How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 6 of the best dental equipment financing options
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
Bank of America Health Care Practice Loan | Best for Bank financing | $5,000,000 | Undisclosed | Read Review |
SBA 7(a) loan | Best for SBA financing | $5,000,000 | 650 | with Fundera by NerdWallet |
National Funding - Equipment Financing | 4.5/5 Best for Startups | $150,000 | 600 | with Fundera by NerdWallet |
Triton Capital - Equipment financing | 4.0/5 Best for Bad credit | $250,000 | 575 | with Fundera by NerdWallet |
JR Capital Equipment Financing | 4.1/5 Best for Large loan amounts | $10,000,000 | 620 | with Fundera by NerdWallet |
Balboa Capital - Equipment Financing Read Review | Best for Fast funding | $500,000 | 620 | Read Review |
Here are 6 of the best dental equipment financing options
Best for Bank financing
Best for SBA financing
Best for Startups
Best for Bad credit
Best for Large loan amounts
Best for Fast funding
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Our pick for
Bank financing
Bank of America’s dedicated dental practice loans can be used to purchase equipment for your business. Endorsed dental group members and veterans can access fee discounts.
Bank of America Health Care Practice Loan
Pros
- Can fund startup practices; interest-only and graduated payment structures available for startups.
- Fee discounts for veterans and endorsed medical group members.
- Dedicated project managers assigned to project-based loans.
Cons
- Loan terms, interest rates and qualification requirements not available online.
- Must call to learn more about financing options and how to apply.
- Cannot make loan payments online.
Bank of America Health Care Practice Loan
Pros
- Can fund startup practices; interest-only and graduated payment structures available for startups.
- Fee discounts for veterans and endorsed medical group members.
- Dedicated project managers assigned to project-based loans.
Cons
- Loan terms, interest rates and qualification requirements not available online.
- Must call to learn more about financing options and how to apply.
- Cannot make loan payments online.
Qualifications:
- Bank of America does not specify qualification requirements for these loans on its website, but like all bank financing products, you’ll likely need to meet strict eligibility criteria to qualify.
Our pick for
SBA financing
SBA 7(a) loans can offer equipment financing up to $5 million. These loans have long repayment terms and competitive interest rates.
SBA 7(a) loan
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Personal guarantee is required.
- Collateral is typically required.
- Longer processing times than online lenders.
SBA 7(a) loan
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Personal guarantee is required.
- Collateral is typically required.
- Longer processing times than online lenders.
Qualifications:
- For-profit U.S. business.
- Unable to access credit on reasonable terms from nongovernment sources.
- Financial qualifications determined by individual lender.
Our pick for
Startups
If you have at least six months in business, you may be able to get equipment financing from National Funding.
National Funding - Equipment Financing
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing.
National Funding - Equipment Financing
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing.
Qualifications:
- Minimum credit score: 600.
- Minimum time in business: Six months.
- Minimum annual revenue: $250,000.
Our pick for
Bad credit
Triton Capital can provide dental equipment financing to borrowers with a minimum credit score of 575 or higher.
Triton Capital - Equipment financing
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Triton Capital - Equipment financing
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Qualifications:
- Minimum credit score: 580.
- Minimum time in business: Two years.
- Minimum annual revenue: $150,000.
Our pick for
Large loan amounts
JR Capital can fund both new and used equipment purchases. Loans are available in amounts up to $10 million.
JR Capital Equipment Financing
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
JR Capital Equipment Financing
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
Qualifications:
- Minimum credit score: 620.
- Minimum time in business: Typically two years, but can prioritize industry experience in some cases.
- No minimum annual revenue requirement.
Our pick for
Fast funding
Balboa Capital can approve applications in as little as one hour and issue funds the same day.
Balboa Capital - Equipment Financing
Pros
- Multiple financing options available.
- Fast funding and simple application process.
- Accepts borrowers with fair credit.
Cons
- Lack of pricing information on website.
Balboa Capital - Equipment Financing
Pros
- Multiple financing options available.
- Fast funding and simple application process.
- Accepts borrowers with fair credit.
Cons
- Lack of pricing information on website.
Qualifications:
- Minimum credit score: 620.
- Minimum time in business: One year.
- Minimum annual revenue: $100,000.
What is a dental equipment loan?
- Dental patient chairs.
- X-ray imaging equipment.
- Sterilization tools.
- Air compressors.
- Nitrous oxide systems.
- Exam lighting.
- Hygiene tools.
- Storage and cabinets.
- Dental software.
How does dental equipment financing work?
Dental equipment financing vs. leasing
Where to get dental equipment financing
Banks
SBA lenders
Online lenders
Equipment vendors
🤓 Nerdy Tip
Need financing for other use cases? Medical business loans can be used for working capital, expansion and renovations, among other purposes. Compare the best medical practice loans here.How to get dental equipment financing
- Basic information about you and your business.
- Personal and business tax returns.
- Personal and business bank statements.
- Business financial statements.
- Information on the equipment you want to buy.
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.