Can’t wait to start your dental practice? As exciting as it is, funds are the key to running a successful dental clinic. Once you have outlined your business plan, you can use a personal loanto get started.
Here are a few reasons how personal financing can help you establish the proper infrastructure, get advanced equipment, and hire and expand your practice.
Why take a loan to start a dental clinic?
#1 To cover all dental treatment instrument costs
While setting up your clinic, you will purchase dental chairs and hard equipment like dental drills, X-Ray sensors, dental filings, filling material, and dental burs. Besides, you will incur expenses in buying tooth extraction procedure instruments, including syringes, needles, local anaesthesia, dental forceps, and cotton balls. Here, a personal loan for clinic will easily fund your initial expenditure.
What’s more, you can offer services like the Root Canal Treatment (RCT) if you have the equipment for the same. For an RCT, you will buy dental drills and burs, measuring gauges, X-rays, antiseptic solution, dental files, filling material, cement, etc.
If you plan on installing dental crowns and dental implants, you can purchase temporary crowns, impression material, and metallic screws. With personal finance, you can set up your specialist dental laboratory simultaneously to provide crown fixing services.
Additional Read: Can you use a personal loan for paying your dental expenses
#2 To finance your clinic’s daily operations
Apart from purchasing necessary equipment, dental practice financing can also help you fund the following:
- Maintaining the clinic and making the rent payment
- Paying utility bills, including electricity, water, garbage disposal, internet and phone services, and more without fail
- Purchasing white goods, such as air conditioners, computers, refrigerators, and lighting fixtures to ensure optimal lighting in the room
- Meeting payroll obligations for your staff, receptionist, nursing auxiliaries, etc., and hiring new paramedical assistants, associate doctors, and more
#3 To market your practice
Nowadays, if you want to attract more patients, social media is the way to go. You must have a well-designed website and a solid presence across social media platforms to connect with your prospects. You can engage your potential customers with blog posts, newsletters, informative graphics with oral hygiene tips, and discounts and offers on social media.
You can use personal finance to put aside funds for your social media marketing budget. Before approaching your preferred lender, don’t forget to check your personal loan eligibility.
Additional Read: Tips & Tricks to Track Your Personal Loan Status Online
Over to you
From your big-ticket purchases like dental chairs to managing your social media expenses, personal finance covers it all. If you are looking for a reliable lending institution, Tata Capital is here to help. Get personal financing of up to Rs. 25 lakhs with us.
Enjoy flexible repayment options, extended tenures, easy loan eligibility, and minimum documentation requirements. Score attractive personal loan interest rates starting at just 10.99% as well.
Before applying, you can figure out your monthly instalments and interest payments in advance using our online EMI calculator.So, what are you waiting for? Get in touch today!