Can Dental Offices Benefit from SBA 504 Loans?
Dentists have never been in higher demand than today. With increasing access to dental insurance and a better understanding of what constitutes good oral health, consumers have become greatly interested in taking care of their teeth, from whitening treatments to crowns. The industry is expected to enjoy $134 billion in revenue in 2018 due to that demand.
This makes now an excellent time to construct a new office, or expand your current office. Using an SBA 504 loan can make this simpler. These loans are designed for the needs of a growing business, and can be used to purchase real estate and buildings, construct new buildings, and even purchase necessary equipment, such as x-ray machines, whitening equipment, and even more advanced equipment, such as computerized crown machines.
SBA 504 loans cannot be used for working capital, though. If you need supplemental cash flow, then a 7(a) loan might be worth considering in conjunction with a 504 loan.
We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!