Macroeconomic Climate and Dental Lending with Chandler Wrightenberry
Dec 13, 2023
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Chandler Wrightenberry, an expert in macroeconomic climate and dental lending, joins the podcast to discuss topics such as the impact of rising interest rates on valuations, the importance of non-cash assets, and the role of banks as business advocates. He advises dentists to bet on themselves despite the tough economic conditions. Live Oak Bank is highlighted as the preferred choice for dental lending due to their honesty, transparency, quick responses, and deep knowledge of the healthcare industry.
Dentists should take advantage of current market conditions and not let interest rates hinder their goals and dreams.
It is important for dentists to focus on the bigger picture and consider long-term investment nature of their projects.
Deep dives
The Importance of Seizing Opportunities
Chandler from Live Oak Bank emphasizes the importance of not waiting for the perfect time to take action. He advises against trying to time the market and urges dentists to bet on themselves and their visions. Chandler highlights the resilience of the dental industry and the opportunities it presents for growth and acquisition. He advises dentists to take advantage of the current market conditions and not let interest rates be a barrier to their goals and dreams.
Understanding the Current Macro Climate
Chandler provides insights into the macro factors affecting interest rates and the overall economy. He acknowledges the daily fluctuations in the market and the challenges presented by rising interest rates. However, he also highlights the overall strength of the economy and the historical perspective of interest rates. Chandler encourages dentists to focus on the bigger picture and take into account the long-term investment nature of their projects. He advises dentists to pay attention to indicators such as the 10-year treasury rate for insights into future rate trends.
The Role of SBA Loans and Live Oak Bank
Chandler discusses the role of SBA loans and Live Oak Bank in supporting dentists' financing needs. He explains the purpose of SBA loans, which provide opportunities for small businesses with less cash and more flexible terms. Chandler emphasizes Live Oak Bank's focus on the dental industry and its commitment to providing transparent and honest lending services. He also highlights the benefits of SBA loans, such as lower down payments and the ability to refinance in the future. Chandler mentions Live Oak Bank's new product for DSOs, offering conventional financing for consolidation and growth capital.