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Panacea Financial, a division of Primis Bank, deposit products:
FDIC-Insured – Backed by the full faith and credit of the U.S. Government

Practice Financing
for ADA Members

Panacea helps ADA members save with a 0.25% interest rate discount and $0 origination fees1 on Panacea Practice Loans.

You could save over $15,000 over the life of your loan!2

Find Out How We Can Help

Practice Financing
for ADA Members

Panacea helps ADA members save with a 0.25% interest rate discount and $0 origination fees1 on Panacea Practice Loans.

You could save over $15,000 over the life of your loan!2

Find Out How We Can Help
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About Us

Today’s financial companies are in the way. We’re going to change that.

Created by doctors, for doctors, Panacea Financial’s mission is to make doctors’ lives better. We’re dedicated to making financing simpler to understand and easier to access.

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Speak With A Dental Practice Finance Specialist

Dental Practice Loan Products

Partner Buy-In

Ready to become a partner and equity owner in your practice, but don’t have the cash to buy-in? We can help with same day approvals.

Start Application

New Equipment Loan

Ready to grow your potential or upgrade your facility? Low rates with up to 10 year terms. Get financing approval in as little as 1 hour.

Start Application

Expansion/Relocation

Have you outgrown your current location, need to remodel or upgrade your existing facility, or ready to expand your practice with a satellite location? We will help you take your practice to the next stage!

Start Application

Acquisition

Have you outgrown your current location, need to remodel or upgrade your existing facility, or ready to expand your practice with a satellite location? We will help you take your practice to the next stage!

Start Application

Refinance/Consolidation

Improve your practice’s cash flow by taking advantage of the current low interest rates by refinancing or consolidating your existing debt.

Start Application

Startup Financing

Looking to start your own practice? Learn how our startup loan is designed to fit your unique needs and finance 100% of the cost, plus working capital!

Start Application

Line Of Credit

Help bridge the gap of operating expenses, inventory purchases, or capital needs with a line of credit tailored to your needs.

Start Application

Working Capital

If you need a quick cash injection to help your business grow, take a look at our working capital loan options.

Start Application

Commercial Real Estate Financing

Ready to purchase your own building for your practice? Buying a building has many moving parts,. Let our experts get you a pre-approval letter for the seller’s broker and approve you quickly when the offer is accepted. Or refinance your current real estate loan to improve your cash flow.

Start Application

Acquiring A Dental Practice?

Whether you’re a recent dental school graduate eager to open your first practice, taking the leap into practice ownership can be daunting. As you start this new chapter, equip yourself with the knowledge and tools needed to move through this process with ease.

Access the Guide

Articles & Resources

Explore our collection of advice and tools to help dentists better position themselves for dental practice ownership.

This is a picture of a dentist examining a patient's teeth.

Pros and Cons: Starting a Dental Practice vs. Buying an Existing Practice

See All Blog Posts
See All Blog Posts

FAQs

What is Panacea Practice Solutions?

Panacea Practice Solutions is Panacea Financial’s practice financing division. Led by industry experts with decades of experience, PPS provides loans for many practice-related needs, including acquisition, startup, equipment, expansion, commercial real estate, and more.

How is Panacea Practice Solutions different from other banks?

All of our products and services were designed with doctors in mind. As a result, we take a common sense approach to lending, and our customer service is clear and accessible during your hours. We also move faster because we have a streamlined digital application and funding process, getting you funds for your practice quickly.

How long will it take for my loan to be funded?

If approved for a loan, time to funding depends on your need. Each loan request has a unique profile that requires its own time frame to fund.

What is a “practice buy-in” loan and how is yours different?

Some doctors are offered to “buy-in” and become a partner in an existing practice. Panacea offers a partnership “buy-in” loan that does not require a lien on the existing practice, real estate, or equipment (which existing partners appreciate).

What do I get as an ADA member?

As the practice financing partner of the American Dental Association, Panacea Financial provides a 0.25% interest rate discount and $0 origination fees to ADA members. Click here to start your account application and use promo code ADA2024 to take advantage of these discounts.

Rate Discount Details

  • 10.25% rate discount for Panacea Financial Practice Loans: Terms and conditions apply. Offer good for practice financing customers only and subject to lender approval. To receive the offer, you must meet Panacea Financial underwriting criteria and be an ADA member. Offer good for new customers only. Offer cannot be combined with any other offers, except any discount for making automatic payments. Offer subject to change.

Lifetime Benefit Details/Disclosure

  • 2Lifetime benefit calculation estimation based on a loan size of $750,000 over a 10 year term with a 0.25% interest rate discount and zero origination fees. A borrower’s actual savings could be higher or lower depending on the size and term of their practice loan.

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Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division.

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External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by Panacea Financial. Links are provided for informational purposes and should not be viewed as an endorsement
Fine Print

1. All personal loans have a $100 origination fee. To obtain a new loan with Panacea Financial, you must also have a Panacea checking account; there is no fee to open the account, a minimum deposit of $25 required, and there is no minimum balance. Other fees and charges may apply, see this link for full terms and conditions. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. All APRs assume a 0.50% discount with auto-pay from a Panacea Checking account. We offer a 0.25% discount with auto-pay from a non-Panacea checking account.  To check the rates and terms you qualify for, click “Apply Today” and Panacea will conduct a soft credit pull to determine your possible rate and will not affect your credit score. Not all applicants qualify for the lowest rate or maximum loan amount; subject to credit approval.  Total borrower maximum varies by stage of career and with credit score: In School maximum is between $1,000 – $10,000; In Training maximum is between $1,000 – $20,000; In Practice maximum is between $1,000 – $50,000. Panacea utilizes the Equifax credit bureau, with a FICO score minimum of 660 to qualify for a personal loan.

2. No payments during the first year. For a 5-year term, you make reduced payments in years 2 and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization years 4 and 5. For a 7-year term, you make reduced payments in years 2 and 3 of the interest accrued in the first year, added to the monthly interest. Full amortization over years 4, 5, 6, and 7.

3. For a 3-year term, you make interest-only payments in years 1 and 2. Full amortization in year 3. For a 5-year term, you make interest-only payments in years 1, 2, and 3. Full amortization in years 4, and 5. For a 7-year term, you make interest-only payments in years 1, 2, 3, and 4. Full amortization in years 5, 6, and 7.

4. Interest-only payments during first 6 months of loan. Full amortization over remainder of loan.

5. Adverse Credit Event: two or more payments more than 30 days late, totaling more than $500, within the prior 6 months; accounts with a total outstanding balance greater than $1,000 that are 90 or more days delinquent as of the date of the credit report, or that have been placed in collection or charged off during the two years preceding the date of the credit report; default determination during the five years preceding the date of the credit report; bankruptcy discharge during the five years preceding the date of the credit report; repossession during the five years preceding the date of the credit report; foreclosure during the five years preceding the date of the credit report; charge-off/write-off of a federal student aid debt during the five years preceding the date of the credit report; wage garnishment during the five years preceding the date of the credit report; tax lien during the five years preceding the date of the credit report; consumer credit counseling within five years preceding the date of the credit report.

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