ADA Member Advantage announced the end of its endorsement relationship with BMO Bank for practice financing.
The American Dental Association, through ADA Member Advantage, and BMO Bank announced the end of their endorsement relationship for practice financing as of Dec. 31, 2023.
BMO Bank will continue to honor the special member pricing for all existing customers who have practice loans already in place.
BMO was named the exclusively-endorsed lender for practice financing for ADA members in 2019. It was the only practice finance bank recommended by ADA Member Advantage, the program managed by the ADA subsidiary ADA Business Enterprises Inc (ADABEI), for the association’s members across the United States.
Through the agreement, ADA members had access to preferred rates on practice financing.
The announcement of a new practice financing endorsement is expected in early 2024.