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Select a Lender Who Can Meet Your Needs

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Dentists have unique financing needs. Practice construction costs vary depending on where you are located, but can average $150 to $250 per square foot for building operatories, office space and reception areas. Additional funding is required for advanced dental equipment, computer systems integration and décor.

Look for a lender with dental industry experience who is familiar with the construction process and special requirements of dental practices:

• Is the lender able to provide cash flow funding to support business operations during and after construction?

• Can the lender allow a flexible repayment structure that increases payments over time as your practice grows?

• Does the lender offer practical and valuable incentives for building an ongoing relationship, or are they interested only in an independent project transaction?

To ensure you have a financing partner who understands your needs and can act as your advocate through the life of your loan, work with a direct lender rather than a financing broker. While financing brokers can shop a good “deal,” they are not necessarily in a position to evaluate and support the full scope of your financing needs and can ultimately cost additional time and money.

Building or Refreshing Your Dental Practice

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