Dentistry Financing Solutions. Committed to your success

Transcription

1 Dentistry Solutions Committed to your success

2 Practice Solutions Bank of America Practice Solutions has the experience and interest to understand your practice. The financial specialists at Bank of America Practice Solutions take the time to ask the right questions and come up with financing specifically designed to help you succeed. products and services to help you succeed We ll give you a solution to meet your goals Introduction New Practice Start Ups Practice Sales and Purchases Business Debt Consolidation Visit bankofamerica.com/practicesolutions or scan the code to learn more Our partnership advisory approach is unique in the industry. No matter where you are in your career, we will tailor our financing to fit your situation. The financial specialists at Bank of America Practice Solutions understand that a dental practice has unique cash flow concerns, and we have the expertise and flexibility to help you improve your bottom line. We offer longer repayment terms than anyone, to help keep expenses under control and graduated payment plans that put you in charge of your money. Office

3 New Practice Start Ups Get started with up to 100% financing * Run your practice like a business with Practice Heartbeat Our complimentary Practice Heartbeat Program is designed to help you develop the management, analytical and competitive skills so crucial to growth. Our personal financial specialists can introduce you to our unique Practice Heartbeat Program whether you re just starting out or acquiring a practice for the first time, we ll assign you a personalized project manager who can help you prepare for what lies ahead. We recognize that start-up practices may have low initial cash flow, so we offer the option to make no payments at the beginning with graduated payment options for up to 36 additional months. That s three additional years to get up and running with help from Bank of America Practice Solutions. 100% financing for everything from design fees to cabinetry Longer terms up to 15 years Up to 12-month rate lock, through project build-out phase, to protect against potential rate changes A dedicated project manager resource to help get things done on time and within budget Working capital to help you get started Complimentary Practice Heartbeat Program for first-time practice owners New Practice Start Ups Practice Sales and Purchases Business Debt Consolidation Office

4 Practice Sales and Purchases Flexible loans for buying or selling your practice * We provide customized financing solutions, including a number of financial programs designed to meet your needs and simplify your life. Choose from practice purchase and real estate combination loans offering the ultimate in flexibility and control, with principal reduction and early payoff options. Practice Sales and Purchases Up to 100% financing plus additional working capital available 12-month, interest-only options that let you make lower payments Longer terms than anyone else in the industry up to 20 years Fixed rate terms to meet your specific needs Buying a practice Purchasing a practice is something you may do just once in your lifetime. That s why you need someone who can make it as easy as possible, from start to finish. We ll offer resources you can use to analyze the practice you re considering buying including location, patient base, fee structure and more. Selling a practice With Bank of America Practice Solutions, you ll have access to our team of financial specialists that can help ensure a smooth transaction. You can also take advantage of our Buyer/Seller referral network and partnership buy-in programs. Business Debt Consolidation Office

5 Business Debt Consolidation Improve cash flow An experienced Bank of America Practice Solutions Specialist can show you ways to improve your business cash flow based on your practice s income, debt level and plans for the future. Your specialist will work closely with you, discussing the alternatives and helping you establish the best course of action. Reduce your payments * Pay off higher-rate business debt and lower your overhead Interest-only payment plans Keep payments low with fixed-rate terms up to 15 years 5% 16% 4% 75% We offer sensible borrowing solutions at competitive rates, including financing at up to 90% of your practice s equity, to help you consolidate debt and lower your monthly payments. * Consult your tax advisor; loan interest may be tax-deductible Average loan breakdown example Lines of Credit $10,000 Loans $50,000 Business Debt Consolidation Office Business Credit Debt $15,000 Current Practice Loan $250,000

6 Office Expand or remodel The healthcare financing experts from Bank of America Practice Solutions can help you determine cost-effective methods for remodeling and expanding, and discuss financing alternatives to help you achieve a more profitable practice now and in the future. * 100% financing for design fees, renovations and construction, equipment, cabinetry and more 12-month interest-only options Option to make no payments during the draw period Longer repayment terms up to 20 years Up to 12-month rate lock, through project build-out phase, to protect against potential rate changes Office

