Dental Practice Funding
There are over 24,000 practicing dentists in Canada. Provide superior care and stay ahead of other practices in your area with up to $500,000 in funding from Greenbox Capital® in as little as 24 hours.
Dentist Funding You Can Trust
Traditional lenders often consider dentist loans to be low risk because of their high earning potential, high net worth, and stable income. While you may be able to get the dental practice funding you need from a traditional lender like a bank or the Canada Small Business Financing Program, the application process can take months and approval is never guaranteed. Opportunities to expand and grow your practice can easily slip away while you wait.
As an alternative lender, Greenbox Capital® can approve more dentist funding than traditional lenders—and we can approve your dental practice funding faster, with funds deposited in as little as 24 hours. With several dentist funding options from as low as $3,000 up to $500,000, Greenbox Capital can help grow dental practices in all specialties, including dentists, dental hygienists, orthodontists, oral surgeons, periodontists, and more.
How To Use Dentist Funding
There are no restrictions on how you can use dental practice funding from Greenbox Capital. Dentist funding is typically best used for supporting growth initiatives that will increase your practice’s revenue, such as:
- Upgrading or investing in new equipment or lab supplies
- Adding new services such as online billing and scheduling, online paperwork, expanded office hours, and additional services
- Investing in training for new dental care services
- Purchasing a new location or expanding your current practice
- Renovating your office to offer a more comfortable patient experience
- Energizing your marketing and advertising to bring in more patients
Alternative dentist funding can also help when you need a quick influx of working capital to meet the unique challenges of running a dental practice, such as:
- High cost of dental equipment, technology, and supplies
- New equipment and training
- High patient turnover
- Delayed or denied insurance claims
- COVID-19—dental practices now need to contend with greater operating costs and PPE requirements, which can put a strain on your cash flow
How Dentist Funding Works
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.
Will You Qualify for Dentist Funding?
Exact qualification requirements depend on the type of dental practice funding you are seeking. Approval for dentist funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your practice, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
Dentist Funding Q&A
I’m expanding my practice and want to invest in new equipment. Can I use alternative dentist funding to finance this expense?
Yes, adding new equipment to your dental practice can attract more patients and allow you to grow your practice. This makes upgrading or purchasing new equipment an excellent use of alternative dentist funding.
What do I need to do to qualify for a small business loan?
We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
How do I get funding for a dental practice?
You can get funding for a dental practice from traditional lenders like federal funding programs or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your practice. Contact one of our Funding Advisors to learn more.
I want to invest in training my staff on a new dental procedure. What is the best financing option for me?
One of our Funding Advisors can assist you with selecting the best option based on your unique situation. A small business loan, merchant cash advance, or collateral loan are all popular dentist funding options.
Why should I consider an alternative lender for my dental practice funding?
Traditional lenders can take weeks or months to review and approve your loan application, and most applicants are rejected. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, operating costs, supplies, and more, often in less than 24 hours.