Smile Care Dental Group LLC
Smile Care Dental Group LLC is a dental office in Paramus, New Jersey, in the offices of dentists industry (NAICS 621210). The company financed real estate or equipment through an SBA 504 loan of $1,488,000, approved on October 18, 2024, with The Bancorp Bank National Association as the bank partner and Empire State Certified Development Corporation as the CDC.
SBA 504 loan, approved Oct 18, 2024
$1,488,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,488,000
- Bank portion
- $1,456,003
- Estimated project size
- $3,271,114 (estimated)
- Estimated owner equity
- $327,111 (estimated, about 10% of the project)
- Bank lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 18, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-5
- Collateral
- Yes
Estimated share of project by source
Bank 45% SBA (CDC) 45% Owner 10%
- Larger than 51% of expansion loans in Offices of Dentists on this site.
- Average expansion loan in Offices of Dentists: $1,725,244.
- Average expansion loan in New Jersey: $2,533,058.
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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