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Lynn Haven Dental Specialists, PA

Lynn Haven, FL · Offices of Dentists · NAICS 621210

Lynn Haven Dental Specialists, PA, located in Lynn Haven, Florida, operates in the offices of dentists industry (NAICS 621210). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1.2 million, approved by Live Oak Banking Company on May 13, 2024.

SBA 7(a) loan, change of ownership, approved May 13, 2024

$1,200,000 approvedLender: Live Oak Banking Company195 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,200,000
SBA-guaranteed amount
$900,000 (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
8.75%, variable
Term
16 years, 3 months (195 months)
Estimated maturity
August 13, 2040 (estimated, approval date plus term)
Estimated monthly payment
$11,551 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
621210, Offices of Dentists
Project location
Bay County, FL
SBA district office
North Florida District Office
Congressional district
FL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 55% 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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Same industry in Florida