27 September 2022

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Panacea Financial, Pennsylvania Dental Association announce partnership

Katherine E. Pfaff

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Panacea Financial, which provides financial services for physicians, dentists, and veterinarians, has partnered with the Pennsylvania Dental Association (PDA) to provide its PRN Personal Loans to PDA members, which includes approximately 5,200 dentist members. 

A PRN loan is a type of flexible financing that puts the borrower in control of how funds are used, according to Panacea Financial. Unlike a practice loan, which is used to open or expand a medical office, PRN loans can be used for personal purposes as well. 

Dr. D. Scott Aldinger, PDA member and chair of the Pennsylvania Enterprise Resource Corporation, said in a news release that training and practicing to become a dentist can be financially stressful. As a doctor-founded bank, Panacea Financial understands our community, and we look forward to working together to better support dentists and dentists-in-training across Pennsylvania. 

Dr. Michael Jerkins, a medical doctor, president and co-founder of Panacea Financial, said that his company exists to help fellow doctors.  

"Dentists all over the country have used our PRN Personal Loan to have quick access to funding to help them with anything from refinancing high-interest debt, paying for exams, or simply handling unexpected costs,” he said. “And we are happy to provide PDA members special offerings on this service."