Bank Financing

Dental practices need financing for a variety of reasons. These may include new acquisition, construction, or to satisfy a variety of general cash flow and operational issues.   

Requesting a business loan without adequate preparation sends a negative message of high risk to the lender. It pays to be prepared and organized in your approach for financing.

Accounting for Dentistry works with your lender, or with a variety of lenders with whom we have favorable relationships.

As with all of our work, Accounting for Dentistry provides an authoritative industry expertise that satisfies the concerns of lenders.

You get the money you need because we know exactly what banks want to see. Even more importantly, we know how to reassure them that your dental practice is capable of generating the returns that satisfy the loan.

A typical lending proposal will provide:

• Executive Summary: Where we concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it's needed.

• Pro-forma Cash Budgets and Financial Statements: We use your data and underlying assumptions to prepare information that your banker can easily read and buy in to.

• Owners Personal Financial Statements: We typically provide 3 years of personal financial data for the bank as well as identify the collateral being pledged as security for the loan.

• Representation: We help substantiate your financial needs/position to your banker in person via Accounting for Dentistry's unique authority on the financial aspects of dental practice.