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06-22-2023, 02:06 PM #1Member
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Dentist Acquisition
Hi guys! Looking for a lender (broker friendly) that will lend the acquisition of an existing dental office. The dental office makes around $750,000-1mil a year.
Is this possible? Please let me know. Thank you.
Melissarz21@gmail.com
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06-22-2023, 02:59 PM #2Senior Member
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SBA will do those all day if the credit and borrower makes sense
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06-22-2023, 03:01 PM #3Senior Member
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You should approach SBA lenders about this, it's what the SBA was designed to do. Assuming the client has decent enough credit and is also a dentist (or other relevant managerial experience), and the seller will work together with your client and provide the 3 years of financials along with the other things involved and he did his taxes in a way that he showed gains. Easier said than done - there are SO many acquisition deals that I've seen that die (and I've advised the buyer to kill the deal) because the seller refused to play nicely.
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06-22-2023, 04:28 PM #4Senior Member
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Guys - there are companies who specialize in dental acquisition financing.
As well as SBA business acquisition loans.
https://www.1stmedfinancial.com/dental-practice-loansLast edited by Olderguy; 06-22-2023 at 04:40 PM.
Steve Benjamin
Professional Business Loans
522 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.
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06-22-2023, 05:56 PM #5Member
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Thank you for this information, I will look into it!
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06-22-2023, 05:56 PM #6Member
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Thank you Micah, I will keep this in mind!
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