Dental Practice Funding

Challenges for Dental Practices

As the owner of a dental practice, you need to balance being part medical professional and part business owner. Aside from serving your patients, you must be able to meet the demands of your customers for expensive equipment and be prepared to respond to sudden expenses that may demand cash reserves. At the same time the bulk of your profits may come through third-party insurers, which may mean erratic and delayed payment.

Finding Funding

You need access to working capital to meet these challenges and capitalize on opportunities, but securing loans from banks can be difficult. If your business is smaller, or you’ve had credit issues in the past, you may be turned away. Even if you qualify, it can take up to several months to get the cash you need now. As a dental practice, you may need to spend funds on several areas at once for your business. With many of our working capital options, there are no restrictions placed on your funds. Some of the ways you can use your dental practice funding are:

Working Capital from iBusiness

Working capital from iBusiness is different. We evaluate your application based on your real-world business data, not just on personal FICO scores, and make a decision in less than 24 hours. If you are approved, you can get up to $250k deposited directly into your business account in 72 hours or less. How do you pay it back? We work with you to find the correct product that will be automatically deducted from your business bank account. If sales slow temporarily, so will your repayments, so you can always operate your business comfortably.

Advancing Your Business

What can you use your funding for? It’s up to you, but dental practice owners have used their working capital for:

• Hiring new staff.
• Opening a new office.
• Upgrading facilities and equipment.
• Your own medical education.
• Acquiring existing practices.
• Anything else you need.

How do you know if you qualify? Most businesses that have been around for at least six months and have a monthly revenue of $6,500 or more can get funding from iBusiness. Don’t wait any longer – click the “get started now” button or call us at 855-462-4249.