Dentist Office

Business Stage
Start-Up
Industry
Professional
Time In Business
Start-up
Employees
3
Annual Revenue Text
Projected to be $1MM
Equipment Type
Medical
Ticket Size
$50K - $70K
Equipment Details
Various Dental Equipment
Equipment Purpose
New
Weaknesses (Cons)
  • Start-Up Business
  • Guarantor had a previous BK
  • Low residual value of equipment
Strengths (Pros)
  • Licensed dentist since 1993 making $300K plus salary
  • Brother 10% owner and guarantor making $735K W-2 income as a doctor
  • Lessee is already doing surgeries at other dentist offices
Creative Solution
Approved with a minimum 15% security deposit required for a start-up, and they choose a 24 month term. Credit felt comfortable with the two high net worth and high respected individuals (in their industry). The oral surgeon had demonstrated the capacity to generate over $2,000,000 a year for his previous employer.
Team Sales Rep
Martin Lacayo