Dental Office Feasibility Study in the Ogden, UT Metro Area

Fourth class, above-parity weight

Dental offices are fourth among the 39 classes in the Ogden area, and a quotient of 1.60x puts them well above their national share. Nationally the area is 40 of 562. SBA approved 38 loans from FY2017 to FY2026 for $31.2 million, and Davis County accounts for 20.

Loan size and mix

A midpoint of $549,000 is 1.08x the national midpoint, with typical loans from $248,475 to $988,200. By program, 7(a) has 25 loans and 504 has 13, a strong 504 presence that fits practices buying the building they occupy. Of the 504 lenders, Mountain West Small Business Finance appears on 8 loans worth $4.4 million and Intermountain Business Lending, Inc. on 5 worth $4.5 million, the second a much higher average. Wells Fargo Bank National Association, the 7(a) name, shows 7 loans worth $4.2 million. All three entries reflect the holder SBA lists now, and they show that 504 companies are as visible here as banks. Franchise share is 0.00%.

The cancellation floor is zero, and that needs care

Cancellation after approval is printed as 0.00% for approvals from FY2017 through FY2024. Rates on this site are floors, so the figure says SBA's data shows no cancelled approvals in that group, which is a minimum and not a proof that none occurred; the ceiling variant is withheld. Charge-offs go unreported, with the cohort under 30 loans. A lender should not read the first as evidence about the second.

Years

FY2017 is printed with 6 loans and $2.7 million and FY2019 with 6 and $3.6 million. Other years are not shown.

Studying an Ogden-area practice

A study should test the patients within reach of the site, particularly families in growing Davis and Weber communities, the share with dental coverage, which the study must source, and the competing offices nearby. It should price operatories and imaging, set production per chair beside payroll and rent, and name the plan as a new office, a practice purchase or a building purchase. A building purchase should be tested separately, because 504 financing in this record points to real estate. The loan has to be serviced even as chairs fill slowly, and the appraisal separates goodwill, equipment and real estate.