Practice Loan Details
| Date: |
April 29, 2011 |
| Title: |
$835K Dental Practice Debt Refinance |
| Practice Type: |
Dental Practice |
| Loan Terms: |
$835K DENTAL PRACTICE DEBT CONSOLIDATION, 5.125%, 3-YEAR FIXED/10-YEAR TERM |
| Scenario: |
Successful dental practice looking to refinance to lower interest rate and increase cash flow.
SBA 7(a) Loan Proposal Issued: Financing structured to refinance all practice debt
Re-amortized over 10 years at 5.125% resulting in a 65% monthly debt service reduction ($4,806). |
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