Financing New Technology For A Growing Dental Practice

Dr. Patel runs a growing general dental practice with a strong patient base but outdated imaging equipment and a manual scheduling and billing process.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 and add operatories 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. Patel was comfortable pledging, which stalled the upgrade plan and left the team working around slow equipment and paper-based workflows.

After reviewing insurance reimbursement history, 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. Patel to invest in new imaging, software, and operatory renovations.

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 collections, and enough demand to justify hiring a part time hygienist.