Bradenton Orthodontics, PLLC
Bradenton Orthodontics, PLLC is located in Bradenton, FL, and the SBA lists its industry as Offices of Dentists. It was approved for an SBA 7(a) loan of $2,000,000 for a change of ownership on June 13, 2024.
SBA 7(a) loan, change of ownership, approved Jun 13, 2024
- Gross approval
- $2,000,000
- SBA-guaranteed amount
- $1,500,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 13, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $16,105 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Manatee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in Florida: $1,808,559.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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