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Dental Practice Financing | Dental Practice Loans

Dental Practice Financing | Dental Practice Loans | Working Capital

dental practice loans

No Down Payment Dental Practice Financing

"Thank you for all your hard work. I got to the office on Friday and I been working very hard to get the financing I needed.

I really liked doing business with BRT and I will definitely recommend you to all my dentist friends."

Dr. Josh G., Delray Beach, FL

"The best ever, sharp, smart and confident company. 100% on top of everything. BRT Is Amazing. handled the whole process. They really know what they are doing and I wish I had the individual I dealt with on my team. They wouldn't take no for an answer from people that were used to saying this can't be done."

Dr. Ali M., Stamford, CT

"I just want to say, Thanks for helping get into my new practice! If it wasn't for you helping me and knowing the right lender, I would not be in my own dental practice today. Keep up the good work and good luck to you!"

Dr. Denise F., Hollywood, CA

"BRT financial did a wonderful job assisting me in the acquisition of my physician's loan. Their extremely prompt and courteous service made the process painless, while their attention to detail and willingness to listen allowed me to get the loan that best suited my needs! Thanks."

Dr. Andrew, MD, Wheaton, IL

"BRT Financial has an excellent level of customer service, an overall quality of service, excellent communication

and loved working with them througout the financing process. This was the 4th office I have purchased, and this was the best

service ever! BRT made the whole process effortless! Thank you so much. I will be using BRT Financial for my future projects."

Dr. Ian C., New York, NY

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BRT Financial, Inc.

450-106 State Rd. 13 N, Ste 408

Jacksonville, FL, 32259

Tel: (904) 551-6090

Fax: (904) 513-9229

Bus. Hours: 9:00am-6:00pm (EST)


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Chain Dental Practice vs. Private Office

Chain dental practices might seem to be the better choice to busy residents of Herndon, VA. Dentist offices that are part of a chain are usually nationally known, and easier to research before setting up appointments. Residents may opt to drive farther since the name of the chain is trusted rather than go to an unknown local dentist office. The same can be said of Oak Hill, Virginia dentist options. Unfortunately, many patients do not realize that they may receive better care in an individual, private office than in a big chain that is not located in their home town.

Private dental offices in your town often provide the friendliest service around. While it is true that major dental chains also have friendly employees, there is still nothing quite like going to a Herndon, Virginia dentist and knowing you will be seeing people from your own town. There is a good chance you have something in common with the people who work in the office, such as children who go to Hutchison Elementary School. At a chain dentist office, the friendly service may be detached and not as warm as it would be in your hometown.

Individualized care is a hallmark of private dentist offices, but can be hard to obtain at a chain dentist since there are so many patients. You will still receive quality care, but not like you would get at an Oak Hill, VA dentist. The premier dental care you would receive in your hometown could include your hygienist remembering if you prefer a certain type of toothbrush over another. Nearly half of the population of Oak Hill has a bachelor's degree and if you are currently in college, the office staff may even remember to ask you at your checkups how school is going. Personalized care like that may be hard to come by in chain dental offices.

Many people might also cite their insurance as a reason to go to the chain dental offices in other cities because they accept most types of insurance. While this is true, it is still worth checking with your local Oak Hill dentist or Herndon dentist. You may be able to drive a shorter distance and premier dental care that will still be covered by your insurance. Your local businesses lose money when you opt to go to other locations for common services like dental checkups, so it will benefit your specific area of Fairfax County if you visit your local dentists.


GE Healthcare Financial Services to Acquire HPSC, Inc.; Transaction Strengthens Medical and Dental Practice Offerings.

Business Editors/Health/Medical Writers


GE Healthcare Financial Services has signed a definitive agreement to acquire HPSC, Inc. (AMEX: HDR), a premier provider of financing to medical and dental practices with over $1 billion in managed assets. GE will acquire all of the issued and outstanding common stock of HPSC for $14.50 per share or a total consideration of approximately $72.4 million. The all-stock deal, which is subject to customary closing conditions as well as regulatory and HPSC shareholder approvals, is expected to close in late 2003 or early 2004.

"The transaction will give us a platform to extend our position in the rapidly growing physician/dental practice industry," said Rick Wolfert, president and CEO of GE Healthcare Financial Services. "HPSC has a best-in-class franchise and relationships with nearly 75,000 medical and dental professionals nationwide, as well as the leading suppliers to this industry."

Wolfert continued, "The combined organization will be able to introduce a broad mix of financial solutions to physician and dental practices, including: real estate financing, practice acquisition financing, equipment financing, patient financing programs, professional liability insurance, employee benefit programs and more. We're confident that both HPSC and GE customers will benefit from this strategic move."

HPSC, founded in 1975, was recently named one of the fastest growing publicly-traded companies in Massachusetts, ranking 50th on the Boston Globe's Globe 100. HPSC is headquartered in Boston, with approximately 130 employees in 22 offices across 13 states.

