SBA 504 Dental Office Feasibility Study in Washington

Washington dental office lending in SBA's records

In Washington, SBA 504 approved 49 loans in the dental office class. Across FY2017 to FY2026 in Washington that came to $43.1 million gross. Counting dental office loans, Washington ranks 5 across states for dental office under this program, and dental office sits 3 of 39 among Washington classes. A median of $669,000 is 1.11x of the national dental office median under SBA 504, so Washington runs above the norm. For dental office in Washington, the middle half spans $404,000 to $1.0 million, and franchise flags mark 0.00% of Washington dental office loans.

Who holds the dental office loans, and where

The largest named dental office holder in Washington is Evergreen Business Capital: 22 loans worth $20.1 million; behind it Northwest Business Development Association, 18 loans ($12.9 million); Ameritrust CDC, 7 loans ($7.8 million). Holders in Washington are those SBA currently lists. The Washington dental office county count starts with Snohomish at 9, Whatcom at 9, King at 7, Clark at 6, Spokane at 4.

Timing of Washington approvals

The Washington dental office calendar shows 8 loans ($9.1 million) in FY2019, then in Washington 6 in FY2020 ($3.6 million), and in Washington 8 in FY2021 ($7.1 million), 5 in FY2023 ($5.4 million) and 4 in FY2024 ($5.9 million) against Washington's peak of 11 in FY2022. FY2026 shows no Washington dental office approvals.

Dental office cancel and charge-off floors

In Washington, approval did not always mean a dental office loan: of FY2017 to FY2024 Washington approvals, at least 6.3% ended in Washington cancellation, with 6.3% the ceiling if undisbursed dental office loans are added. The dental office cohort funded in Washington is too small, so Washington holds no stable charge-off rate for dental office loans in Washington funded FY2017 to FY2021; Loan Analytics withholds the rate, and no reader should take it as zero.

Washington dental offices under SBA 504

A dental loan under SBA 504 typically finances a building and its fixed improvements, so the Washington study must justify the location as well as the practice: patient draw, competing offices, the split between insured and private-pay patients, and the number of operatories the site can support. Equipment and build-out cost should be compared with the $669,000 median, and coverage should assume the months a new or acquired practice needs to settle. The appraisal should value the dental building as an occupied office, and a vacant-possession fallback should be described.

Washington dentists and the holder table

The dental class has no recorded caveat. Holders listed for Washington are development companies that package 504 projects, and Loan Analytics withholds the loss rate.