Dental Office Feasibility Study in the Detroit-Warren-Dearborn, MI Metro Area

Dentistry in metro Detroit: large dollars from a few holders

Detroit's dental office record is small in count, 109 loans in FY2017 to FY2026, but large in dollars: $97.1 million gross. The area ranks 19 of 562 nationally, dental offices are 10 of 39 across Detroit classes, and the location quotient of 0.74x is well under the national share. The median is $478,000, 0.94x the national median, with quartiles at $184,700 and $1.2 million. Oakland County has 53 loans, Wayne 27 and Macomb 21.

Programs: 103 loans are 7(a), 6 are 504. The franchise flag is absent, with a share of 0.00%. With only 6 loans under 504, the record says little about owned buildings, which tilts the study toward practice valuation, patient retention and goodwill rather than appraisal of real estate.

An unusual holder table

Live Oak Banking Company leads with 18 loans and $36.1 million, and the dollar total is high even for the count. United Midwest Savings Bank National Association appears with 12 loans and $16.4 million. Smaller books belong to Fifth Third Bank (9 loans, $4.5 million), The Huntington National Bank (13 loans, $6.6 million) and, smallest in dollars, JPMorgan Chase Bank, National Association with $774,100 across 7 loans. SBA entries note who holds or held the loan and never what a lender will accept today.

Outcomes

Cancellation floor: 13.2% of approvals through FY2024. For Detroit dentistry, the ceiling on cancellations, the loss rate and a few yearly values are not printed by Loan Analytics. None is zero, and none is filled in.

Detroit's quotient of 0.74x means dental offices form a smaller slice of local lending than elsewhere, yet the median of $478,000 is close to the national figure at 0.94x. In other words, fewer Detroit dentists borrow through SBA, but those who do borrow at the usual scale. A request in the $184,700 to $1.2 million range will find plenty of comparison inside the record.

A dental study in Michigan should test the patient base within the practice's draw area, payer mix, associate compensation, the seller's records if the project is an acquisition, the lease or purchase terms, and Detroit coverage at a loan near $478,000. Dental loans in Oakland, Wayne and Macomb counties are counted by matching each project county to the July 2023 delineation, whereas a practice loan with an unmatched county joins no metro, so 109 is a minimum for Detroit.