TD Bank Practice Solutions Dental Loans (2026 Review)

About TD Bank Practice Solutions

TD Bank (also known as Toronto-Dominion Bank in Canada and TD Bank, N.A. in the US) operates one of the largest US East Coast banking networks. TD Bank, N.A.'s Practice Solutions division provides specialized lending to healthcare professionals — dentists, physicians, veterinarians — with dedicated underwriting, dental-experienced relationship managers, and a product range designed for professional practice acquisition, startup, and expansion.

The Practice Solutions division operates separately from TD Bank's general small business and commercial lending, with credit decisions handled by a centralized healthcare-focused underwriting team. TD Bank advertises "no prepayment penalty" on most dental practice loan products — a differentiating feature compared to some major competitors who include moderate prepayment penalties even on conventional structures.

TD Bank's branch network spans the East Coast from Maine to Florida, with strongest presence in the Northeast (New York, New Jersey, Pennsylvania, Massachusetts, Connecticut) and Mid-Atlantic. The bank's national dental lending program serves borrowers in all 50 states but East Coast practitioners receive the strongest relationship-banking advantages including local branch presence for ongoing business banking.

TD Bank Practice Solutions Loan Products

The No Prepayment Penalty Advantage

One of TD Bank's most distinctive features in the dental lending market is the absence of prepayment penalties on most conventional dental loan products. While SBA 7(a) loans (regardless of lender) have prepayment penalties in years 1–3 only for loans with 15+ year terms (standard dental terms are 10 years and thus penalty-free), conventional loans at some major banks include lender-specific prepayment penalties in years 1–3.

The practical implication: TD Bank conventional borrowers retain full refinance flexibility from day one. If interest rates drop, or your credit improves, or you want to consolidate loans, you can refinance without paying a penalty that erodes the benefit. For borrowers who think they may refinance within 3 years (common for borrowers who acquire at 11%+ rates expecting to refinance once practice cash flow stabilizes), this is a meaningful structural benefit.

TD Bank Underwriting Standards

Real TD Bank Practice Solutions Scenarios

Scenario 1: Connecticut Established Practice Acquisition

A dentist with 6 years of associate experience in Connecticut acquires a retiring dentist's practice collecting $1.2M with the building included. Purchase: $920K practice + $640K real estate. TD Bank structures: $920K conventional at 9% APR / 10 years (no prepayment penalty), plus $575K real estate mortgage at 7.5% APR / 20 years. Local TD Bank branch supports practice depository post-close.

Scenario 2: New Jersey De Novo Practice

An associate dentist plans a de novo practice in a growing North Jersey market. Total project cost: $720K — $250K equipment, $300K build-out, $50K marketing pre-opening, $120K working capital reserve. TD Bank structures SBA 7(a) at 10.25% APR / 10 years with 10% borrower equity. Project funds drawn down over construction timeline; full debt service begins at practice opening.

Scenario 3: Refinance with No Penalty Recapture

A practice owner originally financed a $620K acquisition through a competing bank at 11.5% APR with a 2% prepayment penalty in years 1–3. Two years into the loan, the owner refinances to TD Bank at 9.5% APR with no prepayment penalty. The 2% prepayment penalty on the original loan ($11,400) is paid but the rate reduction saves over $50,000 across the remaining loan term. The TD Bank refinance also protects against future rate-shopping needs since no penalty applies.

Pros

• No prepayment penalty on conventional loans. Preserves refinance flexibility — a meaningful advantage for borrowers expecting to refinance.
• 660+ FICO minimum. More accessible than BofA Practice Solutions and Wells Fargo Practice Finance (both 680+).
• Strong East Coast presence. Northeast and Mid-Atlantic borrowers benefit from local TD Bank branch network for ongoing business banking relationships.
• Lower loan minimum than Wells Fargo. $50K minimum vs. $100K at Wells Fargo Practice Finance — better for smaller deals.
• Full product range. Acquisition, startup, equipment, real estate, expansion, working capital, refinance.
• 1-year experience minimum. More flexible for new graduates and recent associate transitions than the 2-year minimum at BofA/Wells Fargo.
• Both fixed and variable rate options. Flexibility for borrowers with different rate risk preferences.

Cons

• 9.25%+ starting rate. Slightly higher than BofA Practice Solutions (8.5%) and Wells Fargo Practice Finance (8.75%) for premium-tier borrowers.
• $3.5M loan maximum. Lower than $5M at BofA, Wells Fargo, and Live Oak. Insufficient for larger transactions.
• East Coast brand strength advantage. Practical relationship banking benefits are weaker outside the Northeast and Mid-Atlantic.
• Less aggressive on new graduate / de novo than Live Oak. TD Bank does serve these segments but isn't the dental industry's strongest specialty new graduate lender.
• Conventional close (2–4 weeks) slower than fast specialty lenders. Some equipment-only or smaller deals close faster elsewhere.

How TD Bank Compares to Other Top Dental Lenders

Who Should Choose TD Bank Practice Solutions?

• East Coast dentists — Northeast and Mid-Atlantic borrowers benefit from local branch relationships.
• Borrowers planning to refinance within 3 years — No prepayment penalty preserves rate-shopping flexibility.
• 660–700 FICO borrowers — More accessible than BofA/Wells Fargo Practice Finance.
• Loan needs under $3.5M — The maximum fits most single-doctor scenarios.
• 1-year experience clinical buyers — More flexible on experience than BofA/Wells Fargo (which prefer 2+ years).

When to Look Elsewhere

• West Coast or Midwest borrowers — Regional relationship banking advantages are limited.
• 720+ FICO seeking lowest possible rate — BofA Practice Solutions and Wells Fargo Practice Finance starting rates are lower.
• Loan needs above $3.5M — BofA, Wells Fargo, or Live Oak extend to $5M.
• Strong new graduate / de novo programs needed — Live Oak Bank is the dental industry leader for these segments.

Related Resources

• All Dental Practice Lenders
• Practice Acquisition Loans Guide
• Practice Loan Refinancing Guide
• Current Dental Practice Loan Rates