Practice Loan Details

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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