May 07, 2014 // Franchising.com // DAVIE, Fla. - Dental Fix Rx, LLC, a mobile dental equipment and handpiece repair company, recently began offering a new financing program that allows entrepreneurs with good credit and $25,000 to opt for a franchise.
The program, available through the U.S. Small Business Administration, increases small businesses’ access to working capital. Known as the SBA Express Loan, the program not only makes it easier to fund and process loans up to $150,000, but it also provides a quick approval time.
By offering this new financing program, Dental Fix is making it easier - and faster - to own a franchise. SBA-guaranteed loans provide an alternative to potential franchise owners who might not qualify for other loans and only have the money to cover the initial $25,000 franchise fee. In essence, applicants need a strong credit score of 675 or higher and cannot have a bankruptcy, lien or judgment history.
The SBA Express Loan program provides a 10-year term and interest rates are based on the prime rate (as published in the Wall Street Journal) plus a 2.75 to 4.75 percent SBA Express maximum rate.
As the appeal of owning a Dental Fix franchise grows - to date, the company has sold over 130 franchises and established a presence in more than 90 territories - the company continues to find ways to make new financing options available to potential owners.
Created in 2009, Dental Fix has rapidly gained recognition by providing a much-needed solution to dentists in an innovative way. The company has removed the need for doctors to ship their handpieces to repair centers, considerably reducing their waiting time and saving them money.
Each Dental Fix professional is equipped with a state-of-the-art van - the largest mobile inventory in the industry - and provides personalized service and support to local dental practices in their markets. Services include: on-site repair, preventative maintenance, supplies and equipment sales, and emergency service.
For more information on Dental Fix, visit www.dentalfixrx.com. For information on franchise opportunities, visit www.dentalfixrx.com/franchise/.
Founded in 2009 and headquartered in Davie, Fla., Dental Fix has revolutionized the dental service industry by delivering immediate on-site handpiece repairs and equipment service for dental practices’ repair, supply and new equipment needs, through a dedicated mobile network of highly trained and successful industry professionals. Dental Fix combines centralized technological and account management services with a unique national network of locally owned and operated industry professionals. Each professional is equipped with state-of-the- art mobile service centers. For more information on Dental Fix, visit www.dentalfixrx.com.
SOURCE Dental Fix Rx
Dental Fix Rx