DENTAL PRACTICE LOAN CALCULATOR



Easily Estimate Your Monthly Practice or Real Estate Payment

Purchasing a dental practice is an exciting life event, but it can be a little daunting. Fortunately, with the right guidance and experience, the process is easily manageable. That’s where ADS Dental Transitions can help. We’ve created this loan calculator to give you a better idea of your monthly practice loan payment.


Just enter the values for each field and click the CALCULATE button.

 

Have a Transitioning Question?

Whether you’re new to transitioning dental practices or have experience with it already, we can help you make the process smooth and simple.

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Here’s Your Monthly Payment: (CALCULATOR RESULT)

Press "Calculate" to see monthly payment

A few things to keep in mind when you want to buy a dental practice.

There are a lot of things to consider when buying a dental practice. From dental practice loan rates to finding the right dental offices for sale, it can seem like a daunting endeavor. Fortunately, ADS Dental Transitions can make the process as smooth as possible. And while the dental practice loan calculator is an excellent start, we’ve put together a list of financing steps for buying a dental practice.

First, it’s important to consult with experienced advisors. In particular, using the buyer representation services like ADS offers, can be beneficial. ADS can provide a guide to buying a dental practice.

Next, it’s essential to understand how to value a dental practice for sale. An ADS broker will be able to help in this area.

Now let’s talk about financing. Access to acquisition financing relies on a good credit score. And when it comes to lenders, there are generally two types you will deal with: Dental specialty lenders or Commercial banks.

Dental specialty lenders typically only lend to dental or other health-care professionals and tend to offer fast lending decisions. They are able to offer fixed-rate loans with seven-, 10- or 15-year repayment schedules and for the most part, make fewer or no demands for collateral than commercial banks. ADS has a nation-wide network of preferred lenders who are ready to work with you today.

Commercial banks can be everything from small local lenders to national banks. They typically require their loans carry a variable interest rate and require a five-year repayment term. In addition, they generally require a greater amount of equity and/or collateral for their loans.

If you’re looking at starting up a dental practice, financing is one of the most important steps. ADS Dental Transitions has the experience and resources to help guide you when you’re ready to buy a dental practice.

Understanding Loan Terminology

Here’s a quick rundown of key financial terms and their definitions.

The amount the seller is asking for his/her practice.

A portion of the sale price that is not financed. Typically, the larger the down payment amount you make, the lower the interest rate will be on your loan.

Also known as operating expenses, this is the amount of money needed for initial day-to-day operational expenses until the practice generates enough profit. Working Capital is calculated by estimating the value of your current assets and subtracting the cost of your current liabilities.

A number between 300-850 that represents your level of creditworthiness based on credit history, levels of debt, repayment history and more. The higher the credit score, the better with 700 or higher being ideal.

This is the amount of time you have to pay off a loan.

The annual interest rate that is charged on a loan or earned from an investment.