| Date: |
December 08, 2014 |
| Title: |
Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$497K DENTAL PRACTICE DEBT REFI & WORKING CAPITAL 5.68%, 10-YEAR TERM - FIXED RATE FOR 10 - YEAR TERM; 15 YEAR AMORTIZATION |
| Scenario: |
A successful dentist who owned a specialty practice, located in Kansas, was looking to consolidate his current practice debt and get an additional $150K for new equipment and working capital.
The dentist shared space with a partnering dentist and had multiple loans on his practice, one with a high interest rate. He was also looking to upgrade equipment and take out additional working capital.
Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow even after taking out the additional $150K in working capital.
Conventional Dental Practice Financing structured to consolidate practice loans & working capital.
Closed: 12/08/2014 |
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