Modernize Your Practice with Dental Equipment Financing from Capital MBS

Dental equipment is essential for providing high-quality patient care. However, many dentists find that purchasing it is expensive. To make these costs more affordable and manageable, consider dental equipment financing through Capital MBS.

Advantages of Dental Equipment Financing

Dental equipment financing offers several potential benefits that could help your practice thrive. Dividing the cost of your equipment into monthly payments can help you save capital and manage your cash flow more effectively. This lets you concentrate on other business aspects, such as marketing and growth.

Financing also allows you to invest in cutting-edge equipment and technology that can improve the quality of your service, increase efficiency, and attract new patients. A modern dental office with the latest equipment can significantly enhance patient care and satisfaction.

Different financing options offer various repayment terms, interest rates, and conditions, allowing you to select the plan that best meets your needs and budget. Additionally, the interest paid on an equipment loan may be tax deductible, providing further financial relief.

Types of Financing for Dental Equipment

Dentists have several options for financing dental equipment:

1. Equipment Loans: Specifically designed for equipment purchase, these loans usually provide a fixed interest rate and repayment period. Unlike traditional dental practice bank loans, equipment loans from Capital MBS often don't require a down payment.
2. Equipment Leasing: Similar to renting equipment, leasing involves making monthly payments over a specific lease term of 2-5 years. At the end of the lease term, you can return the equipment or purchase it for a small additional payment. Customized low-rate equipment leasing options are available to suit your needs.
3. Line of Credit: This is a flexible option for financing a wide range of expenses, including equipment. The variable interest rate allows for flexibility in accessing funds, and the loan can be repaid as soon as it is convenient.
4. Grants: Some government and non-profit organizations may offer grants for dental equipment purchases, which is a great option as the grant does not have to be repaid.

Selecting the Best Option for Your Dental Practice

When deciding on the best financing option for your dental practice, consider the following factors:

• Financial Needs: Determine how much money you need for financing and what repayment term works best for you.
• Credit History: Your credit history will affect your interest rate and loan terms.
• Type of Equipment: Some lenders may offer special financing terms for certain types of equipment.
• Loan Terms: Review all loan terms, including the interest rate, repayment period, fees, and pre-payment penalties.
• Lender's Reputation: Research the lender to ensure they have a good reputation and provide quality customer service.

Recommendations for a Successful Business Financing

In our experience, to get pre-approval for your dental equipment, you can do the following steps:

• Apply with Capital MBS: We have access to over 80 banks and can offer you many options without ruining your credit with hard inquiries. Enjoy benefits like low-rate competitive financing, a simple application process, fast same-day approvals, flexible programs, and 1—to 5-year terms.
• Apply with Your Local Bank: Before doing this, ask your banker if the bank will conduct a hard inquiry. Businesses may often be overfinanced by their bank, which may lead to a loan decline.
• Maintain a Good Credit History: Your credit history can affect your ability to get approved for a loan and receive favorable terms. Make timely payments on all of your loans and debts.
• Discuss Every Detail with the Lender: Before signing any loan documents, carefully review all terms and conditions, including the interest rate, repayment period, fees, and any penalties.

Modernize Your Practice with Dental Equipment Financing from Capital MBS

One way to modernize your practice, improve patient care, and boost your business growth is to consider financing or leasing new dental equipment through Capital MBS. By thoroughly researching the different options available, comparing quotes, and choosing the best plan for your needs, you can successfully obtain financing to help you achieve your goals and keep your small business finances in check.

Take the next step in modernizing your practice—contact Capital MBS today to learn more about our dental equipment financing options and how we can help you grow your business!