Dental Office Feasibility Study in the Grand Rapids-Wyoming-Kentwood, MI Metro Area

What the Grand Rapids-Wyoming-Kentwood record shows for dental offices

Dentistry around Grand Rapids is a class of fewer loans but larger ones: the location quotient is 0.62x while the median loan runs 1.28x the national median. From FY2017 through FY2026, SBA approved 32 loans for dental offices in Grand Rapids-Wyoming-Kentwood, MI, $41.7 million together. Within Grand Rapids-Wyoming-Kentwood, MI the class holds 6 of 39, and against other areas the ranking reads 53 of 562. The Grand Rapids-Wyoming-Kentwood location quotient of 0.62x puts dental offices below their national share of lending. Grand Rapids-Wyoming-Kentwood loan size runs high: $651,250 at the median, 1.28x the national median for dental offices.

Between $238,575 and $1.6 million lies the middle half of the Grand Rapids-Wyoming-Kentwood loans. A request far above $1.6 million would be among the largest in Grand Rapids-Wyoming-Kentwood. Under SBA 7(a) sit 25 loans, and under SBA 504 sit 7. The Grand Rapids-Wyoming-Kentwood franchise share of loans is 0.00%. A reviewer reads requests against $651,250. Ordinary requests fall in $238,575 to $1.6 million. State the brand path in the study. Pick the SBA program deliberately.

Lenders, counties and years for dental offices

SBA 7(a) loans in Grand Rapids-Wyoming-Kentwood are held by The Huntington National Bank (10 loans worth $6.4 million) and Live Oak Banking Company (8 loans worth $21.8 million), as SBA reports. The table lists holders as of today. It is silent on holder lending. Place by place, Kent County, MI holds 24. Printed years: FY2017 with 5 loans and $3.5 million, FY2019 with 6 loans and $7.5 million, FY2022 with 0 loans and $0, FY2023 with 0 loans and $0 and FY2024 with 6 loans and $14.4 million. Missing years are withheld. Too few loans sit behind them. None is an empty year. The record helps frame a Grand Rapids-Wyoming-Kentwood request. The study adds what the record lacks.

Testing a dental office project in Grand Rapids-Wyoming-Kentwood

No cancellation or charge-off rate for Grand Rapids-Wyoming-Kentwood. The cohort is below 30 loans. Loss history cannot be cited. Boundaries come from the 2023 rules. The project county places the loan. County names do the matching. A loan with no match stays out. Grand Rapids-Wyoming-Kentwood shows $41.7 million across 32 loans. A study supplies what totals cannot. Before a lender sees a dental office project in Grand Rapids-Wyoming-Kentwood, the study should test cash flow during the ramp-up; chairs, imaging and sterilization cost against the $651,250 median; the hand-over of an acquired practice; patients within reach of the site; operatories the plan can keep busy; insurance plans against direct-pay patients; hygienist and assistant staffing; dentists already competing for them; and the appraisal of the practice or premises. None of this forecasts a Grand Rapids-Wyoming-Kentwood request. Every request is judged separately.