Dental Practice Loans
Business Loans for Dentists Should not be a Pain
As a dentist, you want to give your patients the best experience. Part of that is keeping your dental practice up to speed, including:
Unfortunately, when the need to invest in your existing practice arises, you may not have the cash or funding solutions for your dental practice that’s needed to proceed.
Where to Get Business Loans
Applying for a bank loans or business lines from a traditional lender is an exercise in futility. Usually, their loans applications requirements are too stringent and their application processes are so long that it’s more trouble than it’s worth. Chances are you’ll probably get denied, anyway.
Luckily, there’s a great alternative: dental practice loans from Sunwise Capital.
Is it Hard to Get a Dental Business Loan?
Do you want to finance your dental practice? Are you looking to grow or even explode your dental practice? If you go to the bank looking for conventional loans, forget about it. Financing for dentists meant calling your local bank and telling them that you need business funding. It was a simple call to get started.
Today, to get approved for a loan for your business, you must put a lot on the line. Banks and other lenders require considerable collateral, and you must prove that you have enough assets. Sometimes, they even require personal guarantees, which is especially worrisome.
Easy Business Loans for Dentists
Applying for a dental practice loan with Sunwise Capital is a snap. Our one-page online applications can be completed and submitted in less than five minutes. The only other thing that we need is three months of your most recent business bank statements. Most dental practice loans are approved within 24 hours and funded the following business day. You don’t have to put up any collateral, make any traditional personal guarantees or otherwise put yourself or your dental practice on the line. You don’t even need to have great personal credit because we look at the health of your business.
Flexible Business Loan Options
Unlike many lenders, which try to force customers into taking on loans that aren’t quite right for them, Sunwise Capital offers an array of options to ensure that everyone’s needs are accounted for. Our loans are customized to suit the unique needs of your dental practice, so they are exceptionally flexible too. From business capital loans to bad credit loans to short-term loans to merchant cash advances, we have loans for your dental practice and solutions for virtually any situation imaginable.
- Term Loans ranging from one to five years
- Short term emergency loans from 3 to six months
- Payments are Daily, Weekly or Monthly payment
- Rates starting as low as 5.49%
- Loan amounts $10,000 to $2M
- No prepayment penalties
SBA Loans for Dentists
As one of the top SBA lenders we can help you secure finance solutions for practice acquisitions, debt consolidation, commercial real estate, or for equipment financing.
Fixed rate SBA 7a loans with 5-minute prequalification and funding within 14 days.
According to the SBA:
SBA offers excellent loan options for Dentists, Orthodontists and Oral Surgeons that can be used for the following:
- practice financing
- purchase of a new building or facility
- construction of a new building or facility
- renovation or expansion of an office or oral surgery center
- equipment financing
- refinance of a practice
- refinance of a building/facility
- debt consolidation
- other practice needs
Obtaining business loans for dentists doesn’t have to be cumbersome. It certainly shouldn’t be like pulling teeth.
Our proprietary loan process quickly assesses more than 800 individual and business data points to render a fast decision.
We also guarantee our loans. If you find one with the same terms and a better rate, we will beat the rate or give you $500.
There is no obligation when applying. Even if you are approved, you do not have to take the loan. There is no cost or obligation. Even if you change your mind! Don’t let money woes hold your practice back. Apply for a business loan from Sunwise Capital today.
Dental Practice Startups
The dental industry is like every other industry. Traditional financial institutions are not lending to small businesses. Years ago, the simple act of hanging out your shingle meant you arrived. A practice startup was respected by the banking community.
Now it’s different. The bank wants to see the personal tax returns, and credit score of all the business owners. If your personal credit is less than perfect, you’re unlikely to be approved. Banks make it this difficult for one simple reason: They don’t like lending to small businesses.
Fortunately, Sunwise Capital does, and we make the process as convenient and easy as can be. The loan approval process for startups is the same for dental businesses, including all types of dental practice, restaurants or hair and nail salons. The bank considers all business start-ups as high risk. The truth is most banks do not see Dentists as something special. We do! It used to be that loans for dentists was readily available. Any doctor could get a line of credit or working capital just with a simple phone call to their local bank. Unfortunately, from a bank’s perspective, being a medical professional and a doctor specifically, is considered the same as a paper hanger.
We treat Dentists different. Dental practice financing is special.