Finimpact

Conclusion

With dental equipment financing, you can receive the capital you need to invest in basic and advanced equipment for your dental practice. Before you commit to a loan, however, do your research and compare your options. Be sure to choose the best one for your unique goals and needs. 

FAQ

How hard is it to get dental equipment financing?
Dental equipment financing is easy to get. This is because it uses the equipment itself as collateral and poses less of a risk to lenders. You can get approved for a loan, even if you don’t have the best credit.
Is it possible to get financing to purchase a dental practice?
Yes! If you’d like to purchase an existing dental practice, financing is available. Just keep in mind that you’ll likely need good credit and strong financials to get approved for this type of large loan from a reputable bank or large lender.
What other financing options are available to dental practices?
A line of credit is a flexible financing solution that lets your dental practice withdraw funds as much or as little as you need to, up to a set credit limit. Another option is a merchant cash advance.

You give the lender a portion of your future debit and credit card sales. In return, they provide you with a lump sum of cash. You’ll repay the amount you borrow via ACH payments or through your individual sales.

About the Author

Anna Baluch

Anna Baluch

Personal Finance Writer

Freelance copywriter who enjoys writing for large publications as well as startups, small to medium sized businesses.

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