Whether you’re setting up your first practice, investing in new equipment, or expanding to a second location, securing the right finance is an important step in building your dental career. A strong application not only speeds up the process but also increases your chances of approval. To help, we’ve compiled a checklist of the key documents and details every dentist should prepare before applying.
1. Personal Information & Identification
- Proof of identity (passport or driver’s license)
- Proof of address (recent utility bill, bank statement, or council tax letter)
2. Financial History
- Personal bank statements (usually last 3–6 months)
- Details of any outstanding loans, student debts, or other liabilities
3. Employment & Income Proof
- Payslips if you are an associate dentist
- Self-employment income records if you run your own practice
- Recent tax returns (SA302s) or accounts from your accountant
- Confirmation of NHS contracts, if applicable
4. Business Finance (for practice owners or those buying into a practice)
- Practice accounts for the past 2–3 years
- Cash flow forecasts and business plans
- Valuation of the dental practice (if purchasing)
- Outstanding loan schedules or lease agreements
5. Supporting Documents
- Clear outline of the purpose of the loan (e.g., purchasing equipment, practice expansion, or practice acquisition)
- Details of collateral (if required as security)
- Professional references or CV demonstrating your career background
Being well-prepared with the right paperwork will give lenders confidence in your ability to manage finance responsibly. For dentists, this preparation is crucial — whether you’re a newly qualified associate, a practice owner, or looking to invest in your next big step.
