North Texas Dentistry Special Issue 2016 | Page 13

Wells Fargo Practice Finance Our goal is to make you successful without burdening you with unaffordable payments. We offer long term fixed rate options and ADA members receive preferred pricing and benefits. What do I need to prepare in order to get qualified for a loan? Johnette Green Business Development Manager [email protected] How does my student debt impact my ability to qualify for a loan? Specialty lenders that offer conventional loans understand that a new dentist will have higher student loan debt. With today’s low interest rates and long fixed terms, it is remarkably easy for a dentist to qualify for a practice loan. There are three requirements that we have to qualify for our practice loans: good credit, one year experience, and current residency status or citizenship. We do offer special programs for new grads that have less than one year experience. Is it easier to buy a practice versus starting a practice? How do I know which direction to choose? The first step on this part of your career path is defining your goals. Getting clear about your short- and long-term objectives allows you to examine the necessary skil