Iowa News

Empowering Dentists: Cedar Rapids Bank & Trust’s Support for Dental Practices

Jun 5, 2024
Published 3/25/24

In the realm of healthcare, dentistry stands out as a vital field ensuring the oral health and well-being of communities. For dentists aspiring to establish, acquire, or invest in a dental practice, navigating the financial landscape can be daunting. However, with the assistance of a strong community bank like Cedar Rapids Bank & Trust (CRBT), tailored financial solutions coupled with local decision-making offer a beacon of support.

As a community bank, CRBT brings a unique perspective to dental practice financing. Unlike larger financial institutions, CRBT’s Professional Practice Group fosters direct connections with local dentists, understanding their distinct needs and challenges for that practitioner. This localized approach allows for personalized financial solutions, empowering dentists to achieve their professional aspirations.

For dentists venturing into practice ownership for the first time, CRBT offers comprehensive support in launching a dental practice from the ground up. From securing initial capital for equipment and office space to managing cash flow during the establishment phase, CRBT provides guidance every step of the way. By leveraging our understanding of the local market and industry trends, CRBT ensures that new dental practices are set up for success from the outset.

Moreover, CRBT recognizes the value of existing dental practices seeking expansion or acquisition opportunities. Whether it is purchasing additional equipment, renovating facilities, or expanding service offerings, CRBT offers tailored financing solutions to fuel growth and innovation. With flexible terms and competitive rates, CRBT enables established dentists to realize their expansion goals while maintaining financial stability

Furthermore, CRBT understands the complexities involved in buying into an existing dental practice or partnership. Whether it is a seasoned dentist looking to bring on a new partner or a recent graduate seeking ownership opportunity, CRBT provides strategic financing options to facilitate smooth transitions. By collaborating closely with both parties involved, CRBT ensures that the financial aspects of the transaction align with the long-term vision and objectives of the dental practice.

What sets CRBT apart is its commitment to local decision-making, enabling swift and informed responses to the unique needs of dentists. Unlike larger financial institutions bound by bureaucratic processes, CRBT's agile approach fosters trust and transparency, establishing enduring partnerships with dentists throughout their professional journey.

We are not just about lending money. A primary focus of our team is to maximize the cash position of our clients and their businesses. We have a full treasury suite of products and services to help you efficiently manage your cash position.

Cedar Rapids Bank & Trust stands as a steadfast ally for dentists embarking on their entrepreneurial endeavors. Through personalized financial solutions, localized decision-making, and a genuine commitment to community welfare, CRBT empowers dentists to realize their dreams of practice ownership, expansion, or partnership. As the dental landscape continues to evolve, CRBT remains a trusted partner, guiding dentists towards prosperity and success in their professional journey.

Whether you are a new dentist looking to start your own practice or buy in to an existing practice, or a seasoned professional looking to acquire another practice, build a new clinic, or get a return on your excess cash, please contact the Professional Practice Team at Cedar Rapids Bank & Trust. We can be reached at ppg@crbt.com or 319.862.2728.