5Ws* Sunbit Buy Now, Pay-Over-Time Solution
This patient financing platform focuses on both the patient experience and the dental practice by providing tools and support to ensure successful implementation.
Information provided by Sunbit Technology.
What
Sunbit Buy Now, Pay-Over-Time Solution
Who
Sunbit Technology
855-678-6248
Where
All dental practices and group practices.
When
Designed for speed at the point of sale, Sunbit’s application process takes 30 seconds and funds are available for patients to use immediately. The platform also offers near real-time reporting so that practice owners, office managers, and treatment coordinators can review financial performance at the coordinator, office, or dental service organization level.
Why
Many practices are selecting Sunbit as the primary buy-now, pay-later (BNPL) partner of choice because of its ability to serve more than 85% of patients who apply. The program, which is made for dental patients, offers access to financing for procedures between $50 and $20,000, with true, no interest 6- and 12-month plans for well-qualified customers and 18-72 month plans available with interest. Additionally, there are no late fees or hidden fees. Loans are made by Transportation Alliance Bank, Inc., dba TAB bank, which determines qualifications for and terms of credit.
How*
Sunbit manages the application and collections processes, and the dental office gets paid right away, increasing cash flow to the business without the risk of a patient defaulting on the loan. A patient’s credit score is unaffected by the application process. The platform features practice-focused tools, ongoing training, and support to ensure successful implementation.
