Specialized lending program provides boost for dentists

For dentists who are interested in owning a practice or those who are ready to expand, Matsco provides customized financing programs and support from dental industry experts. As the only lender endorsed by ADA Member Advantage, the company’s lending philosophy is unique.

Matsco provides practice financing based primarily on the income of the practice rather than personal assets such as a home. This allows dentists to preserve the equity of those assets for future use, while enabling new graduates and others with fewer accumulated assets to more easily make the leap to ownership.

“We truly understand the business of being a dentist, and we know what it takes to create a thriving practice,” said Allison Farey, Matsco president. “Traditional lenders require a down payment and secure the loan on personal assets. We don’t ask for that. We provide financing based on the projected revenues of the practice, and we manage the details of the financing program so that the dentists can stay focused on producing dentistry.”

When Dr. Ashish Patel of Marietta, Ga., was seeking funding for a new practice, he didn’t realize he could obtain a loan based on the projections for his new business.

“I always figured I’d have to use a house as an asset for my loan,” said Dr. Patel. “But with Matsco, that wasn’t true. They trusted my track record and they believed in my vision, and they were able to financially support me based on those two things.”

All Matsco clients are enrolled in the Practice Success program, which provides professional support and business planning tools along with personalized service. Matsco’s team of industry experts is dedicated to ensuring that clients’ projects are completed on time and on budget. For Dr. Patel’s new practice, Matsco representatives provided counsel every step of the way, such as selecting the right office equipment and software, getting a business license and developing a marketing strategy.

“I didn’t even have a mortgage at the time, and I was still in debt from dental school,” said Dr. Patel. “I had a lot of fears and anxiety about the process. But it was so easy with Matsco. I didn’t even look anywhere else.”

ADA members are eligible for preferred interest rates and free business planning tools through Matsco. If you’re interested in owning a practice or looking to expand, find out more at www.matsco.com or call 1-888-937-2321.