Starting your own dental practice is exciting, but choosing the right loan can be overwhelming. SBA vs. Private Lenders for Dental Startup is one of the most important financial decisions you will make. Each option offers unique benefits, and knowing which works best for your needs can save time and money. At IMS Financial, we specialize in helping dentists secure funding that supports their goals.
SBA Loans for Dental Startup Practices
An SBA 7(a) loan is ideal for dentists planning to purchase the property where their office will operate. These loans typically work best for professionals seeking $2 million or more in financing. They offer longer repayment terms and competitive interest rates, which help keep monthly payments lower.
However, SBA loans require a detailed application process and strict qualification standards. Approval can take weeks or even months. For more information on SBA loans, visit the SBA official loan guide.
Private Lenders and IMS Financial: Flexible Dental Startup Loans
When comparing SBA vs. Private Lenders for Dental Startup financing, private lenders stand out for speed and flexibility. Dentists needing up to $500K for working capital, debt consolidation, renovations, or equipment purchases can often get approved faster through private lenders.
IMS Financial offers quick funding solutions with less paperwork and more flexible qualifications. Whether you are starting your first office or expanding an existing practice, our practice-startup financing options are designed to move your plans forward without long delays.
Choosing Between SBA and Private Lenders for Your Dental Startup
If your goal is to own your building and you need a large loan, an SBA loan might be your best choice. If you want faster approval and smaller funding amounts, private lender loans are a better fit.
At IMS Financial, we guide dentists through every step of the funding process. Learn more about your options by visiting our Contact page or calling 800-650-5611.
