Roam Dental PLLC
Roam Dental PLLC is an offices of dentists business located in Sandusky, Michigan, under NAICS code 621210. The company was financed with an SBA 7(a) loan for a change of ownership of $1,325,000, approved on December 18, 2024 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Dec 18, 2024
$1,325,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,325,000
- SBA-guaranteed amount
- $993,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 18, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $10,008 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Sanilac County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in Michigan: $1,645,728.
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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