Offices of Dentists acquisitions in Michigan: SBA loan data
Since FY2018, SBA lenders have approved 24 7(a) loans to buy an existing business classified as Offices of Dentists in Michigan, totaling $24M. The median loan was $707,500. That is 1.4% of the 1,680 acquisition loans in Michigan.
- Loans, FY2018-FY2026
- 24
- Median loan
- $707,500 (middle half $402,500 to $1,309,625)
- Top lender
- United Midwest Savings Bank National Association (42%, 10 loans)
- FY2026 loans (latest complete year)
- 1
SBA lenders approved 24 7(a) loans to buy a business classified as Offices of Dentists in Michigan from FY2018-FY2026, with a median of $707,500 and a middle half of $402,500 to $1,309,625. United Midwest Savings Bank National Association made 42% of them. FY2026 had 1 loans.
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How Offices of Dentists in Michigan compares
| Measure | Offices of Dentists in Michigan | Michigan, all industries | Offices of Dentists, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $707,500 | $585,000 | $760,000 | $645,250 |
| Middle half of loans | $402,500 to $1,309,625 | $250,000 to $1,304,625 | $415,400 to $1,285,000 | $283,000 to $1,465,000 |
| Average initial rate | 6.73% | 7.65% | 7.06% | 7.76% |
| Median term | 11 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 1.8% | 0.4% | 3.5% |
| Loans in sample | 24 | 1,680 | 481 | 48,902 |
The median for loans to buy dental practices in Michigan is $707,500, above the $585,000 median for all Michigan acquisitions, slightly below the $760,000 median for Offices of Dentists acquisitions nationwide and slightly above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $402,500 to $1,309,625, against $283,000 to $1,465,000 nationally; the median term is 11 years, longer than the national median of 10 years; the average initial rate is 6.73%, below the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Offices of Dentists in Michigan | All acquisitions |
|---|---|---|
| Under $350K | 21% | 30% |
| $350K to under $1M | 42% | 33% |
| $1M to under $2M | 29% | 19% |
| $2M and over | 8% | 17% |
Most loans to buy dental practices in Michigan (63%) were under $1M, and the largest single band is $350K to under $1M at 42%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
United Midwest Savings Bank National Association made 42% of loans to buy dental practices in Michigan, and the top three lenders together made 71%. 3 of the 8 lenders involved made three or more. Only 3 lenders have repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 5 loans to buy dental practices in Michigan were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $886,500, above the $707,500 median across all years.
Offices of Dentists acquisition loans in Michigan by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $4M | $1,042,500 | |
| FY2019 | 1 | $297K | $297,000 | |
| FY2020 | 5 | $6.5M | $547,200 | |
| FY2021 | 6 | $4.6M | $787,500 | |
| FY2022 | 1 | $2.6M | $2,600,000 | |
| FY2023 | 2 | $1.3M | $638,250 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 4 | $3.8M | $837,500 | |
| FY2026 | 1 | $887K | $886,500 |
How often do these acquisition loans fail?
Fewer than 20 Offices of Dentists in Michigan acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 10 | 41.7% | $13.2M | |
| 2 | The Huntington National Bank | 4 | 16.7% | $2M | |
| 3 | Live Oak Banking Company | 3 | 12.5% | $4.3M | |
| 4 | PNC Bank, National Association | 2 | 8.3% | $1.3M | |
| 5 | Ameris Bank | 2 | 8.3% | $789K |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Offices of Dentists acquisitions in Michigan run?
The median SBA 7(a) loan was $707,500 across 24 loans (FY2018 to FY2026), with the middle half between $402,500 and $1,309,625. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Offices of Dentists acquisitions in Michigan?
United Midwest Savings Bank National Association (10), The Huntington National Bank (4), Live Oak Banking Company (3), PNC Bank, National Association (2), Ameris Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Offices of Dentists acquisition loans fail in Michigan?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Offices of Dentists acquisitions in Michigan?
None of the 24 loans in this combination were recorded with a franchise brand.
How much do you need down for an SBA loan to buy a dental practice in Michigan?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy dental practices in Michigan was $707,500, and the middle half ran $402,500 to $1,309,625.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 5 loans to buy dental practices in Michigan in FY2025 and FY2026.
Which banks make SBA loans for a dental practice in Michigan?
By loan count, FY2018 to FY2026: United Midwest Savings Bank National Association (10), The Huntington National Bank (4), Live Oak Banking Company (3), PNC Bank, National Association (2), Ameris Bank (2). United Midwest Savings Bank National Association made 42% of loans to buy dental practices in Michigan. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Michigan acquisitions
- Financing one? How to get an SBA loan to buy a dental practice
- Offices of Dentists nationally
- Offices of Dentists in California
- Offices of Dentists in Ohio
- Offices of Dentists in Texas
- Offices of Dentists in Florida
- Offices of Dentists in Illinois
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- Hotels and Motels in Michigan
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- Offices of Chiropractors in Michigan
Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Offices of Dentists in Michigan: SBA acquisition loan data", https://sbaacquisitiondata.com/state/mi/offices-of-dentists-621210 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/mi/offices-of-dentists-621210.json.