ADA News

While today's economic environment is challenging, there are still a number of financing options available to dentists looking to own their practice or build.

Practitioners interested in purchasing an existing practice or buying their current building will most likely need financing options that provide maximum flexibility to preserve capital and cash flow and the security of stable payments.

Matsco, Wells Fargo's practice finance group, meets that need by offering access to a SBA 7(a) loan with a fixed rate for the life of the loan. Matsco is the only practice financing company endorsed by ADA Business Resources.

SBA 7(a) loans can be used for the purchase of real estate, practice expansion, acquisition of a practice, equipment or as working capital. The fixed rate option includes the same features of all SBA loans:

• Low down payment (as little as 10 percent down for real estate purchases);
• Low monthly payments (with long repayment terms and no balloon payments).

With the fixed rate option, dentists can now fix their rate for the entire term of the loan.

That means interest rates can be fixed for up to 25 years on commercial real estate purchases and up to 10 years on business acquisition.

ADA members can take advantage of these SBA financing terms and also get the peace of mind that comes with a fixed rate for the life of the loan—with no balloon payments. With rates at alltime lows, now's the time to take advantage of this unique opportunity and get a fixed rate for the life of the loan.

For more information about Matsco's financing programs, call Dave Kaneda, vice president, Commercial Real Estate, at 1-800-326-0376, Ext. 3230.