Practice Loan Details
| Date: |
April 26, 2016 |
| Title: |
$275K Dental Practice Debt Consolidation |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$275K DENTAL PRACTICE DEBT CONSOLIDATION. 5.5% 10-YEAR FIXED TERM |
| Scenario: |
A successful general dentist located in Utah was looking to consolidate his practice loans because one of his current loans had a step up feature that was affecting his cash flow.
The issue this particular Dentist was having was in 2008 he had a bankruptcy. He was also working less days in his practice as he became a professor at the Dental University a few years prior.
Due to the favorable fixed rate and term of the new loan, the doctor was able to increase monthly cash flow by more then $1,900 a month, even after taking out an additional $25K in working capital.
Conventional Dental Practice Financing structured to consolidate practice loans & working capital.
Closed: 04/26/2016 |
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