Bank of America

BANK OF AMERICA

Dental

When you need financing for your dental practice, you want to work with someone who understands your industry. For over twenty years, Bank of America Practice Solutions has helped dentists across the nation reach their goals through smart financial solutions¹ and expert guidance. Whether you own a practice or are just getting started, we can provide customized financial help for your short-term needs and long-term aspirations.

Practice Sales and Acquisition Promotional Offer2:

    • 1.89% for the First 2 Years and then a competitive rate through remaining term of loan
    • Minimum loan amount of $250,000
    • Applications from September 13, 2021 through March 31, 2022
    • Loan must fund by June 30, 2022

NEW - Business Debt Consolidation & Established Dentist Loans3:

  • 1.89% for the First 2 Years, then competitive fixed rate for term
  • Additional locations, Expansions, Remodels, and Relocation loans
  • Minimum load amount $250,000
  • Applications from December 7, 2021 through March 31, 2022
  • Loan must fund by June 30, 2022
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Purchase and start-up:

    • Practice sales and purchases
    • New practice start-ups
    • Owner-occupied commercial real estate products4

 

Growth and restructuring:

    • Improvement and expansion financing
    • Equipment financing
    • Practice debt consolidation1

 

Expert guidance. Personal attention. Real solutions.

Click here to have a Bank of America Practice Solutions Specialist contact you for financing options

1 All programs subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. The term, amount, interest rate and repayment schedule for your loan, and any product features, including interest rate locks, may vary depending on your creditworthiness and on the type, amount and collateral for your loan. Products and restrictions are subject to change. Bank of America may prohibit use of an account to pay off or pay down another Bank of America account.

2 For the limited time beginning with Practice Sales Acquisition (PSA) applications submitted on September 13, 2021, and ending with applications submitted on or before March 31, 2022, and booked and funded by June 30, 2022; a promotional fixed rate of 1.89% per annum for the first 24 months of the loan will be applied for qualified, approved loans only. Excludes all other Practice Solutions products, including, but not limited to: refinances, established, startups, debt consolidations, commercial real estate, and any product that contains a variable rate. Not eligible with interest only payments. To be eligible for the interest rate offer the loan must be a minimum of $250,000; loan terms must be 10 to 15 years in duration, include a five-year prepayment agreement; and the borrower, before loan closing, must have a demand deposit account with Bank of America that will serve as the primary business operating account of the borrower, and which demand deposit account must be maintained for the life of loan. If the borrower fails to maintain this demand deposit account with Bank of America at any time during the life of the loan, this promotional rate shall terminate, and the interest rate for your loan will increase by 1.00%. Your rate after the promotional period ends will be fixed for the remaining term, up to 15 years.

3 For the limited time, approved applications for debt consolidation, renovation, expansion, remodeling or relocation loans submitted from December 7, 2021 through March 31, 2022 will receive a promotional fixed rate of 1.89% per annum for the first 24 months of the loan term. Approved loans must be booked and funded by June 30, 2022. Excludes all other Practice Solutions products, including, but not limited to: refinances of existing Practice Solutions loans, startups, commercial real estate, special financing programs, and any product that contains a variable rate. Not eligible for loans with interest only payments. To be eligible for the interest rate offer, the loan must be for a minimum of $250,000, loan terms must be 10 to 15 years in duration, include a five-year prepayment agreement, and the borrower, before loan closing must open and maintain for the life of the loan a demand deposit account with Bank of America that will serve as the primary business operating account of the borrower. If the borrower fails to maintain this demand deposit account with Bank of America at any time during the life of the loan, this promotional rate shall terminate, and the interest rate for your loan will increase by 1.00%. Your rate after the promotional period ends will be fixed for the remaining term, up to 15 years.

4 For Owner-Occupied Commercial Real Estate loans (OOCRE), terms up to 25 years and 51% occupancy are required. Real Estate financing options are subject to approval and product availability is subject to change. For SBA loans, SBA eligibility and restrictions apply.

Bank of America Practice Solutions is a division of Bank of America, N.A. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. ©2022 Bank of America Corporation.​  MAP 4143088