Dental Practice Equipment
Case Overview
Reason: Equipment Upgrades
Funding Amount: $250,000
Approval: $250,000
Industry: Dental Practice
Use of Funds: Business Expansion
Program Type: Line of Credit & Working Capital
The Story
Nicholas Orchano discusses a dental office he secured funding for three separate times. He walked us through the dental clinic's needs, what types of funding they were looking to secure, and how he secured a line of credit for them.
The Details
The Client
Dental clinic owner based in Texas.
Actively growing the practice, now looking to open a third location.
Open and communicative from the first call.
The Situation
Needed funds to purchase a new X-ray machine ($45K–$50K).
Also needed $25K–$35K in working capital to maintain cash flow.
Sought flexible funding options and additional capital over time.
The Solution
Initial Round of Funding
Secured $85,000 in working capital on an 8-month term.
Covered the X-ray machine and provided extra funds for promotions/marketing.
Second Round (3 Months Later)
Approved for a $55,000 line of credit on a 15-month term.
Provided flexibility and revolving access to funds.
Third Round
Secured $100,000 more in working capital on a 15-month term.
Used part of it to pay off the first advance.
Netted $70,000 in additional capital for expansion.