Ladd Dental Group

 A capital stack simply refers to the different layers of money used to finance a business. Think of it like the “financial structure” of a dental organization. Every dollar that funds a practice acquisition, expansion, equipment purchase, or new build-out comes from somewhere — and each source of capital has different risks, costs, and expectations. The capital stack is usually broken into several layers: 1. Senior Debt This is typically the least expensive form of capital and often comes from banks or traditional lenders. Examples in dentistry include: Practice acquisition loans Real estate loans Equipment financing Lines of credit Senior debt is usually secured by assets and gets paid back first if something goes wrong. Because it carries lower risk to the lender, interest rates are typically lower. For many independent dentists , senior debt is the first and most familiar layer of the capital stack. Why It Matters: Using debt strategically can accelerate gr...