| Date: |
May 09, 2016 |
| Title: |
$394K Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$394K DENTAL PRACTICE DEBT CONSOLIDATION. 6.25%, (Prime + 2.75%), 10-YEAR TERM |
| Scenario: |
A successful general dentist was looking to consolidate his practice loan, business credit cards, and a high interest rate working capital loan that he had taken out in prior years.
He wanted to have all his debt consolidated into one low monthly payment. He was also looking for additional working capital to hire new staff members.
Due to the high interest rates on the doctor's current loans his minimum payment was over $14K a month. After the consolidation his monthly payment went down to $4,500 a month which dramatically increased his cash flow even after taking out an additional $99K in working capital.
SBA 7(a) Dental Practice Financing Structured to refinance all outstanding debt, business credit cards and working capital for future growth and and hiring of additional staff.
Closed: 05/09/2016 |
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