Progressive Dental Novi PLLC
Progressive Dental Novi PLLC is a business in Novi, Michigan, in the offices of dentists industry (NAICS 621210). The company was financed with an SBA 7(a) loan for a change of ownership of $886,500, approved on March 3, 2026, through Accordia Bank.
SBA 7(a) loan, change of ownership, approved Mar 3, 2026
$886,500 approvedLender: Accordia Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $886,500
- SBA-guaranteed amount
- $664,875 (75% of the approval)
- Lender
- Accordia Bank, Provo, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 3, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,350 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 31% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in Michigan: $1,645,728.
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 Michigan
- My Lansing Dentist PLLC, Lansing
- Roam Dental PLLC, Sandusky