IBC Bank is now offering commercial loans for dental practices.
The product was developed in collaboration with IBC Bank-Oklahoma Senior Vice President Andy Levinson, who has helped his wife with her dental practice for nearly five years. Levinson's understanding of the challenges dentists face today includes knowledge of equipment costs, staffing issues, and marketing, IBC noted in a press release.
IBC provides up to 100% financing and makes credit decisions based on cash flow instead of a practice's underlying assets. Loans can be used for expanding, updating, or relocating practices.
IBC loan benefits include customized loan payments and terms, available working capital, the ability to deposit checks from the office, nationally competitive merchant rates on debit and credit card payments through First Data, and life, disability, property, and casualty coverage through IBC Insurance.
