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Posted on: November 16, 2018

NWBDC and NWRPC Awards Business Acquisition Funding for Dental Metrics, LLC

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NWBDC United States Department of Agriculture (USDA) loan funding and NWRPC SBA Micro Loan program awarded loan funding to Merlyn Coy to acquire full ownership of Dental Metrics Laboratory, Inc., purchase equipment and provide working capital.

Coy began operating as Dental Metrics in January 2016 at the Iron River Enterprise Center. The business is a fully integrated digital dental lab dedicated to providing unparalleled resources for dental professionals.

“The vision was to supply regional dentists with high quality, affordable restorations for all of their patient’s needs in a timely manner with local technicians who they could trust,” Coy said.

In 2004, Coy began his career in dental technology. Coy has been working to perfect his skills as a dental lab technician for over a decade and has received much recognition from peers and employers for his knowledge base and skill level. After achieving his personal goal of becoming a nationally certified dental technician or “CDT,” Coy has chosen to continue on in his pursuit of dental excellence by founding Dental Metrics Laboratory.

“This laboratory is the culmination of my years of study and work with some of the top dental professionals in the country and the world,” Coy explained.

In 2018, NWBDC made another investment into Coy’s operation by becoming fully digital through allowing scanning techniques allow the laboratory to receive information from doctors instantly and begin the fabrication process and the purchase of a 3-D printer to increase the digital processing capacity to print the dental appliances for patients.

“The addition of the 3-D printer will really springboard my business to that next level. This opportunity will create a higher quality product that fits right the first time leading to fewer adjustments and increased efficiencies by eliminating stone model work and multiple other small lab equipment pieces that are currently used for wax, stone and plastics production,” Coy revealed.

“I am very fortunate to have both NWBDC and NWRPC for believing in my ability and partnering with me from the beginning,” Coy shared.

NWBDC’s USDA revolving loan funding and the NWRPC’s SBA Micro Loan Fund has helped Coy expand his dental appliance footprint by gaining full control of his company and retaining 3 full time jobs in Iron River, Wisconsin. To see if your business would qualify for a startup, transition or expansion loan product at NWRPC, contact loan fund manager Ken Pearson at (715) 635-2197.
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