Zimmerman Family Dentistry Acquisition PLLC
Zimmerman Family Dentistry Acquisition PLLC is located in Pass Christian, Mississippi, and operates in the offices of dentists industry (NAICS 621210). The business was financed with an SBA 7(a) loan for a change of ownership of $785,000, approved by Hancock Whitney Bank on February 14, 2024.
SBA 7(a) loan, change of ownership, approved Feb 14, 2024
$785,000 approvedLender: Hancock Whitney Bank15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $785,000
- SBA-guaranteed amount
- $588,750 (75% of the approval)
- Lender
- Hancock Whitney Bank, Gulfport, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- February 14, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $8,922 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Harrison County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in Mississippi: $1,688,600.
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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