Offices of Dentists acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 48 7(a) loans to buy an existing business classified as Offices of Dentists in Ohio, totaling $64.7M. The median loan was $1,077,500. That is 2.6% of the 1,821 acquisition loans in Ohio.
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How this compares
The median Offices of Dentists loan in Ohio is 96% higher than the $549,000 median for all Ohio acquisitions, and 42% higher than the $760,000 median for Offices of Dentists acquisitions nationwide (481 loans).
On losses, none of the 26 seasoned Offices of Dentists loans in Ohio were charged off, against the 1.9% rate for all Ohio acquisitions, and against the 0.4% rate for the industry nationally.
Offices of Dentists acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $3M | $622,500 | |
| FY2019 | 14 | $25.7M | $1,474,000 | |
| FY2020 | 2 | $3.4M | $1,713,000 | |
| FY2021 | 6 | $5M | $968,150 | |
| FY2022 | 6 | $5.5M | $1,004,500 | |
| FY2023 | 4 | $8.9M | $2,580,000 | |
| FY2024 | 7 | $6.9M | $935,000 | |
| FY2025 | 4 | $3.1M | $641,500 | |
| FY2026 | 1 | $3.1M | $3,075,000 |
How often do these acquisition loans fail?
Of the 26 Offices of Dentists in Ohio acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 17 have already been paid in full.
For comparison, Offices of Dentists in Ohio has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 37 | 77.1% | $55.7M | |
| 2 | The Huntington National Bank | 4 | 8.3% | $3.3M | |
| 3 | First National Bank of Pennsylvania | 1 | 2.1% | $3M | |
| 4 | Fifth Third Bank | 1 | 2.1% | $918K | |
| 5 | Customers Bank | 1 | 2.1% | $667K |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Offices of Dentists acquisitions in Ohio run?
The median SBA 7(a) loan was $1,077,500 across 48 loans (FY2018 to FY2026), with the middle half between $711,250 and $1,525,000. 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 Ohio?
United Midwest Savings Bank National Association (37), The Huntington National Bank (4), First National Bank of Pennsylvania (1), Fifth Third Bank (1), Customers Bank (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Offices of Dentists acquisition loans fail in Ohio?
Of 26 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Offices of Dentists acquisitions in Ohio?
None of the 48 loans in this combination were recorded with a franchise brand.
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Related
- All Ohio 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 Texas
- Offices of Dentists in Florida
- Offices of Dentists in Michigan
- Offices of Dentists in Illinois
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.