7 Up to 100% financing when you re ready to own your building Whether you re planning on buying a property or refinancing an existing site, we have financial products that allow you to own your practice sooner. While most lenders would require you to make a significant down payment, we don t. In addition to providing a first mortgage, we can supply you with a loan for your down payment. * Enjoy flexibility and control, with principal reduction and early payoff options. A suite of financing options Choose from first mortgages, down payment loans, refinancing and more including practice purchase and commercial real estate combinations. Conventional loans with simple applications and short approval times Minimal down payment to help you realize your dream with little cash out of pocket Up to 12-month interest-only options to let you make lower payments at the beginning of the loan Payment schedules up to 25 years to keep payments affordable 51% owner occupancy required

8 Your patients deserve the latest technology * When your equipment breaks down or becomes obsolete, you may need to replace it quickly. Just fill out our Express Application, available on loans up to $300,000. There are no application or closing costs and you ll receive a decision on your loan in as little as 24 hours. Upon approval, funding can happen within three business days. 100% financing for everything from installation to training, supplies and equipment costs Preserve working capital with 3- or 6-month deferred payment options and no pre-payment penalty Simple interest payoffs and principal reductions that put you back in control Flexible payment structures with terms up to 10 years financing options available for loan amounts greater than $300,000

9 Get financing for education, practice management or consulting services * If you need financing for staff training, equipment, management or consulting services, our convenient Express Loans offer: Loan amounts from $10,000 to $100,000 Up to $10,000 for travel expenses No application fees and no prepayment penalty Terms up to 84 months on unsecured loans 3- or 6-month deferred options available Fixed rates Demographic site analysis Whether you re looking for a potential practice location or have already established one, you can get detailed, fact-based insight into the patient base you want to attract through a third party analysis of the geographic, social, economic and growth potential of your chosen area. The report is an excellent tool to help you understand the needs of your target market.

10 Project management Because we re committed to your success, we ll assign a dedicated professional to attend to every detail of your loan. Serving as your communication liaison, your project manager will establish a budget, monitor disbursements and provide guidance. * All programs subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. The term, amount, interest rate and repayment schedule for your loan, and any product features, including interest rate locks, may vary depending on your creditworthiness and on the type, amount and collateral for your loan. Bank of America may prohibit use of an account to pay off or pay down another Bank of America account. Bank of America Practice Solutions makes no express or implied warranties with respect to any aspect of the Practice Heartbeat program, nor does it guaranty any success or promise any results, and hereby disclaims the same to the extent allowed by law. The opinions of Bank of America Practice Solutions are based upon prior experience, and it makes no promise or guaranty that you will achieve any particular measure of success or results by participating in the program. You are not bound by any recommendations provided under this program and retain full responsibility for the results achieved by your professional practice. Depreciation allowances under Section 179 and other provisions of the Internal Revenue Code are available to you regardless of whether you obtain financing from us. You should consult with your tax advisor for your actual tax benefits. Bank of America Practice Solutions engages Scott McDonald & Associates, a national marketing firm specializing in demographic research, site analysis and profile reports for health care professionals to produce a demographic report to assist health care professionals in evaluating where to locate their professional practices. Scott McDonald & Associates charges a fee for this service, which is passed on to the customer. Bank of America Practice Solutions (the Bank ) tool within this advertisement requires Internet access. The Bank does not offer or provide an Internet service provider for your personal access and usage purposes. Please check with your Internet service provider due to charges and fees which may apply. Bank of America is a registered trademark of Bank of America Corporation. Bank of America Practice Solutions is a division of Bank of America, N.A Bank of America Corporation ARLJWC99 PS-DEN-TB-AP Rev date 02/14

11 600 North Cleveland Ave, Suite 300. Westerville, OH bankofamerica.com/practicesolutions Phone: