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Firstrust is here to help you take your dental practice to the next level. You’ll work closely with a dedicated Relationship Manager who understands the dental industry and will work with you to devise a financial strategy designed to help you achieve your goals.
Purchase or lease equipment with our flexible financing options to stay ahead of the competition.
Improve your cash flow, maximize investments, lower costs and simplify your accounting.
Capabilities that make payment transactions quick, convenient and easy.
Firstrust is a full-service commercial bank with an experienced team dedicated to serving the healthcare practice industry.
Our Relationship Managers have all the tools and technology they need to help your practice grow and succeed. They will provide you with customized financing and banking solutions that are tailored to meet your specific needs.
Acquiring another dental practice can be a smart growth strategy. It’s critical to work with a lender that understands how dental practice financing works. Firstrust Relationship Managers are experienced in practice acquisition financing and will help you navigate the process.
1. Use the right accounting software. Even if you work with an accountant or CPA, you still need to use a dental accounting software program to generate the data your accounting professional will need.
2. Be strategic when setting fees and salary levels. Fees represent the bulk of your practice revenue while salaries and wages represent a big chunk of your expenses.
3. Keep your overhead down. Every dollar you can save in overhead drops straight to your bottom line, boosting your profitability.
4. Invest in revenue-enhancing activities. There’s an old saying that you have to spend money to make money and this holds true when it comes to dental practice financial management.
The Healthcare industry can be complex and unique, that’s why we offer business loans and lines of credit that come in all sorts of shapes and sizes. There is no one-size fits all approach at Firstrust Bank. We can customize your interest rates, fees, payment terms, and credit limits to your needs. We can even offer flexible plans that allow the terms of your loans to change as your business grows.
We are happy to compare our programs to any of our competitors as not every financial institution matches the needs of every borrower. You should work with a bank that understands the healthcare industry and will offer you flexible financing terms as you grow your practice and move through different business life cycles.
Trick question! Both historical performance and projections are important, but they are only part of the story. We also want to get to know you and understand what makes your business tick.
You will work one-on-one with your own Relationship Manager. And, depending on your need, they may need to bring in an expert from another department, but your Relationship Manager will be your quarterback and designated point person.
Having the right tools to run your day-to-day practice is critical to your success. These tools help your cash flow remain strong, provide a better patient experience and could add to your bottom-line. There are a variety of factors that go into knowing which products and services are the right fit for your practice. Your Relationship Manager will look at your business practices and recommend the right solutions.
Relationship Managers are experts on analyzing the cash flow of a practice. They will be happy to walk you through the process.
Many successful healthcare practices find themselves in growth mode. Whether it's upgrading a facility, adding staff, buying a building or acquiring another practice, most practice owners find themselves turning to a bank to help them obtain financing to invest in their expansion efforts.
Yes, we have decades of experience working with clients in the healthcare industry. We know that each practice has unique needs and we can customize products and solutions to help you achieve your goals.
DISCLOSURES:
All credit, terms and conditions are based upon individual review and approval.
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