FAQs
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.
* PRN Personal Loans cannot be used to pay existing or future educational debt
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.
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.
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).
Yes we can! Start your account application.
A PRN Personal Loan* is exactly what it means — your money, as needed. Our PRN Loan can be used for whatever personal expenses may arise. We designed this personal loan product with the mindset that it can help pay for, but not be limited to, interviews, relocation, board examination fees, or to consolidate high-interest credit card debt.
* PRN Personal Loans cannot be used to pay existing or future educational debt
To be eligible for a PRN Loan, you must be a U.S. citizen or permanent resident and one of the following:
- A 4th year student (In-School PRN) in an accredited U.S.-based medical, dental, or veterinary school
- A resident, fellow, or graduate student (In-Training PRN) after graduation with an MD, DO, DDS, DMD, DVM, VMD, or DPM degree
- An independent practicing physician, dentist, or veterinarian (In-Practice PRN) with an active healthcare license
Yes, you need to provide your AAO member number to the banker you are working with.
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
- The AAO endorses the Panacea Financial loan program (the "Program"). Panacea Financial pays royalty fees to the AAO for the use of its intellectual property. These fees are used for the general purposes of the AAO. The AAO does not certify, guarantee, or warrant the products, services, or offerings provided by Panacea Financial, its platform or its employees, agents, subcontractors, or vendors. The AAO will not be liable for any indirect, special, incidental, or consequential loss or damage of any kind, including lost profits (whether or not the parties have been advised of such loss or damage) arising in any way in connection with the Program.
- APY = Annual Percentage Yield. The advertised APY is effective 1/27/2026 and subject to change thereafter. No minimum balance required to obtain the APY. The minimum to open a Panacea Savings Account is $25. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time.
- National Average based on FDIC information as of 1/27/2026.
- APR = Annual Percentage Rate. All personal loans have an origination fee equal to 1% of the loan amount. 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 minimum APR is 8.49% (with all discounts) and the maximum APR is 17.850% (with no discounts). 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. We offer a 0.50% discount with auto-pay from a Panacea checking account and a 0.25% discount with auto-pay from a non-Panacea checking account. To check the rates and terms you qualify for, click “Get Started” 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. PRN Loans have no prepayment penalty or prepayment fee and may be repaid at any time after loan closing. The minimum repayment period is immediately after closing. The minimum and maximum term varies by employment status. In Practice and In Training PRN Personal Loans have repayment periods of 3, 5, or 7 years. In School PRN Personal Loans have repayment periods of 5 or 7 years. Example scenario of PRN In Training 5-year term loan: 14.176% fixed APR, $20,000 loan. APR includes origination fee. Repayment is interest only monthly payments varying from $215.87 to $239.00 in years 1-3, fixed monthly payments of $965.22 in years 4 -5 (11 payments year 5), and one final fixed payment of $965.29. Total finance charges: $11,615.15. Panacea utilizes the Equifax credit bureau, with a FICO score minimum of 661 to qualify for a personal loan.
- No cosigner is required for qualified applicants. Panacea uses co-signer and co-borrower interchangeably in its marketing materials. For the purposes of our consumer lending, an approved co-applicant would be added to the loan as a co-borrower. Applicants may choose to apply with a co-borrower. Adding a qualified co-borrower may improve the likelihood of approval, increase the loan amount you may qualify for, or help you obtain a lower interest rate.
- In-School Loans: For a 5-year term, you make reduced payments in years 1, 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 1, 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. In-Training Loans: 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. In- Practice Loans: Interest-only payments during first 6 months of loan. Full amortization over remainder of loan.
- 0.25% rate discount for PRN personal loan and 0.25% discount and $0 origination fees on practice loans: Terms and conditions apply. Offer good for new customers only and subject to lender approval. To receive the offer, you must: (1) register and/or apply with promo code AAO2026, (2) complete a loan application with Panacea Financial within 30 days of your application submit date, (3) meet Panacea Financial underwriting criteria, and (4) be an AAO member. Once conditions are met and the loan the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount because of your involvement with a Panacea Financial partner company at the time of loan origination. Offer good for new customers only. Cannot be combined with other rate discounts, with the exception of the 0.50% AutoPay rate discount. Panacea Financial reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice. Offer subject to change.
What Our Customers Are Saying
What Our Customers
Are Saying
Get Up To $50K When
You Need It Most
FAQs
Panacea Financial, a division of Primis Bank, deposit products:
FDIC-Insured – Backed by the full faith and credit of the U.S. Government
“
Co-owner of Shine Pediatric Dentistry & Orthodontics
Panacea understood the unique requirements of our non-traditional setup and made the entire process smooth from start to finish. Now, three months into owning our dream practice, we couldn’t be happier.
Michael Seelig, DMD, MS
Endorsed By AAO
Built For Orthodontists.
Panacea Financial was built by doctors who understand the unique financial reality of your career. We provide practice and personal loans designed for orthodontists, competitive pricing, and experienced healthcare relationship managers focused on your long-term success.
“
As residents, we are in a unique financial situation. After speaking with several different banks, nobody was able to meet the needs of my family of 7 except for Panacea. With Panacea, I was able to speak with real people who cared and guided me through the entire process.
Dental Resident – University of Nebraska Medical Center
Kai Hatch, DMD
FOR DOCTORS,
BY DOCTORS
7,000+
DOCTORS TRUST
PANACEA
$1B+
IN DOCTOR
LOANS FUNDED
40+
NATIONAL & STATE
ASSOCIATION PARTNERS
Exclusive Discounts For AAO Members
0.25%
Practice Loan Interest Rate Discount
7
0.25%
PRN Personal Loan Interest Rate Discount
7
Panacea is the only financial partner you will need no matter where you are in your career. Built by doctors for doctors, we understand the changing financial needs of orthodontists, from significant educational debt to starting and growing your practice.
Our team knows the path you walked to get here – four years of dental school, a highly competitive specialty match, and two to three years of largely self-funded residency – and we structure our lending around that trajectory.
One Platform For Every Stage Of Your Career
Whether you are buying your first practice or expanding to your next location, the Panacea Practice Solutions team offers financing built specifically for orthodontists.
We understand the weight of educational debt you carry into practice ownership, the private-pay model, equipment financing, and the multi-month treatment cycles – and we structure our lending around that reality.
We don't just approve your loan. We help you build a practice that lasts.
Start, Build, And Grow Your Practice With Confidence
Whether relocating for residency, financing a home or car repair, or dealing with an unexpected expense, PRN Personal Loans give you quick access to up to $50,000.4 Borrow what you need when you need it most, with no cosigner required,5 no prepayment penalties, and reduced payments while in training.6
Get Up To $50K When You Need It Most
Open checking and high-yield savings accounts in minutes and start managing your money on doctors’ hours, not bankers’ hours. Built for orthodontists with busy schedules, connected to the rest of your financial life.
Banking Built For The Way Orthodontists Live
Exclusive Discounts For AAO Members
Banking Built For
The Way Doctors Live
One Platform For Every
Stage Of Your Career
Start, Build, And Grow Your Practice With Confidence
$0
Practice Loan Origination Fee