Practice Loan Details
| Date: |
June 29, 2015 |
| Title: |
$750K Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$750K DENTAL PRACTICE DEBT CONSOLIDATION. 5.8% 7-YEAR FIXED TERM |
| Scenario: |
A successful general dentist located in Massachusetts was looking to consolidate his practice loan, business credit cards, and a high interest rate working capital loan that he took out in early 2014. He wanted to have all his debt consolidated into one low monthly payment. He was also looking for additional working capital to start offering new dental products that would increase his yearly revenue.
Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $5,900 a month, even after taking out an additional $75K in working capital.
Conventional Dental Practice Financing structured to consolidate practice loans, business credit cards & working capital.
Closed: 06/26/2015 |
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