Restore Dental LLC
Restore Dental LLC, located in Rio Rancho, New Mexico, operates in the industry of offices of dentists (NAICS 621210). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.3 million, approved on April 25, 2024, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Apr 25, 2024
$3,332,300 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,332,300
- SBA-guaranteed amount
- $2,499,225 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- April 25, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $25,719 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 3, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Sandoval County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 94% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in New Mexico: $1,985,089.
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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