Main Street Registry

Peace Medical

Oakland Park, FL · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Peace Medical, located in Oakland Park, FL, operates in the offices of physicians industry (NAICS 621111, excluding mental health specialists). It was financed with an SBA 7(a) loan for a change of ownership of $4.5 million, approved on September 10, 2024, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Sep 10, 2024

$4,509,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,509,000
SBA-guaranteed amount
$3,381,750 (75% of the approval)
Lender
First Internet Bank of Indiana, Fishers, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
September 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$62,751 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 94% of acquisition loans in Offices of Physicians (except Mental Health Specialists) on this site.
  • Average acquisition loan in Offices of Physicians (except Mental Health Specialists): $1,706,191.
  • 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