A Dental Practice Business Loan Keeps Everyone In Smiles
The dental healthcare industry in the US is undergoing rapid change and growth due to a series of converging factors that make the sector attractive to investing, according to Allen Mooney Barnes, Investment Bank. Among these factors driving this growth are: a favorable healthcare regulator environment, demographics (aging population), increased fragmentation and favorable reimbursement dynamics. As a result, the industry is projected to have an annual growth of 5.2% from 2014-2020. For the owner of an existing practice, a dental practice business loan can provide the financing needed to take advantage of this high growth industry.
The US population continues to age and people 65+ spend 18% more on dental care than other age groups. US federal funding for Medicare and Medicaid, coupled with an increase in insured Americans, will increase demand for dental services, as patients will have to pay less out of pocket. Rising disposable income of the general population is stimulating growing demand for cosmetic surgery, a highly profitable specialty service.
Whether you’re looking to attract more walk-in traffic, more revenue per customer, expand or remodel your locale, add new equipment or technology, additional business capital can help you get there with ease. With our financing options, whether a dental practice business loan or merchant cash advance, your additional capital can be used to finance:
Front Of House Improvements
- Purchase chairs, background music, signage
- Update floors, lighting, decor
- Revise entrance area layout for efficiency
- Go Green with walls, displays
- Expand staffing
Back Of House Expenses
- Upgrade restroom, supply areas
- Replace equipment, site security
- Improve stocking area for improved safety
- Purchase small wares
- Upgrade safety conditions
- Modernize dental equipment
- Integrate patients with invoicing system
- Refresh business web site
- Create business mobile app
- Use mobile SMS to current customers
Day To Day Operations
- Additional training of staff
- Repaint, add promotional materials
- Purchase new staff uniforms
- Balance cash flow during down periods
- New/expand advertising
A Dental Practice Business Loan Puts The Kids In Braces
A Simple Process – Apply online in minutes, get approved in 48 hours and access to funds in 72 hours!
Higher Approval Rates – Approval for funding is based on the overall health of your business, not just FICO score.
Daily Repayments – Daily scheduled payments mean no large lump sums are waiting for you at the end of the month.
Flexible Terms – We offer terms up to 18 months and business funding amounts ranging from $5,000 to $500,000 so you can unlock your success.
Very High Approvals
The application process for our dental practice business loan is simple and straightforward. Since we focus more on the strength of your business than your personal credit score, we have very high approval rates. Your business can receive a decision and get funding in just a few days. Our general guidelines are:
Business Age – Your business has been operating for a minimum of one year.
Monthly Revenue – Your business monthly revenue is a minimum of $5,000 in sales.
Credit Score – We take into consideration your business credit, but it is only one of several factors we consider.
Why Choose Nexus Financial Services?
Whether your business needs new equipment, additional inventory, more personnel, room to expand or an acquisition opportunity you don’t want to miss, we can help you obtain the financing your business needs to make it happen. Our dental practice business loan and merchant cash advance are designed to help you start your business, manage the challenges as you build your business, or support you through the seasonal slow times of your industry.
At Nexus Financial Services, we provide a variety of financial options for small businesses. We are there for you when you need to make fast investments to take advantage of available business opportunities. Our small business loans and merchant cash advance can be approved within a couple of days versus the weeks or months of a traditional lending institution. Because we have the experience and understanding of small business needs, we also offer some of the best small business loans and financing solutions available that result in the success of our clients.