Financing New Technology For A Growing Dental Practice

Dr. Mandel runs a growing general dental practice with a strong patient base but outdated imaging equipment and a manual scheduling and billing process. He wanted to modernize the practice's software and add new equipment yet banks required significant personal collateral and a long approval process.

Traditional lenders focused on old financial statements and requested more personal collateral than Dr. Mandel was comfortable pledging.  The bank's drawn out application process stalled the upgrade plan and left the team working around outdated equipment and paper-based workflows.

Eighteen months after funding the practice reported a twenty eight percent increase in monthly patient volume, a fifteen percent reduction in appointment times due to faster imaging, a twenty percent improvement in billing collections, and enough demand to justify hiring a part time hygienist.

After reviewing insurance reimbursement history, business bank statements, and patient volume, Purple Tree Funding structured a three year term loan that matched payments to the practice’s cash flow and did not include a prepayment penalty, allowing Dr. Mandel to invest in new imaging, software, and operatory renovations.