Dental Practice Loans

Would your dental practice grow with a loan?

Our practice finance options can be accessed by dental practices of all sizes with unsecured loans available to help grow your business. Our unsecured professional loans range from £5,000 to £250,000 so we can offer financial assistance to both small and large practices.

Our flexible, independent approach means we can offer a quick decision on finance applications, usually within 24 hours.

Benefits of Dental Practice finance

We have many years of experience in securing funding within the dental industry, meaning we can offer advice throughout the application process. As a finance broker, we apply for funding on your behalf, once you’ve sent us the correct information which can include:

Apply for dental practice finance

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How does it work?

Fill in our form​

A member of the team will be in touch to collect some basic information. This helps us understand the type of funding that would best suit your business.

We find the best funding for you

We use the information you provided to source the best funding options for you and your business using our panel of over 250 lenders.

We present your options

We’ll then present you will all of the funding options available to you and give you time to decide which one you would like to proceed with.

Every lender will check your business credit score, with each one using a different credit scoring system. The amount you’re offered will come down to your current financial position, affordability and current liabilities.
Business loans for dentists can be achieved with an unsecured business loan or a secured business loan. Applying for financing can be time-consuming and complicated, which is why as credit brokers, we do all the hard work for you.
Our role as a commercial finance broker means we have the knowledge and expertise to provide you with the ideal financing for your dental practice. Every dentist’s business is run in a different way, which is why it’s important to weigh up all the funding options available to you.

Our unsecured practice loans for dentists can be used for virtually any purpose, from dental equipment to full dentist practice acquisitions. You’ll never be short of a finance solution, as a commercial finance broker we’ll provide the right type of funding solution to help your dental practice business move in the right direction.
Asset finance and equipment financing are both popular ways of keeping working capital in the business, by spreading the cost of assets over a fixed period as opposed to paying upfront in one lump sum. You might need new x-ray machines but if a bank loan is taking too long, we can come back to you within 24 hours with an offer for funding.

Business funding for dental businesses is very flexible with fixed rate loan repayment periods of 60 months.
You might be a dental professional running a successful dental practice looking at business loans to buy several dental clinics. We can help a dental professional as a startup business, and acquire another practice business via secure business funding.
When looking at loans to buy commercial property, we can assist with secured finance for your dental practice purchase whether you’re a sole trader, limited company or limited liability partnership.

Loans for dental practices

Excuse the pun, but it can be a bit like pulling teeth to get dental practice financing from a reliable provider.

We are aware of the high standards your clients have grown to expect from your firm, and we also recognise that it can seem difficult and time-consuming to find a straightforward way to finance your investment.

We have a thorough understanding of the dental sector. We have specialised funders because we understand the financial challenges you experience running your firm.

Would a loan help your dental practice expand?

Dental clinics of all sizes can use our practice financing options, with unsecured loans available to support business expansion. We can provide financial support to both small and large practices because our unsecured professional loans have a range of £5,000 to £500,000+.

We can provide a prompt decision on funding applications thanks to our adaptable, impartial approach, typically within 24 hours.

What kinds of financing are offered for my dental practice?

There are numerous choices for financing dental practices; we’ve compiled a list of the most well-liked ones below.

Unsecured Loans

Unsecured / secured business loans

Dental clinics apply for business loans for a variety of reasons, and they’re one of the best methods to get the operating cash you might need to keep your practice’s daily operations running smoothly. A business loan can be either secured – longer-term financing based on the security of your company’s assets – or unsecured – a flexible, alternative kind of financing.

Asset funding

As we’ve already mentioned, dental equipment is pricey. From chairs to x-ray machines, everything costs a pretty penny. You can avoid having to acquire the equipment you so sorely need outright by spreading the expense of repayment over time through asset financing. With asset financing, your dental business can maintain the best level of patient care while maintaining competitive pricing.

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Invoice Finance

Regardless of industry, cash flow is a problem for many UK firms. What if you could free up to 95% of the cash held in outstanding B2B invoices? You can, nevertheless, thanks to invoice financing. The easiest approach to manage cash flow and be paid promptly is invoice financing. No more waiting weeks for the payment to arrive in your business account. Invoice factoring, invoice discounting, and selective invoice financing are the three different methods of invoice finance.

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Merchant Cash Advance

A Merchant Cash Advance is available to any dental business that accepts credit and debit cards (also known as a Business Cash Advance or PDQ loan). A Merchant Cash Advance requires only a percentage of transactional sales to be taken as reimbursement for the unsecured cash infusion rather than regular monthly instalments. With this financing choice, your repayments will follow the course of your company dealings.

How can a dentist business loan be used?

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Frequently Asked Questions

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A Dental Practice Loan is a specialised financial product created to cater to the specific needs of dental practitioners. This can be used for various purposes like purchasing equipment, expanding the clinic, managing operational costs, refitting facilities, or acquiring other practices.

Qualified and registered dental practitioners looking to grow their practice, improve their clinic, or manage operational costs are typically eligible for Dental Practice Loans, given they meet the lender’s specific criteria.

Once a Dental Practice Loan is approved, the lender provides the borrower with a lump sum. The borrower then repays this, along with interest, in fixed instalments over a specified term.

Dental Practice Loans can usually be utilised for a range of business-related expenses in the dental field. This includes acquiring new practices, refurbishing the clinic, buying new equipment, covering operating expenses or even funding continuing professional development.

While the timeline can vary between lenders, many loans can be processed within a few days to a week once all required documentation has been provided. The specific timeline primarily depends on the lender’s policies and the completeness and complexity of your application.

Interest rates on Dental Practice Loans differ based on the lender, the amount of the loan, the term of the loan, and the creditworthiness of the borrower. It’s recommended to obtain rates from multiple lenders to ensure you are receiving a competitive rate.

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The amount you can borrow under a Dental Practice Loan significantly varies based on multiple factors like your professional standing, income, credit history, and the lender’s polices.

The repayment period for Dental Practice Loans differs from lender to lender and depends on the loan amount. It can range from a few months for smaller amounts up to several years for larger loans.

The requirement for collateral depends on the specific terms of the lender. Some types of loans may require you to pledge assets as security, while others operate on an unsecured basis. Please review the loan terms or consult your lender for specifics.

The application process may vary between lenders. However, it typically involves submitting an application form, providing proof of income, and presenting other supporting documents such as professional registration and a detailed business plan.

Many lenders will allow you to repay your loan early. However, certain lenders might charge an early repayment fee. Please review the specifics of your loan agreement or consult your lender.

Non-repayment of your Dental Practice Loan can lead to increased interest rates, penalties, damage to your credit rating, or even legal action. If you face difficulties with repayments, you should communicate with your lender promptly for potential solutions.

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