"We are extremely excited about joining with GE, and providing our customers with access to an even broader array of financial solutions," said John Everets, chairman of HPSC. "This is a tremendous opportunity because GE Healthcare Financial Services is the premier provider of financing solutions for healthcare organizations. We are confident that GE's proven commitment to growing its existing business will strengthen our existing relationships within the industry."

GE Healthcare Financial Services was advised on this transaction by Sandler O'Neill Partners, L.P. Keefe, Bruyette and Woods, Inc. advised HPSC.

About GE Healthcare Financial Services

GE Healthcare Financial Services, a unit of GE Commercial Finance, is the premier provider of capital, financial solutions and related services for the global healthcare industry. With $10 billion in assets and nearly 700 employees, GE Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending and vendor finance programs. With a dedicated focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services works with customers to create tailored financing solutions that help them improve their productivity and profitability. GE Healthcare Financial Services' Web site is www.GEHealthcare.com.

GE Commercial Finance, with approximately $200 billion in assets, offers businesses of all sizes an array of financial services and products. Based in Stamford, Conn., it is a part of GE, a diversified services, technology and manufacturing company with operations worldwide.

About HPSC

HPSC Inc. (AMEX: HDR) is a leading non-bank financial services company providing leasing and financing opportunities to medical and dental professionals across the United States. For more information, please visit the company's Web site at www.hpsc.com.

Where to Find Additional Information about the Acquisition:

General Electric Company (GE) and HPSC intend to prepare and file with the Securities and Exchange Commission (SEC) a registration statement that will include a joint proxy statement/prospectus of GE and HPSC, and other relevant documents in connection with the proposed merger. Investors and security holders are urged to read the proxy statement/prospectus and other relevant materials, when they become available because they will contain important information about GE, HPSC and the proposed merger. In addition to the registration statement to be filed by GE in connection with the proposed merger, and the joint proxy statement/prospectus to be mailed to the stockholders of HPSC in connection with the proposed merger, each of GE and HPSC file annual, quarterly and special reports, proxy statements and other information with the SEC. The proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by GE or HPSC with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov. A free copy of the joint proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by GE or HPSC with the SEC, may also be obtained from GE and HPSC. In addition, investors and security holders may access copies of the documents filed with the SEC by GE on GE's website at www.ge.com. Investors and security holders may obtain copies of the documents filed with the SEC by HPSC on HPSC's website at www.hpsc.com.

GE, HPSC and their respective officers and directors may be deemed to be participants in the solicitation of proxies from their respective stockholders with respect to the transactions contemplated by the proposed merger. A description of the interests of the directors and executive officers of GE is set forth in GE's proxy statement for its 2003 annual meeting, which was filed with the SEC on March 11, 2003. A description of the interests of the directors and executive officers of HPSC is set forth in HPSC's proxy statement for its 2003 annual meeting, which was filed with the SEC on April 15, 2003. Investors and security holders may obtain additional information regarding the interests of such potential participants by reading the definitive proxy statement/prospectus and the other relevant documents filed with the SEC when they become available.

Note regarding forward-looking statements:

This news release contains "forward-looking statements." Forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of GE resulting from and following the acquisition. These statements are based on management's current expectations and are inherently subject to uncertainties and changes in circumstances. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are factors relating to satisfaction of the conditions to the acquisition, GE's ability to successfully combine the businesses of GE Healthcare Financial Services and HPSC and to realize expected synergies from the acquisition, and changes in global, political, economic, business, competitive, market and regulatory forces. More detailed information about certain of these factors is contained in GE's and HPSC's filings with the SEC. Neither GE nor HPSC undertakes any obligation to update the forward-looking statements to reflect actual results, or any change in events, conditions, assumptions or other factors.


JPMorgan Chase, Detroit Development Fund and the W.K. Kellogg Foundation Announce $6.5 Million Loan Fund for Detroit’s Minority-Owned Small Businesses

DETROIT--(BUSINESS WIRE)--The Detroit Development Fund (DDF), JPMorgan Chase & Co. and the W.K. Kellogg Foundation (WKKF) today announced a new $6.5 million lending program for Detroit businesses owned by entrepreneurs of color and businesses that primarily hire people of color. The Entrepreneurs of Color Fund will boost economic opportunity for minority-owned businesses in Detroit by providing them with greater access to capital and business assistance, allowing them to grow, hire local and further contribute to the citys recovery.

Facilitated by DDF, a Michigan 501(c)3 Community Development Financial Institution (CDFI), the Fund will seek to provide financing for general contractors, small retailers and other neighborhood service businesses along with many other types of businesses. The Fund will help businesses that traditionally have lower credit quality, lack access to capital and staffing and primarily serve Detroits neighborhoods.

Small businesses have historically been at the heart of economic growth in Detroit, and they have the potential to reduce unemployment and expand opportunity for Detroiters.There are approximately 32,000 minority-owned small businesses in Detroit, according the U.S. Census. This ranks Detroit as the fourth largest U.S. city for the number of minority-owned businesses. Yet, despite their importance to the economy, recent research by Michael S. Barr, Professor of Law at the University of Michigan, says minority-owned businesses rely significantly more on investments of personal or family wealth than on outside debt or equity.

