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Chertes Pacific Dental Corporation

San Diego, CA · Offices of Dentists · NAICS 621210

Chertes Pacific Dental Corporation is a dental practice in San Diego, California, classified under NAICS 621210 (Offices of Dentists). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1.84 million, approved by Live Oak Banking Company on September 6, 2024.

SBA 7(a) loan, change of ownership, approved Sep 6, 2024

$1,840,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,840,000
SBA-guaranteed amount
$1,380,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.84%, variable
Term
25 years (300 months)
Estimated maturity
September 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$14,007 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
621210, Offices of Dentists
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-52
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 73% of acquisition loans in Offices of Dentists on this site.
  • Average acquisition loan in Offices of Dentists: $1,456,655.
  • Average acquisition loan in California: $1,688,228.

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 California