Steven Wolfram Dental Corporation
Steven Wolfram Dental Corporation is located in Lake Forest, CA, and the SBA lists its industry as Offices of Dentists. It was approved for an SBA 7(a) loan of $925,000 for a change of ownership on November 27, 2024.
SBA 7(a) loan, change of ownership, approved Nov 27, 2024
- Gross approval
- $925,000
- SBA-guaranteed amount
- $693,750 (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
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,345 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 621210, Offices of Dentists
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-45
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 35% of acquisition loans in Offices of Dentists on this site.
- Average acquisition loan in Offices of Dentists: $1,456,655.
- Average acquisition loan in California: $1,688,228.
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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