Delta Dental of Iowa has launched a revolving loan fund to assist dentists who wish to acquire private practices.
The new fund aims to foster practice continuity and ownership transitions while increasing access to care by supporting dentists who want to establish or acquire private practices in Iowa.
The fund was established with a $2 million contribution from Delta Dental of Iowa in partnership with the Iowa Area Development Group and its subsidiary Development Partners Network, a nonprofit economic development organization, according to a Feb. 18 news release.
Iowa dentists will be able to gain loans ranging from $50,000 to $500,000 with a fixed interest rate of 1% and a term of five to 10 years. Priority will be given to dentists located in areas where access is at risk.
