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1 CE Webinar: How to Negotiate or Renegotiate the Terms and Rental Rates in your Dental Office Lease: Understand the impact of COVID 19 on the dental real estate market. If you are buying/building a practice, have a lease that is coming up for renewal, or is expiring in 24 months or less, or if you are selling your practice, then you must attend this CE event!

 

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Practice acquisition promotion and debt consolidation

• Acquisitions include partnership buy-ins and second location purchases
• Pay off high interest rate business loans, and consolidate into one loan
• Available for minimum loans of $250,000 with flexible repayment options
• Each promotion is available separately or combined for maximum benefit
• You’ll also get a competitive rate through maturity, and you’ll know the rate up front
• Applications must be received by December 1, 2020 and close by January 31, 2021

Established practice project promotion
• Loan types that qualify are expansions, practice remodels, relocations, and additional locations
• Available for minimum loans of $250,000 with flexible repayment options
• You’ll also get a competitive rate through maturity, and you’ll know the rate up front
• Established project loan applications must be received by December 1, 2020 and interim
project opened by January 31, 2021

Owner-occupied commercial real estate promotion
• For approved term loans starting at $100,000
• 1.00% interest rate for the first 18 months and then lock in a competitive rate through maturity3
• Purchase, refinance or expand on qualifying conventional or SBA commercial real estate loans
• Apply by December 31, 2020 and close loan by April 30, 2021

Equipment promotion

• Upgrade or expand with new equipment or software
• Loans up to $250,000
• Flexible repayment options with no prepayment restrictions
• Potential tax benefits along with the Section 179 tax allowance5
• Apply by December 1, 2020 and close by January 31, 2021

To apply, contact your Practice Solutions Specialist
bankofamerica.com/practicesolutions | 800.428.2847

1 All programs subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. The term, amount, interest rate and repayment schedule for your loan, and any product features, including interest rate locks, may vary depending on your
creditworthiness and on the type, amount and collateral for your loan. Bank of America may prohibit use of an account to pay off or pay down another Bank of America account. Repayment structure, prepayment options and early payoff are all subject to product availably and
credit approval. Other restrictions may apply.
2 For the limited time beginning with applications submitted on September 1st, 2020 and ending with applications submitted on or before December 1st, 2020, take advantage of a 1.00% interest rate for the first 18 months on qualifying approved Practice Solutions secured term
Practice Sales and Acquisitions, Debt Consolidation, Remodels, Relocation, Expansions and Additional Locations closed by or booked by January 31st, 2021. Loan approval amounts must total a minimum of $250,000 on eligible product types in order to qualify. Payoff prohibited
in the first year of the loan, and a prepayment fee will apply for each of the following four years of the loan term. Excludes Practice Solutions startup loans, lines of credit, refinances of existing Practice Solutions loans, and commercial real estate loans, equipment loans and any
product that contains a variable rate. To be eligible for the interest rate offer of 1.00% the borrower before loan closing must have a demand deposit account with Bank of America that is the primary business operating account of the borrower. Promotional rate is not applicable
during the project phase of the loan. Subject to credit approval. Other restrictions may apply.
3 For the limited time beginning with new credit applications submitted September 1, 2020 through December 31, 2020, take advantage of a promotional interest rate on qualifying approved new and refinanced fixed rate Small Business conventional and SBA commercial real
estate loans. To be eligible for the promotional rate, the loans must close by April 30, 2021. This offer is only for Small Business conventional or SBA commercial real estate secured loans with a minimum approved amount of $100,000, subject to applicable minimum product
amounts. Approved credit terms, collateral and documentation requirements apply. Small Business Administration (SBA) collateral and documentation requirements are subject to SBA guidelines. SBA financing is subject to approval through the SBA 504 and SBA 7(a) programs.
Exclusions include but are not limited to, franchisor guaranteed lending programs, the refinancing of existing Practice Solutions commercial real estate loans.
4 For the limited time beginning with applications submitted on September 1st, 2020 and ending with applications submitted on or before December 1st, 2020, take advantage of a 0% interest rate for the first 6 months on qualifying approved Practice Solutions equipment
specific secured or unsecured loans closed by or booked by January 31st, 2021. Excludes all other Practice Solutions products and any product that contains a variable rate. The first 6 months of 0% interest, principle payments are required, possible flexible repayment options for
the remaining term all subject to credit approval. Other restrictions may apply.
5 Depreciation allowances under Section 179 and other provisions of the Internal Revenue Code are available to you regardless of whether you obtain financing from us. You should consult with your tax advisor for your actual tax benefits.
All credit terms and repayment structures are subject to credit approval. The promotional rate supersedes other rate discounts during the promotional period. The promotional rate does not apply to variable rate or multi-tiered rate structures. Bank of America credit standards and
documentation requirements apply. Other restrictions may apply.
All credit terms and repayment structures are subject to credit approval. Bank of America credit standards and documentation requirements apply. Other restrictions may apply. Bank of America Practice Solutions may prohibit use of an account to pay off or pay down another
Bank of America account. Sponsorship of endorser’s products and services is not an expressed opinion or approval by the Bank. All promotional and marketing materials are Bank of America Practice Solutions property and, as such, cannot be changed, altered or modified, orally or
in writing. All questions regarding these materials should be directed or referred to a Bank of America Practice Solutions Sales Associate.
Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. Bank of America Practice Solutions is a division of Bank of America, N.A. ©2020 Bank of America Corporation | MAP3208743 | 08/2020

