North Texas Dentistry Volume 9 Issue 3 2019 ISSUE 3 DE - Page 15
What is the transition plan expected as you enter the practice
and the selling dentist exits?
While the dental practice you are purchasing is an important
part of the financing decision, your lender will also want to
build a relationship with you. Understanding your personal
financial history and future vision for the practice is critical.
Understanding your personal work experience, procedure skill
set in comparison with the subject dental practice, personal
credit history and what your vision for the practice may be as
you acquire it are all important components of building this
Banks are very willing to lend to dental professionals. Histori-
cally, healthcare and dentists have some of the lowest default
rates in the nation. Plus, it continues to be a growing field with
spending on healthcare at $3.8 trillion and on dental at about
$124 billion annually. Likely, this will continue to rise as our
population continues to age and also as our populations con-
tinues to live longer lives.
As you move forward in making this big decision, you will be
wise to choose your business advisors carefully. Having a con-
sultative, engaged relationship with your advisors, including
your banker, is important and can save you time and money as
you march towards making your dream a reality.
It is important to understand which
option is a good fit for you and your
long-term goals on a holistic level.
Effective communication with
your banker through the acquisition
of a practice is critical.
Amanda Mombert, Private/Professional
Banking Relationship Manager in the
national healthcare space, specializes in
providing end-to-end counsel and support
to healthcare clients, especially dentists.
She does this by building and maintaining
relationships with her clients and always
searching for the strategy that works best
Amanda specializes in financing for dental practices – providing financing for
practice acquisitions, buy-ins, expansions, debt refinance, equipment, and
commercial real estate. She is known for providing consultative assistance to
clients and guiding them through the entire loan process. She is deeply con-
nected in the dental community and is well known for providing clients with all
the resources and experts they need to make sound financial decisions.
Amanda is a veteran banker with more than 14 years’ experience and is a
graduate of the University of Oregon and the Western School of Commercial
Lending. She has been an active volunteer with Junior Achievement and the
national program “Teach Kids to Save”. Email: AMombert@columbiabank.com.
Private/Professional Banking Officer
Ben Mombert, Vice President Private/Pro-
fessional Banking Officer, is an expert in
helping health care professionals achieve
their financial goals through a number of
different financing and banking solutions.
Ben has a keen understanding of the cor-
rect financing products and services that
best suits the borrower’s needs, and is a
connector for clients to find other dedicated
professionals that specialize in the healthcare industry including; CPAs, attor-
neys, appraisers, consultants, insurance brokers and more.
Ben, a veteran healthcare banker of more than 13 years, is recognized in the
industry as an expert in financing and banking for dentists (including associ-
ated specialties pediatric, orthodontics, oral surgery, endodontics, periodon-
tics, prosthodontics, other), as well as financing/banking for veterinarians, and
financing/banking for optometrists.
He is a graduate of the University of Oregon and has provided fundraising
support for Mission of Mercy and the Dental Foundation of Oregon.
www.northtexasdentistry.com | NORTH TEXAS DENTISTRY