Practice Loan Details
| Date: |
October 06, 2011 |
| Title: |
$583K Dental Pract. Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$583K DENTAL PRACTICE DEBT CONSOLIDATION & W. CAP, 5.25% (PRIME + 2), 10-YEAR TERM |
| Scenario: |
Chicago Area Dentist 3 years into his growing practice looking to consolidate his start-up & other accumulated practice debt.
SBA 7(a) Loan structured to consolidate current debt (Patterson, LOC & Practice Credit Cards), working capital for marketing and growth with $30K on stand-by for new op in 2012.
Increased monthly cash flow by $3500.
Closed: 10/06/2011 |
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