Wells Fargo Practice Finance, the only practice finance company endorsed by ADA Business Resources, has donated $ 20,000 in disaster relief funds to the ADA Foundation to support dental practices impacted by Hurricane Sandy, the company announced this month.

In addition, Wells Fargo is also providing an extension of loan terms or debt restructuring on a case-by-case basis for affected practices.

“Wells Fargo has a longstanding history of supporting communities in their time of need,” said Allison Farey, president, Wells Fargo Practice Finance. “We are proud to be a part of that tradition, and our commitment has always been to help meet the needs of our doctors so they can focus on providing the best possible patient care.
 
“We have a number of processes in place to provide support to both customers and prospective customers who are located in the storm-affected states,” Ms. Farey continued. “Each doctor is handled on a case-by-case basis, and such support might include the extension of loan terms or restructuring borrower’s debt obligations. We believe these measures can help borrowers recover their financial strength and get back to enjoying the successes they had in their practices before the disaster hit.”

Gene Wurth of the ADA Foundation expressed gratitude for the $ 20,000 donation. “The ADA Foundation works to provide support to dentists affected by disasters, and we are very grateful for Wells Fargo Practice Finance’s partnership and ongoing support of our emergency assistance programs,” said Mr. Wurth.

Wells Fargo Practice Finance representatives have been working alongside organizations such as Federal Emergency Management Agency, the Small Business Administration, and other New York State and New York City emergency agencies to offer support to affected practices. In addition, Wells Fargo participated in the disaster relief seminar and panel at the Greater New York Dental Meeting in November 2012.

ADA members who are existing Wells Fargo Practice Finance customers can contact Client Services at 1-800-628-7816. In addition to accepting inbound calls, representatives are currently making outbound calls to dentists located in the disaster areas to offer assistance. Wells Fargo Practice Finance is also offering complimentary practice management consultations to doctors in affected areas. Doctors may request a complimentary consultation by contacting Client Practice Services at 1-800-326-0376 or [email protected].

For more information about special member rates, customized financing solutions and complimentary business planning tools, visit www.wellsfargo.com/dentists or call 1-888-937-2321.