For Detroit's comeback to be a true success, there must be opportunity for the Detroiters who have stayed, said Detroit Mayor Mike Duggan. This new program fits perfectly with the work my administration is doing with Ken Harris and the Michigan Black Chamber of Commerce to make sure Detroit residents who want to start a business in their city have access to the capital and support they need to be successful.

The Entrepreneurs of Color Fund is very exciting for us and the Detroit small businesses it will support, said Ray Waters, President, DDF. The unique structure of the Fund allows DDF to provide a variety of lines of credit and loans to accommodate the needs of entrepreneurs of color. We are pleased to facilitate the pilot program and are grateful for the support of JPMorgan Chase and the W.K. Kellogg Foundation. We look forward to growing our lending in minority communities.

Through a $3.5 million grant provided by the JPMorgan Chase Foundation, as part of its $100 million commitment to the Detroits economic recovery, and $3 million in program-related investments from the Kellogg Foundation, the Entrepreneurs of Color Fund will provide short and long-term loans. Loan sizes will vary, but the average loan will range from $50,000 to $150,000. The Kellogg Foundation developed and initiated the Fund because of its long-standing commitment to equity and to Detroit.

Businesses receiving financing will be able to use the capital to expand, finance equipment, address short-term cash flow needs and provide contractor lines of credit. The Fund will also provide small business loan recipients with technical assistance such as networking, marketing, business plan development and cash flow management. Eligible small businesses must be majority owned by people of color or have more than half their workforce made up of people of color. During implementation of this initiative, DDF will also work with Max M. & Marjorie S. Fisher Foundations Detroit entrepreneurship programming efforts.

Neighborhood businesses are critical to Detroit's comeback, but many need access to the right capital to grow and thrive, said Janis Bowdler, Head of Community Development for Global Philanthropy, JPMorgan Chase. The Entrepreneurs of Color Fund is a unique approach that combines flexible financing and services to strengthen continued business growth in Detroits neighborhoods.

The Kellogg Foundation is not new to the idea of creating access to capital for people of color, said La June Montgomery Tabron, WKKFs President and CEO. We know that investment in people of color is essential for equitable and effective urban development and this nation's sustained economic dominance. We are proud partners with Detroit Development Fund, JPMorgan Chase and others who will join us to improve the economic opportunities for entrepreneurs, who are also parents, to better support their families and ensure success for Detroits kids.

Funding will allow the Entrepreneurs of Color Fund to provide loans and technical assistance and establish a loan loss reserve. The reserve will allow DDF to expand its lending criteria and help Detroit small businesses that traditionally did not qualify for a loan.

Detroits strength has always come from entrepreneurs who have a great idea and can build that into a business that thrives and creates jobs, said U.S. Senator Debbie Stabenow. This new public-private partnership will help business owners succeed and grow, creating jobs and opportunity across the region.

Michael Barrs recent research, Minority and Women Entrepreneurs: Building Capital, Network, and Skills, published by the Hamilton Project of the Brookings Institution, calls for greater support for minority-owned and female-owned small businesses.

Minority-owned businesses, including those in Detroit, often lack access to credit, to essential skills needed to survive and grow, and to business networks for mentoring and new business opportunities, said Michael S. Barr, Professor of Law at the University of Michigan. Increasing business formation by minority and female entrepreneurs is critical to improving the rate of entrepreneurship for the country as a whole, and generating new growth and jobs.

Interested Detroit small businesses can learn more about eligibility by contacting the Detroit Development Fund at (313) 784-9547 or vholsey@detroitdevelopmentfund.com.

About the Detroit Development Fund

DDF was established in 1996 with a mission to improve the quality of life for residents in underserved Detroit neighborhoods.A 501(c)(3) and certified as a CDFI, DDF provides term loans and lines of credit to small businesses, small contractors, and for-profit and nonprofit affordable housing developers. DDF currently manages $23 million in loan capital. Since lending activities began in 2002, DDF has closed over $36 million in loans to businesses in Detroit, which helped to retain approximately 1,200 jobs and created approximately 1,800 new jobs. Approximately 72 percent of DDFs small business loans have been made to minority owned companies, and over 1,400 housing units were rehabbed as a result of DDFs loans. DDF lending activities have leveraged over $200 million in public/private investments with more than $7 million in projects under management.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. The firm uses its global resources, expertise, insights and scale to address some of the most urgent challenges facing communities around the world including the need for increased economic opportunity. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About the W.K. Kellogg Foundation

The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal pioneer Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life. The Kellogg Foundation is based in Battle Creek, Michigan, and works throughout the United States and internationally, as well as with sovereign tribes. Special emphasis is paid to priority places where there are high concentrations of poverty and where children face significant barriers to success. WKKF priority places in the U.S. are in Michigan, Mississippi, New Mexico and New Orleans; and internationally, are in Mexico and Haiti. To learn more, visit www.wkkf.org or follow WKKF on Twitter at @wk_kellogg_fdn.