Prairie Smiles Family Dentistry
Prairie Smiles Family Dentistry, located in Huron, South Dakota, operates in the offices of dentists industry (NAICS 621210). The company financed real estate or equipment through an SBA 504 loan of $1,295,000, approved on January 16, 2024, with American Bank and Trust as the lending bank and Ally Dakota Development, Inc. as the certified development company.
SBA 504 loan, approved Jan 16, 2024
$1,295,000 SBA portionCDC: Ally Dakota Development, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,295,000
- Bank portion
- $1,496,595
- Estimated project size
- $3,101,772 (estimated)
- Estimated owner equity
- $310,177 (estimated, about 10% of the project)
- Bank lender
- American Bank and Trust, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 16, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Beadle County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-0
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 40% of expansion loans in Offices of Dentists on this site.
- Average expansion loan in Offices of Dentists: $1,725,244.
- Average expansion loan in South Dakota: $2,152,356.
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 South Dakota
- 605 Orthodontics & Smile Design, Sioux Falls