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Bennett Family Dental, LLC

Westlake, OH · Offices of Dentists · NAICS 621210

Bennett Family Dental, LLC, located in Westlake, Ohio, operates in the offices of dentists industry (NAICS 621210). The company was financed with an SBA 7(a) loan for a change of ownership totaling $917,500, approved on August 19, 2024 by Fifth Third Bank, and the loan reports 4 jobs.

SBA 7(a) loan, change of ownership, approved Aug 19, 2024

$917,500 approvedLender: Fifth Third Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$917,500
SBA-guaranteed amount
$688,125 (75% of the approval)
Lender
Fifth Third Bank, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
August 19, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,388 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
621210, Offices of Dentists
Project location
Cuyahoga County, OH
SBA district office
Columbus District Office
Congressional district
OH-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 35% 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