A new financing pathway is now available for dentists looking to establish first-time independent practices, following an expansion of startup loan offerings from U.S. Bank's healthcare business banking division.
Previously, the bank's lending products for dental professionals were limited to the acquisition of existing practices or startups initiated by established owners. The updated offering extends eligibility to first-time practice founders—a stage at which access to capital can be a significant barrier for clinicians transitioning out of associateships or academic training.
To qualify, applicants must meet criteria related to industry experience, production capability, and creditworthiness. The product has been available since earlier this year.
"We are excited to bring this new opportunity to dentists and veterinarians who want to pursue their dream of building and operating their own practices," said Joe Persichetti, head of healthcare business banking at U.S. Bank. "Our bankers live and work in the same communities as the dentists and veterinarians they serve, and they are there for them every step of the way as they build and grow their practices."
U.S. Bank established its dedicated healthcare business banking group in 2023, with a focus on dental, veterinary, and medical practices generating up to $50 million in annual revenue. The group has since grown to more than 100 bankers and staff, offering services across all 50 states that span practice financing, payments infrastructure, and wealth management.
"Our goal is to be the destination for doctors," Persichetti said. "We want to make banking easy for them so they can focus on what's most important – their patients."
Credit products are offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply.
