The Costly Financing Mistakes That New Practice Owners Often Make

Access to the right financing at the right time can determine whether a dental practice grows or struggles. In this episode of the Secure Dental Podcast, Sharmeen Aqeel, Founder and CEO of Lyyvora, explains why so many dentists feel overwhelmed when navigating practice financing and how better preparation can change outcomes. Drawing from her background in product and UX design, she shares how she identified the gap between healthcare and finance and built solutions to bridge it. The conversation explores common challenges dentists face, including knowing when they are loan-ready, understanding financial documents such as P&Ls, and selecting the right loan type for acquisitions or growth. Sharmeen also outlines practical strategies such as market research, cash flow planning, maintaining liquidity, and keeping secondary income during the early stages. She highlights the differences between traditional banks and alternative lenders, and why exploring both can create opportunities when banks say no. Tune in and learn how to fund your dental practice with clarity, confidence, and smart strategy. Resources: Follow and connect with Sharmeen Aqeel on LinkedIn. Follow Lyyvora on LinkedIn and discover their website. Follow Secure Dental on LinkedIn and visit their website. Learn more about your ad choices. Visit megaphone.fm/adchoices