Dental and health care practice financing and advice

Owning or becoming a partner in a dental or health care practice is one of the most satisfying achievements of your career. Blackhawk Bank can help you reach that milestone.

The experienced team at Blackhawk understand the needs of dental and family practitioners and will create an innovative package of financing and consultative services that takes into consideration the unique challenges and opportunities of your specialty. You’ll get flexible financing terms and, more importantly, reliable advice from trusted, local financial/business experts on things like:

increasing the value of your practice
treasury management and cash flow challenges
optimizing your practice management software
facilitating strategic conversations with your legal, accounting and human resources advisors
flexible lending programs for all situations, including student debt, new purchases and succession planning
negotiating equipment purchases and construction costs
inbound marketing ideas to help your practice grow
HR resources
and more!

Treasury Management Solutions

We specialize in streamlining your day-to-day cash flow efficiency; have more time to focus on growing your practice and increasing its profitability. Our Treasury Management Experts will show you how. To learn more about our Treasury Management services, click here.

Business Deposit & Sweep Accounts

Blackhawk Bank’s Business Deposit Accounts are designed to fit your level of activity, with earnings credits available. Your banker will discuss features and benefits with you to determine the right deposit account for you, and how to maximize excess balances while maintaining liquidity.

What types of practice needs can you finance?

We specialize in customized solutions for dental and other health care practices including financing for an acquisition, starting a new practice, relocating or expanding a practice, adding a new location or refinancing existing debt.

Acquisition financing covers the contents of the practice including accounts receivable, equipment, patient records and working capital. Construction financing is available for remodeling and/or an additional location.

You say your financing is innovative. How so?

First and foremost, as a LOCAL community bank, Blackhawk bankers have the expertise and autonomy to offer genuinely out-of-the-box thinking. Historically, we’ve structured loan packages that other banks couldn’t, wouldn’t, or lacked the knowledge needed to get it done. We can put together a loan package designed to meet your monthly out-flow requirements, with flexible terms and a competitive interest rate. With Blackhawk Bank, decisions are made right here – there’s no ‘big-bank’ corporate bureaucracy to navigate.

What are your interest rates?

Interest rates depend on final credit approval, length of the loan term, closing costs and market conditions. Loans at Blackhawk Bank are competitively priced and come with the benefit of an entire financial team working on your behalf. Our business banking experts will help you manage every aspect of your financial well-being.

What terms do you offer?

Terms are based on specific needs and the final loan request. We offer competitive fixed rates, limited time interest-only programs (contingent upon credit approval), no prepayment penalty and a full range of financial solutions.

Do you offer NO prepayment penalty for an early loan payoff?

Yes. You may make principal only reduction payments on your loan at any time.

What type of information do you require to get a Practice Finance Loan?

Requirements depend on the type of loan and typically include an application, personal financial statement, current resume, two to three years of federal tax returns, and the most recent profit and loss statement and balance sheet for your practice.

How long do I need to own my first practice before taking on a second?

Generally, we like to work with doctors who have owned their first practice for two to three years and have shown growth and consistent cash flow over the period of ownership. However, because every situation is different, let’s sit down and talk.

Do you offer an interest only payment program?

Yes, we offer a short-term interest only payment option.

What items will you finance for a start-up?

We finance leasehold improvements, equipment, working capital, major equipment, furniture and computers. Contact us to discuss options.

Do you require a business plan?

Yes. We usually want a business plan that summarizes why you want to do a start-up, the location you have selected and your marketing plans to grow the practice. In addition, we require two years of revenue and expense projections.

Do you offer equipment financing?

Yes. Blackhawk Bank offers financing for the purchase of practice-related equipment, such as diagnostic equipment and computer systems. It is available as an equipment only financing loan or it can be structured as part of any practice financing loan, whether start up, acquisition, expansion or relocation.