SBA 504 Dental Office Feasibility Study in Massachusetts

The SBA 504 book for dental offices in Massachusetts

Dental offices in the state received $17.5 million in gross SBA 504 dollars across 39 Massachusetts loans between FY2017 and FY2026. Loan size in Massachusetts centers on $414,000, with the middle half of the dental offices book between $255,500 and $617,500. The ratio of the Massachusetts median to the dental offices median nationwide under SBA 504 is 0.69x, so Massachusetts borrowers take lighter dental offices loans at the midpoint. SBA's flag marks no Massachusetts dental offices loan as a franchise, a share of 0.00%.

Counting loans, Massachusetts holds rank 8 among the states for dental offices, and inside Massachusetts this class takes 8 of 39 among SBA 504 classes. Volume crested in FY2021: 9 loans, $4.3 million; and FY2026 lists 1 loan worth $414,000. Massachusetts dental practices on 504 buy or build their own space, and approvals thin out after FY2022 in the table above, a shift hidden in the blended class page.

Most Massachusetts loans sit with Bay Colony Development Corporation, which holds 18 worth $9.3 million. After it, SBA shows Granite State Economic Development Corporation with 13 loans worth $4.8 million and New England Certified Development Corporation with 5 loans worth $2.4 million. SBA's Massachusetts file puts Bay Colony Development Corporation first among 39 loans, where each name holds or held dental offices loans; none is rated. By area, Middlesex leads with 13 loans, then Worcester with 5 and Bristol with 4. Lower on the list are Norfolk 4, Essex 3 and Plymouth 3.

Cancellation and loss figures for Massachusetts dental offices

Across FY2017 to FY2024 approvals in Massachusetts, a cancellation floor of 22.2%; with undisbursed loans counted as cancelled, the Massachusetts ceiling stays at 22.2%. Charge-offs cannot be given: too few Massachusetts loans were funded, which says nothing about Massachusetts either way. Financing without SBA never enters Massachusetts's tables.

Testing a Massachusetts dental building

A dental plan shows the patient base near Middlesex, the dentists already practicing there, and how new patients will reach the chairs. A 504 loan finances the building, so the study must show why the practice should own it and what the property is worth to another dentist. Operatory equipment, imaging and digital systems make build-out costly, so map a typical $414,000 loan to a purchase list. Insurance mix and hygiene scheduling set revenue per chair, and the forecast should assume a slow opening year. Test retention if the loan buys an existing practice.