Many professions these days require that the most modern technology be used so that you can at least stay even with the competition, and hopefully get ahead of them. This is certainly true in the dental practice, where patients expect to be treated with the most modern methodologies and equipment. To ensure that your dental office doesn’t lose ground to your rivals, it would be worth your while to secure equipment financing for the dental equipment you need.

Equipment Financing for Your Dental Office

Equipment costs for your dental office will quickly add up to a significant total, and that means you will probably need some kind of equipment financing plan to stay on top of things. You’ll have two options when trying to work out financing, the first of which is to secure a loan which will allow you to purchase the equipment you need.

The second option involves equipment leasing, which amounts to a rental agreement for acquiring all the needed equipment. In exchange for that equipment, your dental office would pay a fixed monthly fee for a pre-specified time frame. When the term of the lease expires, you would then have the option of purchasing the equipment, extending the term of the lease, or simply walking away from it altogether.

In either case, you will have the equipment you need to make your practice more effective, and to satisfy your clients more fully. However, in a leasing arrangement, your dental office would not have to put down a major amount of capital to secure the equipment. The drawback to leasing would be that you don’t actually own the equipment, and are really just renting it for the term of the lease. This too can be rectified though, if you decide to purchase the equipment at the termination of the lease.

Need dental office equipment? 

Your dental office and practice will probably be much better able to achieve growth if you have all the equipment you need to accommodate clients. Contact us at Simplicity Capital Finance if your business falls into this category, because we may be able to provide the financial assistance you need to acquire that important equipment.