Main Street Registry

Julio C. De Los Rios, D.M.D., P.A.

Boynton Beach, FL · Offices of Dentists · NAICS 621210

Julio C. De Los Rios, D.M.D., P.A. is an offices of dentists business located in Boynton Beach, Florida. The company was financed with an SBA 7(a) loan for a change of ownership of $1.24 million, approved by OptimumBank on March 29, 2024.

SBA 7(a) loan, change of ownership, approved Mar 29, 2024

$1,240,000 approvedLender: OptimumBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,240,000
SBA-guaranteed amount
$930,000 (75% of the approval)
Lender
OptimumBank, Fort Lauderdale, FL
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
11.5%, variable
Term
10 years (120 months)
Estimated maturity
March 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$17,434 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
1
Business type
Corporation
NAICS
621210, Offices of Dentists
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-21
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% of acquisition loans in Offices of Dentists on this site.
  • Average acquisition loan in Offices of Dentists: $1,456,655.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida