FinTech: More Dental Patients Are Opting For Financing Offered By Sunbit

December 1, 2022 | FinTech, News
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Sunbit is a fintech that offers financing for auto repair, dental care, eye care, vet care and more.

Dental treatment is one of the fastest growing verticals for fintech Sunbit, which provides financing for various everyday expenses that can be large enough to cause cash flow problems for most people. The financing facility offered by Sunbit is now available in over 6,000 dental locations, and in more than 550 DSOs, with more than 500 new offices being added each month. In addition, Sunbit’s technology is integrated with multiple platforms serving small- and medium-sized dental practices. (Cision PR Web)

Sunbit can fund dental procedures with 6 to 72-month payment plan options, and 85% of patients who apply using Sunbit technology are approved, with some being eligible for zero-interest plans. The loans are paid out by Transportation Alliance Bank, Inc., dba TAB Bank, which determines qualifications for and terms of credit.

83% of dental professionals offer a patient financing option, yet only 8% are completely satisfied with their solution, a recent survey of 920 dentists revealed. According to the same survey, treatment acceptance increases by 57% once a patient qualifies for a third-party financing solution.

John Geary, Chief Operating Officer, Independence Dental Services, said: “I have nearly 20 years of experience in retail healthcare & dental, and Sunbit is the most technologically advanced solution, helping so many people, and it is super simple for offices and patients to use. The results have been incredible—$2.1 million in incremental production, thousands of additional patients treated, and a more confident office team that knows they can trust the technology to help people in need.”

Related Story: With New BNPL Options, Dentistry Bills Become Painless

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