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Provide Financing: 2024 Practice Loan Review

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If you’re a healthcare provider with aspirations of practice ownership or expansion, financing your dream is a nuanced task that can be filled with many unknowns. However, Provide seeks to make this journey seamless for you. In this article, we’ll offer an in-depth review of Provide’s healthcare practice financing products and banking solutions and why we recommend working with them.


 

Provide’s Story

Founded in 2013, Provide is an industry-leading provider of comprehensive, tech-enabled financial solutions for healthcare practice owners. Based in Columbus, Ohio, with industry experts nationwide, Provide financially empowers healthcare providers to achieve their practice ownership dreams. Its integrated suite of financing and banking products makes opening, running, and expanding a healthcare practice easier, giving providers back their time and energy to focus on what matters most: their patients. In August 2021, Provide became a wholly-owned subsidiary of Fifth Third Bank, and in October 2023, began operating as a division of Fifth Third Bank. In 2023, Provide was named to Fast Company’s list of the World’s Most Innovative Companies, ranking among the top 10 brands in the finance category.

 

Provide’s Practice Marketplace

One unique feature of Provide is its innovative and user-friendly tech solution: its practice marketplace. Provide’s practice marketplace aggregates listings from top dental and veterinary practice brokers across the country, enabling you to easily locate and acquire the practice of your choice in your area.

The easy-to-use platform offers a comprehensive database of dental and veterinary practices across all 50 states. Each listing provides details, such as location, annual collections, type of practice, and facility size. If a practice piques your interest, you can easily request more information or to be connected with the practice broker.


 

Provide’s Financial Solutions

Comprehensive loan options

Provide offers financing for all your practice ownership needs, including acquisition, startup, equipment, refinance, SBA, Jumpstart Plus, commercial real estate, tenant improvements, ground-up construction, and Equity Cash-out.

Provide Card

Provide is the provider of the healthcare-specific credit card. Available in addition to your Provide practice or commercial real estate loan, the Provide Card will enable you to securely make bulk supply orders and earn tailored rewards on your purchases. Some key features include: tailored cash-back rewards, no annual fee, a wide range of point redemption options, added security, and streamlined purchases. See notices and disclosures.

One-stop shop financial solutions

As a division of Fifth Third Bank, Provide’s customers gain access to a full suite of customized banking solutions that make running your practice easier, including checking accounts, cash management, HR and payroll services, and merchant services. Benefits include: Fifth Third Business Elite Checking Account®*, cash management essentials, ACH, electronic deposit manager, check fraud detection, all-in-one Paycor payroll solution®3,4,, and merchant Services powered by Worldpay. See terms and conditions.


 

Advantages of Choosing Provide

Provide is laser-focused on providing financial solutions for dental, veterinary, and medical providers to help them achieve practice ownership. With your needs in mind, Provide has tailored its financing experience to be streamlined and comprehensive – from a loan product to an industry-tailored credit card to banking solutions – so you don’t have to look elsewhere for your evolving financial needs.

In addition to its financial solutions, Provide offers helpful resources for aspiring and established healthcare practice owners, including informative articles and Provide’s podcast, The Path to Owning It.


 

Is Provide Right for You?

Provide is a one-stop shop for healthcare providers, whether you are an aspiring or established owner. It specializes in financing dentists, veterinarians, and other medical providers, making Provide a great choice for providers in these fields. Start here to see your options with Provide.

 

Key Takeaways

Provide offers comprehensive financial solutions for owning, running, and expanding your healthcare practice. Its robust offerings and user-friendly platform simplify the otherwise complex process of practice ownership and financing, making it a reliable, pragmatic, and expert advisor for healthcare providers. Get started with Provide here.