Line of Credit for Dentists

There are around 200,000 dental businesses in the United States. If you own a dental practice or cosmetic dental office, a bank line of credit may help you sustain and grow your business.

By Matthew Elling
Co-Founder and Consultant at Line of Credit Depot
Updated on February 10, 2021
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There are around 200,000 dental businesses in the United States. If you own a dental practice or cosmetic dental office, a bank line of credit may help you sustain and grow your business. You don’t have to go to the dentist to know how important dental health is. Most Americans take their dental care seriously, so dentists are in high demand. With this demand comes the opportunity to have a successful dental practice. As is true with any healthcare business, the expenses associated with actually providing care are expended prior to getting paid. Insurance companies only pay dentists after a procedure is done. This can make it challenging for dentists to operate their businesses with this constant A/R backlog. 


Our banks approve dental practices all across the country. We see that approvals for the dental industry are historically high, and the actual approval amounts are quite high; ranging from $150,000 to $300,000 credit facility approvals.


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When a dental office draws from a line of credit, they are generally needing cash to bridge the gap between operational expenses and future receivables. Insurance companies take a long time to payout, so seasoned dentists know that a cash cushion can help. Besides general planned expenses, such as rent and labor, unexpected expenses such as equipment replacement can get expensive. Even though imaging machines such as x-ray machines and dental tools can be financed, most often smaller instruments are paid in cash. These instruments are constantly needed for proper patient care. 


For each dollar spent on labor an estimated $0.08 is spent on capital expenditures. This shows that labor costs are high for dental hygienists and dentists alike. More patients is great to have, but labor will need to be increased if your practice has a high patient load. So, with more patients comes more need for staff. The cost of labor can get quite expensive, so dentists that have a large patient volume, but maybe have a slow collections process, often use a line of credit to pay wages. Patient out-of-pocket payments help with this cash-flow problem, but nonetheless, a credit gap can happen if dentists see more patients than they are currently being paid for at that particular time. 


Lines of credit for healthcare professionals are affordable and surprisingly easy to get. We take care of finding the right bank for your dental practice. Please visit our streamlined application to check your availability for a line of credit, also please keep in mind that we do not require a credit check to initially apply.


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