Work with someone who understands dentistry

When you need financing for your dental practice, you want to work with someone who understands your industry. For over twenty years, Bank of America Practice Solutions has helped dentists across the nation reach their goals through smart financial solutions1 and expert guidance. Whether you own a practice or are just getting started, we can provide customized financial help for your short-term needs and long-term aspirations.

Purchase and start-up:

  • Practice sales and  purchases
  • New practice start-ups
  • Owner-occupied commercial real estate products²

Growth and restructuring:

  • Improvement and expansion financing
  • Equipment financing
  • Practice debt consolidation³

Expert guidance. Personal attention. Real solutions.

Association members receive 50% reduction in loan administration fees.4 To learn more, call us toll free at 800.497.6076 Monday through Thursday, 8 a.m. to 8 p.m., and Friday, 8 a.m. to 7 p.m. EST. You can also visit bankofamerica.com/practicesolutions for more information or to schedule a phone consultation.

 

 

1 All programs are subject to credit approval and loan amounts are subject to credit worthiness. Some restrictions may apply.
2 For Owner-Occupied Commercial Real Estate loans (OOCRE), terms up to 25 years and 51% occupancy are required. Real Estate financing options are subject to approval and product availability is subject to change. For SBA loans, SBA eligibility and restrictions apply.
3 Bank of America may prohibit use of account to pay off or pay down another Bank of America account.
4 To be eligible for this reduction, applicants must provide association name and membership number at time of approval.
Bank of America is a registered trademark of Bank of America Corporation. Bank of America Practice Solutions is a division of Bank of America, N.A. ©2019 Bank of America Corporation | AR4DB4V4

 

Exclusive benefit for veterans: Get 25% off certain loan fees*

If you’re a veteran of the U.S. Armed Forces, there’s never been a better time to apply for a Practice Solutions loan. We’re offering a discount of 25% off loan administration or origination fees* for a wide range of secured products,1 including term loans, commercial real estate loans,2 Small Business Administration (SBA) loans3 and lines of credit.  We’re committed to supporting veterans who are small business owners. We want to help you succeed. To apply and full rules, contact your Practice Solutions Specialist bankofamerica.com/practicesolutions or call 800.497.6076.

* If you are a veteran, in active duty, or in the reserves or national guard with the U.S. Armed Forces, for new credit facility applications submitted in Small Business on or after November 1st, 2019 and approved, you can take advantage of a 25% discount on loan administration or origination fees. Collateral requirements and prepayment fees may apply. Excludes Business Advantage Auto Loan, Business Advantage Term Loan, and Business Advantage Line of Credit products, fees charged for renewals of Lines of Credit, and fees charged by third parties (including the Small Business Administration). Validation of veteran status by a DD214, NGB22, or other documentation acceptable to Bank of America may be required. Bank of America may change, discontinue, or cancel the continuation of this fee discount program at any time.
1 All programs subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. Bank of America may prohibit use of an account to pay off or pay down another Bank of America account.
2 Owner-Occupied Commercial Real Estate Loans — Choose from a suite of comprehensive real estate options to buy, to refinance, or to relocate with terms up to 25 years. 51% owner occupancy required. Owner-occupied commercial real estate is defined as property occupied by the borrowing entity and/or its affiliates. The primary source of repayment must be dependent on the cash flow generated by these entities and less than 50% of cash flow may come from third-party, non-affiliated rents.
3 Includes collateral and documentation requirements. Requires approval through the SBA 504 or SBA 7(a) programs. SBA 504 and SBA 7(a) financing up to 90% of purchase price.
Bank of America Practice Solutions is a division of Bank of America, N.A. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.
Sponsorship of endorser’s products and services is not an expressed opinion or approval by the Bank. All promotional and marketing materials are Bank of America Practice Solutions property, as such, cannot be changed, altered or modified, orally or in writing. All questions regarding these materials should be directed or referred to a Bank of America Practice Solutions Sales Associate.
Bank of America is a registered trademark of Bank of America Corporation.
©2019 Bank of America Corporation MAP2867892 | 12/2019

 

Disclosure

The MDA receives royalties when members use the product or services described above.