Dental Practice Purchase Loan: How IMS Financial Helped Me Rebuild My Credit and Secure $150,000 in Practice Financing
Buying a dental practice is a big move—financially and professionally. I’m Dr. Emmanuel M., and after years of building my patient base and improving my clinical skills, I finally decided it was time to take the leap and purchase a practice of my own. I had a clear vision, a great location in mind, and the operational plan to back it up. What I didn’t have was a strong credit score.
I reached out to IMS Financial to apply for a dental practice purchase loan for $150,000. I’d worked with them before, and I trusted their experience in helping dentists like me secure the capital we need. However, this time around, my financial situation was more complicated.
My Credit Challenges—and a Strategic Pivot
Due to several collection accounts and high balances on revolving credit, my score had taken a serious hit. I had already tried applying with other lenders, but the moment they saw my credit report, they declined me outright—no questions asked.
IMS took a different approach. After reviewing my situation in detail, they proposed a two-step strategy: rather than applying for the full amount right away, they suggested I first take out a smaller loan to pay down $40,000 in high-interest revolving debt. This move would increase my credit score and give me a much stronger chance of being approved for the full $150,000 dental practice loan in the next round.
Approved for $40,000—and a Plan That Worked
I agreed to the plan and applied for the initial $40,000 loan. IMS processed the application quickly and approved me despite my credit history, because they understood the purpose behind the funding. Within days, I had the funds in hand and used them to reduce my balances across multiple accounts.
As expected, my credit score improved significantly after paying down the debt. I followed up with IMS shortly after and prepared to apply for the full practice purchase loan.
The Road to Practice Ownership
IMS honored their commitment to work with me through the process. With my improved credit profile, I submitted the next round of paperwork and was ultimately approved for the full $150,000, allowing me to move forward with the purchase of my dental practice.
Today, I own the office I once dreamed about, and I’m serving a growing patient base in a practice that reflects my values and vision.
Why IMS Financial Earned My Loyalty
What made IMS different wasn’t just the funding—it was their willingness to work with me when others wouldn’t. They saw potential where other lenders saw risk. They created a path forward and stuck with me through the entire process.
If you’re a dentist with credit challenges but a clear plan for growth, I highly recommend IMS. Their dental practice purchase loans are more than just financing—they’re solutions built around your goals and real-world challenges.
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
