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D & G Smile II LLC

East Brunswick, NJ · Offices of Dentists · NAICS 621210

D & G Smile II LLC is a dental office in East Brunswick, New Jersey, classified under the industry Offices of Dentists (NAICS 621210). It was financed with an SBA 7(a) loan for a change of ownership of $825,000, approved on July 22, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jul 22, 2024

$825,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$825,000
SBA-guaranteed amount
$618,750 (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
8.75%, variable
Term
10 years (120 months)
Estimated maturity
July 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,339 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
621210, Offices of Dentists
Project location
Middlesex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 26% of acquisition loans in Offices of Dentists on this site.
  • Average acquisition loan in Offices of Dentists: $1,456,655.
  • Average acquisition loan in New Jersey: $1,626,307.

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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Same industry in New Jersey