Lending Update III

California Dental Practice Sales

ATTENTION BUYERS! Banks are still lending! This is a great time to buy a dental practice with interest rates lower now than during the recession in 2009/2010!

Banks are approving loans with automatic 3 to 6 month payment deferrals! Call or email us for details.

A major dental lender has the following incredible CASH OUT REFINANCE program available as follows for California Dental Practice Sales:

We are excited to launch our enhanced refinance program to help support our industry through these challenging times. Starting today, qualified applicants will be eligible for a practice or commercial real estate refinance with the following terms:
• Working capital up to 15% of previous year’s revenue, capped at $200,000 max.
• Up to 6 months of deferred or interest-only payments (optional).
• 120-month term on Practice Loan. (after deferral period)
• 120-month term w/ 25-year amortization on Commercial Real Estate loan.
With rates being very low and with many doctors being offered grace periods on their existing loans, now is a GREAT time for them to truly assess long term cash-flow solutions.

Now is the time to buy to be ready for the economic bounce back!