When shopping for a bank, it is important to understand that ‘traditional’ banks require collateral for a loan in order that they have something to seize and liquidate in the event that a borrower defaults in payment.  Therefore, it is normal and customary for the traditional lenders to request additional collateral over and above the assets of a dental practice as security for the loan. This ‘additional collateral’ takes the form of spousal guarantees and second positions on the residence.

For this reason, we recommend that you work with a ‘specialty lender’ that knows the business of dentistry and therefore does not require ‘additional collateral’.  Through the years we have worked with a lot of specialty lenders and can advise you as to which specialty lenders best suit your purchase needs.



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