Dental Office Feasibility Study in the Seattle-Tacoma-Bellevue, WA Metro Area

Dentistry in the Seattle record

Seattle's dental office record is steady rather than spectacular: 134 SBA loans in FY2017 to FY2026, $95.2 million gross, 14 of 562 nationally and 10 of 39 locally. A location quotient of 1.05x puts the share almost level with the national book, and the median of $509,000 comes to 1.00x the national median, so the typical Seattle dental loan matches the national typical dental loan. Quartiles: $212,750 and $970,250. King County has 74 loans, Snohomish 36 and Pierce 24.

That parity is the cell's message. A buyer expecting a premium for a coastal city will not find one in loan size, and a study should justify any request well above $509,000. Program mix: 115 loans under 7(a) and 19 under 504, and no franchise flag at all (0.00%). Several yearly trend values are withheld, so no annual series appears here.

Holders

Evergreen Business Capital, a 504 development company, shows 10 loans and $8.2 million. Bank holders: U.S. Bank, National Association (13 loans, $2.6 million); JPMorgan Chase Bank, National Association (9 loans, $1.8 million); Live Oak Banking Company (7 loans, $12.3 million); Newtek Bank, National Association (6 loans, $3.9 million); Columbia Bank (OR) (6 loans, $829,000). Live Oak's 7 loans total $12.3 million against $2.6 million for U.S. Bank's 13, which shows larger tickets. All of it is a ledger of loans held now or earlier, which tells a borrower nothing about current criteria.

Cancellation and charge-off

Seattle dental cancellations sit at a floor of 13.0% and, once undisbursed loans are counted, at the same 13.0%, so floor and ceiling agree. Seattle dental carries no published charge-off rate, and the gap is neither zero nor an estimate.

Because Seattle matches the national dental median, there is no local price premium in this record to lean on. A borrower asking for much more than $509,000 should point to a specific reason: a multi-chair build-out, a practice acquisition with goodwill, or imaging equipment. A borrower asking for much less should confirm that the project is not under-capitalised for the chair count it plans.

Seattle dental work calls for a study that weighs chairs against patient volume, the payers, associate compensation, whether the project is a start-up or an acquisition, whether to lease or buy the suite, and coverage at a loan near $509,000. The 134 dental loans come from King, Snohomish and Pierce, three counties found in the July 2023 delineation; a practice whose county the list cannot place goes uncounted, so 134 is a minimum for Seattle.