large in their decision to deny your loan application. Even with a spotless credit history and a loan approval, will the funds your practice requires be available to you quickly? Or, more likely, will you have to wait weeks or even months to receive the full loan amount?
National Business Capital Has an Over 90% Approval Rate
More and more dentists and dental practitioners have found a financial partner in National Business Capital. We’re a leading alternative lender and have provided hundreds of millions of dollars to business owners in nearly every industry. Over 70% of our clients had been turned down by their banks before receiving a loan approval from National Business Capital. With an over 90% approval rate chances are excellent that we will be able to provide the funds your business needs, just when you need them most.
National Business Capital does not use the same criteria as banks in making our loan decisions. Even an open tax lien is not an immediate loan disqualification. When you require dental practice funding, come see us. Let’s get a dialogue going that will lead to a long term business relationship and financial security for your business. Call us today at (888) 888-9124.