The SBA Loan for Dental, Orthodontic and Oral Surgery Facilities
The SBA 504 loan program is an excellent loan for Dentists, Orthodontists and Oral Surgeons in need of financing for the purchase a new building or facility, for the renovation or expansion of an office or oral surgery center and to finance expensive equipment.
If you are starting, purchasing or refinancing a dental, orthodontic or oral surgery practice then SBA 7a loan is the loan you need to consider as it is available for not only real estate, but business or practice acquisition, working capital, business debt consolidation and other "legitimate practice needs."
Click here for more information: SBA 7a Loan.
The 504 Loan is Available for New Construction, Remodeling or Refinance and Expansion
The 504 program can be used to build a new facility or to refinance and remodel an existing medical or dental facility. It is an excellent solution for a practice expansion especially if you would like to upgrade and finance your equipment in the process.
SBA 504 Benefits
1. Long term commercial financing at low rates.
2. Commercial financing that is actually available - and with 10% down/10% equity.
2. It allows the financing of expensive dental practice equipment with a useful life of 10 years or more.
3. 90% loan to cost financing that is fully amortized with no balloons, calls, re-qualifying or refinancing necessary later.
5. Most of the SBA fees have been temporarily eliminated.
6. If you can reduce your energy bills by 10% by using energy efficient technology you can finance larger projects or possibly multiple locations.
7. The approval process is not as difficult as some other SBA loans have been known to be.
More SBA 504 Loan info: 504 Loans
Summary of SBA 504 Renewable Energy Benefits
Please contact us at 1-800-414-5285 to find out how our expertise with the SBA 504 can help your business.
