Financing a dental practice purchase looks different from a typical small business loan, and lenders who specialize in dental acquisitions understand that the value of a practice is tied to its patient base, provider goodwill, and recurring production, not just its physical assets.
Most buyers finance a practice purchase through a combination of an SBA 7(a) loan, conventional bank financing, or a lender that specializes in healthcare and dental acquisitions. Down payments typically range from 0-15% depending on the lender, your credit profile, and the strength of the practice's financials.
Before you approach a lender, have your documentation ready: personal financial statements, credit history, and, if available, the target practice's financial records. A clear picture of the practice's collections and overhead makes it easier for a lender to move quickly.
If you're not sure where to start, reach out to us through the contact page. We can point you toward lenders experienced in dental practice transitions.