Practice Loan Details
Date: |
July 196, 2011 |
Title: |
$550K Dental Practice Debt Consolidation |
Practice Type: |
Dental Practice |
Loan Terms: |
$550K DENTAL PRACTICE DEBT CONSOLIDATION, 6.45%, 7-YEAR FIXED TERM |
Scenario: |
General Dentist in Laredo, TX three years into a successful start-up looking to refinance and consolidate his start-up loan and 3 subsequent Patterson equipment loans ($550K).
Conventional Practice Loan Proposal Issued:
Financing structured to consolidated all practice debt
Re-Amortized over 7 years at 6.45% Fixed resulting in a reduced monthly payment and an accellerated paydown of debt. |
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