Dental Practice Acquisition Loan: How IMS Financial Helped Me Secure $100K—Even After a Credit Setback
Purchasing a dental practice is a major milestone, but it’s also one of the most financially demanding steps in a dentist’s career. I’m Dr. Martin M., and when the opportunity to acquire a new office came my way, I knew I needed fast, reliable financing to move forward with confidence.
I had already run the numbers and determined that I’d need $100,000 in practice acquisition funding to cover the upfront costs. This included legal fees, transition services, licensing, and a portion of the purchase price itself. Having heard great things about IMS Financial, I decided to reach out for a quote.
A Credit Score Drop That Nearly Derailed My Plans
Shortly after submitting my application, I received some unexpected news: a recent late payment had just posted to my credit report, dropping my score by nearly 100 points. I was shocked and concerned—especially because I had already been prequalified for a great rate.
Still, I chose to be upfront about the situation with the team at IMS. I explained the circumstances behind the late payment and asked if they could still honor the terms I had initially been quoted.
IMS Financial Stood by Their Word
To my relief, IMS didn’t penalize me for the change in score. They had already reviewed my full financial picture, and they knew my practice had a solid foundation. Instead of increasing my rate or rejecting the application, they moved forward—approving me for the full $100,000 and honoring the original low interest rate we had discussed before the credit drop.
The entire process took just a few business days. Their transparency and professionalism made a stressful situation much easier to navigate.
Using the Dental Practice Acquisition Loan Effectively
Once the loan was funded, I immediately:
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Paid the required deposit on the new practice
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Covered transition and legal costs
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Set aside reserves for staffing and marketing during the first 90 days of ownership
This dental practice acquisition loan gave me the flexibility to move fast and secure the practice before someone else did—without compromising my financial stability.
Why I Trust IMS Financial With My Practice Growth
Many lenders claim to support dental professionals, but IMS actually delivers. They understood the nature of the industry, the urgency of the opportunity, and the reality that one late payment shouldn’t outweigh years of responsible financial behavior.
If you’re a dentist planning to purchase a new practice, I can’t recommend IMS Financial highly enough. Their practice acquisition loans for dentists are competitive, fast, and fair—even when unexpected bumps arise.
Our mission has always been to provide Hassle-Free Financing for our clients.
We provide funding for Dental and Medical professionals to help meet a variety of needs, including:
- Working Capital
- Equipment Finance
- Practice Acquisition
- Practice Expansion
- Personal Debt Consolidation
- Cash Flow to Meet Payroll, Marketing, and Other Overhead Demands
