Glenview Family Dental, PLLC
Glenview Family Dental, PLLC is a business in Glenview, Illinois, operating in the offices of dentists industry (NAICS 621210). The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on December 6, 2023, through Pan American Bank & Trust.
SBA 7(a) loan, change of ownership, approved Dec 6, 2023
$500,000 approvedLender: Pan American Bank & Trust10 years termPaid in fullLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Pan American Bank & Trust, Melrose Park, IL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 6, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,747 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 5, 2024
- Loan status
- Paid in full
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in Illinois: $1,796,780.
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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