Lakerun Commercial Capital, a Findlay, Ohio funding service, helps dentists request funding for chairs, imaging and operatory build-outs, buying a practice, and the wait on insurance claims. Partners read collections, payer mix and equipment or purchase terms, then set any terms. Hancock County, OH dental practice counts from the Census Bureau appear below.
At a glance
- Dentists with payroll in Hancock County, OH
26 at NAICS 6212 (CBP 2023)
- Payroll headcount at those practices
281 (CBP 2023)
- Dental practices in the Findlay, OH ZIP area
24 (ZBP 2023)
What Is Dental Financing? What Findlay, OH Owners Should Know
"Dental financing" can mean two things. One is patient financing: payment plans or medical credit cards that let patients spread the cost of treatment. Those shopper programs are outside Lakerun's work. The other is funding for the practice: equipment, build-outs, buying a practice and working capital. This page is about the practice side.
County Business Patterns counted 26 dental offices with payroll in Hancock County, OH in 2023 (NAICS 6212), with 281 employees and $15.7 million in payroll, about $55,893 per employee by our arithmetic. The Census did not publish the under-five-employee count for this code. In ZIP 45840, 24 dental offices had an address (ZIP Code Business Patterns 2023).
Loans for a Dental Practice Around Findlay, OH
A dental practice spends heavily up front. Each operatory needs a chair, delivery unit, light and imaging; the practice needs sterilization, a panoramic or cone-beam unit and software. Revenue comes from patients and insurers over time. equipment financing covers the equipment, a term loan covers build-outs and purchases, and working capital covers the claim gap.
What to Know About Business Loans for a Dental Practice in Hancock County, OH
- Collections by month and payer, and production versus collections
- Practice bank statements and tax returns
- Quotes for equipment or the build-out contract
- The lease, with the months it still has to run
- The purchase agreement and seller's records, for an acquisition
Partners read collections, not production, because collections are what pays the loan.
A Dental Equipment Loan in Findlay, OH
Illustration only, invented figures: a practice equips a new operatory for $68,000, financed over 60 months at an illustrative annual rate of 9.5 percent. By our arithmetic the payment is about $1,428 a month and about $85,688 over the term. A partner weighs that payment against what the added chair is expected to collect.
Imaging and software date sooner than chairs. A lease or a shorter loan may suit a scanner better than a long term.
Dental Financing Programs: What Findlay, OH Owners Should Know
Equipment dealers and some lenders run financing programs aimed at dentists, sometimes with promotional terms. Compare any program in total dollars against an independent offer, and read what happens when a promotional period ends. Lakerun matches requests with funding partners; it does not run a dental program of its own.
Dental Practice Purchase Loans Around Findlay, OH
Buying a practice from a retiring dentist is one of the clearer funding requests: the price is set, the practice has records, and the patient base exists. A partner reads the seller's collections, the patient count if available, the equipment's age and the lease. A transition period where the seller stays on can be part of the terms.
A term loan funds the purchase; equipment financing can cover upgrades after closing.
Dentists without payroll in the Census data
Nonemployer Statistics, a separate program, does not publish a dental-only count for Hancock County, OH. Its nearest figure is 190 ambulatory health care businesses with no paid employees in 2024 (NAICS 621), a group that includes dentists, physicians, therapists and other practitioners. That figure is not a dental count and is not added to the employer count above.
The claim gap in a dental office
Illustration only, invented figures: a practice collects $110,000 a month, about 60% from insurers that pay in roughly 30 days and 40% from patients at the visit. If it adds a hygienist at $7,800 a month in wages and benefits, the first month's added cost is paid before the bulk of the new insurance collections arrive. The working capital need is about one month of that cost, $7,800, plus supplies, by our arithmetic.
Associates, partners and a retiring owner
Dental practices change hands in stages as well as all at once. An associate may buy into a share of the practice, or buy the whole practice over a transition period while the seller keeps treating patients. Each stage is a separate funding question: a buy-in for a share, then a term loan for the remainder. Partners read the agreement that sets the price and the timeline.
Ask the seller for the equipment list with ages and any liens, the lease, and collections by provider, so the partner can see how much of the practice's revenue stays after the seller steps back.
Before signing a dental equipment agreement
- Compare the dealer program and an independent offer in total dollars.
- Check whether installation, training and software are in the financed amount.
- Read what happens when any promotional period ends.
- Ask, in writing, what an early payoff saves.
- Confirm the lien covers only the equipment financed.
By Lakerun Commercial Capital · Updated