DAVIE, Fla. –Annapolis, Maryland entrepreneur Ryan Clark is the first Dental Fix Rx franchisee to begin to secure financing through the company’s partnership with Funding Wonder, a digital social lending community at www.fundingwonder.com.
Clark, who will be providing dental equipment repair services to dental practices throughout the Annapolis market, is seeking financing for a business loan. The funds raised will support the launch of his new Dental Fix Rx business, helping cover costs of training and buildout of his specially designed mobile service center van, which allows him to service customers onsite.
“Securing financing through Funding Wonder was so simple,” Clark said. “The process was painless and now I’m able to ramp up my new business much faster.”
Financing through Dental Fix Rx’ relationship with Funding Wonder is available to franchisees with $25K in liquid capital and a 670 credit score. The funding is available to help franchisees set off on the right foot, covering several aspects imperative to launching a Dental Fix RX franchise – including the franchise fee, van buildout, working capital, training and training-related travel costs.
“There’s a huge unmet need within the dental community for equipment repair services and no other national brand is meeting these needs effectively besides Dental Fix Rx,” said Scott Mortier, EVP of Business Development at Dental Fix Rx. “The dental equipment repair sector is a $38 billion industry, and we have little to no competition so our brand and our franchisees are poised for continued, fast-pace growth.”
Earlier this month, Dental Fix RX was named by Entrepreneur magazine as one of the top franchises in the nation with an investment under $100,000, ranking No. 40 on the 2017 list. The national mobile dental equipment repair service franchise has sold or opened a new unit each week for the past 40-plus months. In 2016, Dental Fix Rx signed 40 new franchise agreements, bringing its total footprint to more than 250 franchises that service over 18,000 customers throughout North America. Company executives expect to sign another 40 franchise agreements in 2017 and sell all U.S. territories within the next three years.
ABOUT DENTAL FIX RX:
Founded in 2009, Dental Fix RX is a fast-growing mobile dental equipment repair service franchise that is revolutionizing the dental service industry by delivering immediate, on-demand equipment service, hand-piece repairs and cost-effective consumable products through its network of highly-trained franchise professionals. With local franchise owners serving businesses within their market, Dental Fix RX completes repairs on-site from mobile repair centers that are equipped to fix a wide range of equipment found in any practice – from compressors to chair upholstery. The company has sold more than 250 franchises that service over 18,000 customers throughout North America. For more information, visit www.dentalfixrx.com. For franchise information, call (855) 242-5230 or visit www.dentalfixrx.com/franchise/.