Financial Services and Lending Solutions for Dental Practice Owners in Yonkers, NY

Find the loan type that matches your situation in the guides linked below, then read on if you want a quick orientation to how these products compare and what Yonkers-area dentists most often trip over.

What to know before you apply

Dental practice financing in 2026 breaks into four distinct products. Each has different eligibility bars, timelines, and cost structures. Picking the wrong one wastes weeks and adds unnecessary hard inquiries to your credit file.

Quick-comparison table

Loan type	Typical rate (2026)	Max term	Minimum FICO	Typical down payment
Practice acquisition loan	7–10% APR	10 years	640	10–20%
SBA 7(a) — practice or equipment	8–11% APR	10 yrs (equip) / 25 yrs (RE)	640	10–20%
Equipment financing	6–10% APR	5–7 years	620	10–20%
Business line of credit	10–15% APR	Revolving	660	None

Acquisition loans are the most common need. A dental practice acquisition loan funds the purchase of an existing practice—goodwill, patient charts, equipment, and leasehold improvements included. Lenders underwrite the practice's historical revenue, not just your personal income, which is why two years of the seller's tax returns matter as much as your own. Expect to put 10–20% down, and budget 30–45 days for SBA-backed deals. Specialty dental lenders—banks that do nothing but healthcare practice finance—can close in under three weeks on clean files because they don't need to learn the industry's revenue model mid-underwriting. For a detailed rate and eligibility breakdown specific to Westchester County, the 2026 acquisition and expansion financing guide for Yonkers covers local comps and current lender appetite.

SBA 7(a) loans are often the right vehicle when you need more than a specialty lender will approve on a conventional basis, or when you're financing real estate alongside the practice. The SBA guarantees up to 85% of the loan, which lets participating lenders extend terms that wouldn't pencil on a portfolio basis—up to 25 years on real estate and 10 years on equipment. Maximum loan amount is $5,000,000. The trade-off is paperwork: the SBA requires 12 months of business bank statements, a debt service coverage ratio (DSCR) of at least 1.25x, and 24 months of operating history. Guarantee fees run 2–3.5% of the guaranteed portion and are typically rolled into the loan. Rates in 2026 range from 8–11% APR, tied to the prime rate plus a lender spread. The application-to-close timeline of 30–45 days means SBA financing is a poor fit for practices under time pressure from a competing offer.

Equipment financing is faster and simpler. The chair, cone-beam CT, or CAD/CAM milling unit serves as its own collateral, so lenders don't require a full business underwrite. Rates run 6–10% APR for borrowers with a 680+ FICO, approvals land in 2–5 days, and you can expense up to $1,220,000 in the purchase year under Section 179—a meaningful offset against taxable income. Dentists expanding a second location or upgrading imaging before a planned sale often use equipment financing precisely because it doesn't disturb their existing practice loan covenants. If you're comparing equipment loan structures across markets—say, evaluating a lender that also serves practices in Albuquerque, NM or Anaheim, CA—the rate should be similar, but prepayment terms vary by lender, so read those clauses carefully.

Working capital lines of credit exist for cash-flow gaps: payroll timing mismatches, supply purchases before a busy season, or a slow insurance-reimbursement month. Rates run 10–15% APR. This is the right tool for a 60–90 day bridge, not for funding a renovation or equipment purchase—the shorter amortization makes the monthly payment math punishing on large amounts. Merchant cash advances are available from online platforms but carry APR equivalents of 40–150%+; avoid them unless you've exhausted every other option and the cost is factored into a clear repayment plan.

What trips up Yonkers applicants most often: debt service load. SBA and conventional lenders both want monthly loan payments to stay under 25% of gross monthly revenue, and they'll count every existing obligation—student loans, a car note, any existing practice debt. Calculate your own DSCR before you apply: divide your annual net operating income by your total annual debt service. You need at least 1.25x to get approved; 1.35x or better gets you to the rate table's lower end. For broader clinic lending context in the New York metro, business loan options for healthcare clinics in Yonkers covers non-dental healthcare lending products that sometimes offer a useful benchmark for comparing lender terms.