Going to the dentist used to be a strictly medical procedure. Whether it be for preventative maintenance, or to address a cavity, tooth damage, or the need for root canal, most dentists offered the same array of services. Now, though, the dental industry is growing and evolving at an extremely rapid pace, and so are the demands of the patients.
Dental patients have come to expect a more spa-like environment in their chosen dental office. They want more esthetic services, and a more modern look and feel for the experience. Even dental marketing has become more demanding, as a web savvy audience comes to expect slick advertising for every service, including dentistry.
According to the National Health Expenditures (http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/Downloads/Proj2011PDF.pdf) report released in 2012, dental spending by consumers is projected to increase at an average annual rate of 5% through 2021. In addition, a Dental Economics survey released in November 2012 indicates that patient volumes are finally reaching their prerecession numbers. In order to capture this market share, stay ahead of customer demand, and remain competitive in their neighborhoods, dental offices must invest in certain upgrades, inventory, new equipment, digital technology, or marketing campaigns.
But how is a high volume, but often cash-poor industry to pay for all of these upgrades and improvements?
According to DentistryIQ.com, “One of the best alternative finance options for dental offices is in the form of an unsecured loan or merchant cash advance (MCA). This type of financing offers businesses a lump sum payment in exchange for a share of future credit card sales. An MCA is a quick and flexible financing option that can provide solid businesses with necessary capital in a matter of days, not months like traditional lenders. Also, while banks require approximately five years in business, most MCAs will provide financing to businesses in operation for just one year.”
Eliasson Capital has a specific MCA program created specifically for dentists.
Eliasson Capital’s Merchant Cash Advances for Dentists program provides you with the cash you need immediately and the flexibility choose how you pay back the loan.
You may choose to extend your payments over time, for more liquidity, or pay the advance back early, to save on interest. The choice is yours, and their experience in the Dental industry means they know your business almost as well as you do.
When you’re ready to take your practice to the next level, rather than going through the traditional long processing times and high interest, consider utilizing an Eliasson Capital Merchant Cash Advance, and start attracting more customers today!