Need a Funder or Vendor? START HERE

Results 1 to 10 of 10
  1. #1
    Noob Reputation points: 10
    Join Date
    Jan 2023
    Location
    MA
    Posts
    3

    Dentist

    Dentist is looking to get 100% business financing. He is purchasing the office in Massachusetts For $1.4 mil and no real estate in this deal, just the business.

  2. #2
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    This is what the SBA was designed for. I'm assuming it's a dentist who's purchasing another dentist office?

  3. #3
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by Alh View Post
    Dentist is looking to get 100% business financing. He is purchasing the office in Massachusetts For $1.4 mil and no real estate in this deal, just the business.
    SBA may be a solution - can the business support the payment?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    My understanding is 100% financing is if there is commercial real estate.

    Otherwise business purchase financing is usually 10% down and 10% working capital.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  5. #5
    Noob Reputation points: 10
    Join Date
    Jan 2023
    Location
    MA
    Posts
    3

    Thank you for your replays. Dentist is looking for a lender that does 100% practice financing and not a 7A SBA loan.

  6. #6
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by Alh View Post
    Thank you for your replays. Dentist is looking for a lender that does 100% practice financing and not a 7A SBA loan.
    That would suggest your client does not have the financial documents to support a $1.4M Loan

    We will assume he has not or cannot go to his local banker.

    Therefore, we are now into hard money lender options - your client has to be able to produce financials that
    will support the payments on this note.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  8. #8
    Senior Member Reputation points: 1755
    Join Date
    Oct 2022
    Posts
    258

    If they do not Have the financials I might have some ideas and products for you. Please send me a private message if you are interested.

  9. #9
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    717

    Quote Originally Posted by Alh View Post
    Thank you for your replays. Dentist is looking for a lender that does 100% practice financing and not a 7A SBA loan.
    let him keep dreaming. or have him buy a private practice and the seller carry the note

  10. #10
    Noob Reputation points: 10
    Join Date
    Jan 2023
    Location
    MA
    Posts
    3

    I greatly appreciate it olderguy!

Similar Threads

  1. Dentist
    By brokerCompany in forum Deal Bin
    Replies: 11
    Last Post: 12-27-2018, 05:09 PM
  2. Dentist / SBA Loan
    By dnp in forum Deal Bin
    Replies: 3
    Last Post: 02-01-2018, 05:38 PM
  3. Dentist - needs second position
    By MoneyBunz in forum Deal Bin
    Replies: 3
    Last Post: 04-17-2017, 08:05 AM
  4. Dentist
    By TMR in forum Deal Bin
    Replies: 5
    Last Post: 09-02-2016, 06:17 PM
  5. Dentist looking for $250K -
    By Jstarr in forum Deal Bin
    Replies: 8
    Last Post: 02-15-2015, 11:02 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY