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Westerville Office Parkway Family Dentistry LLC

Westerville, OH · Offices of Dentists · NAICS 621210

Westerville Office Parkway Family Dentistry LLC is a dental practice in Westerville, Ohio, classified under NAICS 621210 (Offices of Dentists). The business was financed with an SBA 7(a) loan for a change of ownership of $935,000, approved by United Midwest Savings Bank National Association on April 22, 2024.

SBA 7(a) loan, change of ownership, approved Apr 22, 2024

$935,000 approvedLender: United Midwest Savings Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$935,000
SBA-guaranteed amount
$701,250 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
April 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,012 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
621210, Offices of Dentists
Project location
Delaware County, OH
SBA district office
Columbus District Office
Congressional district
OH-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 37% of acquisition loans in Offices of Dentists on this site.
  • Average acquisition loan in Offices of Dentists: $1,456,655.
  • Average acquisition loan in Ohio: $1,840,340.

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 Ohio