Smile Center, Inc.
Smile Center, Inc. is an office of dentists in Mobile, Alabama, classified under NAICS code 621210. The business financed real estate or equipment through an SBA 504 loan of $1,839,000 approved on July 15, 2024, with Renasant Bank as the participating lender and Florida Business Development Corporation as the certified development company.
SBA 504 loan, approved Jul 15, 2024
$1,839,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,839,000
- Bank portion
- $2,071,000
- Estimated project size
- $4,344,444 (estimated)
- Estimated owner equity
- $434,444 (estimated, about 10% of the project)
- Bank lender
- Renasant Bank, Tupelo, MS
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 15, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Mobile County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-1
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 65% of expansion loans in Offices of Dentists on this site.
- Average expansion loan in Offices of Dentists: $1,725,244.
- Average expansion loan in Alabama: $2,182,891.
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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