Palmer and O'Brien Family Dentistry, LLC
Palmer and O'Brien Family Dentistry, LLC is an offices of dentists business located in Shreveport, Louisiana, classified under NAICS code 621210. The company was financed with an SBA 7(a) loan for a change of ownership of $1,855,400, approved on January 21, 2024, through Carter FCU.
SBA 7(a) loan, change of ownership, approved Jan 21, 2024
$1,855,400 approvedLender: Carter FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,855,400
- SBA-guaranteed amount
- $1,391,550 (75% of the approval)
- Lender
- Carter FCU, Springhill, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $22,267 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Caddo County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in Louisiana: $1,702,056.
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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- Russell & Shelton Holding Company, LLC, New Orleans