Design West Dental Ceramics, Inc.
Design West Dental Ceramics, Inc. is a dental laboratory located in Springville, Utah. The company was financed with an SBA 7(a) loan for a change of ownership totaling $657,200, approved by Central Bank on November 4, 2023.
SBA 7(a) loan, change of ownership, approved Nov 4, 2023
$657,200 approvedLender: Central Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $657,200
- SBA-guaranteed amount
- $492,900 (75% of the approval)
- Lender
- Central Bank, Provo, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 4, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $5,972 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 8, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 339116, Dental Laboratories
- Project location
- Utah County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Dental Laboratories: $2,346,733.
- Average acquisition loan in Utah: $1,761,092.
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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