Dentist Funding You Can Trust
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.
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In comparison to typical lenders, Greenstar Capital Funding 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. Greenstar Capital Funding 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 $10,000,000.
Dental Practice Funding Rates
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.
Dentist Funding Solutions
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.
How To Use Dentist Funding
Greenstar Capital 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 Dentist Funding Works
1
Apply
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.
2
Choose 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.
3
Get Funded
Your money can be authorized and deposited within 24 hours after you and your funding advisor decide which funding option is best for your company.
4
Set 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.
Will You Qualify for Dentist Funding?
The specific eligibility requirements vary based on the kind of funding you're looking for for your dental practice. Greenstar Capital Funding 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
Public documentation