Newaz Orthodontics PLLC
Newaz Orthodontics PLLC is an office of dentists located in Williston, Vermont, classified under NAICS code 621210. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,066,000, approved on October 18, 2024, through Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Oct 18, 2024
$1,066,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,066,000
- SBA-guaranteed amount
- $799,500 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $14,384 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Chittenden County, VT
- SBA district office
- Vermont District Office
- Congressional district
- VT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 47% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in Vermont: $1,727,847.
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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