Funding Equipment Purchases for Dental Practices: 101
When you begin a dental practice, it is quite likely that you will need funding in order to acquire
the equipment required to serve your patients and enable positive oral health outcomes—while also growing and expanding your business. However, it can also feel confusing when determining if you are qualified to receive such funding, as well as truly understanding all the options that are available to you.
In this new blog, the equipment funding experts at LenDRgroup Consulting will explain what you need to know about obtaining funding to purchase equipment for your dental practice and help you gain clarity on what to expect when looking for financing.
What is Dental Equipment Financing?
Dental equipment financing is a loan or a line of credit that allows you to buy new or upgraded
equipment or tools for your practice. This type of funding can also allow you to address your practice’s changing needs as you grow, expand, or provide new services to your patient base.
This type of financing will usually be structured around monthly payments spanning over terms
that last multiple years.
Pursuing and obtaining this type of equipment funding allows you to ensure your practice remains ahead of the curve as new technology enters the market and when providing best-in-class patient care. When done correctly, it can help you build affinity amongst your patients while improving your bottom line. Read more about the benefits of this kind of investment here.
What Types of Dental Equipment Can Be Purchased?
There is some essential equipment every dental practice needs as they begin operations as well
as during growth or expansion phases. Here are some of the most common forms of equipment
and technology your dental practice will likely require:
- Intraoral cameras
- Chairside CAD/CAM systems
- 3D imaging systems
- Surgical microscopes
- Dental operating lights
- X-ray imaging equipment
- Sterilization equipment
- Dental lasers
- Endodontic equipment
- Dental sleep medicine equipment
- And more…
that you are able to finance almost any type of equipment or technology that you need to
effectively run your dental practice.
What Are the Benefits of New Dental Equipment?
When you opt to implement new dental equipment in your practice by financing it, it is likely
you will experience the following benefits:
- Improved procedure accuracy
- Lower maintenance costs
- Efficiency and scheduling improvements
- The ability to introduce new service offerings to your patients
- Enhanced patient care and an increase in patient loyalty
At the end of the day, when you show your patients you are making an investment in new
equipment and technology, you are likely to spur confidence and loyalty with the customers
you serve. They will feel good about putting their oral health needs in your hands because they
know you care about their wellbeing and want to realize a positive outcome.
What are Dental Equipment Financing Rates?
At this point, you may be curious to learn how dental equipment financing could help you grow
your practice—and you may be interested to know what the current interest rates are for this
sort of service.
Firstly, know there are a variety of programs that you could qualify for… and the team at
LenDRgroup Consulting would love to learn more about your objectives to find the best
financing solution for you and your practice goals. We invite you to visit us online to learn more about our capabilities and how we exclusively help dental practitioners like you realize their practice goals and dreams. What’s more is that right now is the time to act—our special equipment financing rates have been just been extended. Did we mention you can apply online?
There has never been a better time to ensure your practice has the equipment you need to better serve your patients. Contact us today!