Tap to get financing
SBA 504 Loans
SBA 504 Loans
Loan usesRequirementsDown paymentsRates and costsCalculatorApplication processCompare SBA loansSBA 504 RefinancingApplication ChecklistClosing ChecklistLoan AssumptionFrequently Asked Questions
Requirements Application process Calculator Blog
About
About usContact us
Get financing
Close sba504.loans is an independently owned and operated website and has no government affiliation. We are not the Small Business Administration and are not a lender. If you are trying to reach the SBA click here to be redirected.
Newly Published
Aug 26 at SBA 504 Loans
What Is SBA Form 159?
Aug 26 at SBA 504 Loans
What Is the Small Business Administration?
Aug 26 at SBA 504 Loans
What Is SBA Form 770?
Explore the Janover Network
Mar 24 at Multifamily Loans
The Best 3 Multifamily Loans for Affordable Housing in 2023
Mar 20 at Multifamily Loans
Multifamily Minute Reader Reflections: How Will Bank Failures Impact Multifamily?
Mar 17 at Commercial Real Estate Loans
Top 10 Commercial Real Estate Lenders of 2023
Was This Article Helpful?
SBA 504 Loan Guide
Last updated on Feb 19, 2023
2 min read

SBA 504 Loans for Dental Labs

While many dentists offices have incorporated work traditionally handled by dental labs, that does not mean the demand for laboratories has wanted. In fact, it is higher than ever, with employment expected to rise to almost 51,000 individuals by the end of 2018.

Better Financing Starts with More Options Start Your Application and Unlock the Power of Choice. Click Here to Get Quotes →$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1M offered by a Credit Union at 5.1%Click Here to Get Quotes

Can Dental Labs Benefit from SBA 504 Loans?

While many dentists offices have incorporated work traditionally handled by dental labs, that does not mean the demand for laboratories has wanted. In fact, it is higher than ever, with employment expected to rise to almost 51,000 individuals by the end of 2018.

For those interested in starting a new dental lab, or expanding their current laboratory, an SBA 504 loan can be the ideal tool. These loans are designed to help business owners secure the most crucial elements to their success – real estate, facilities, and equipment.

You can purchase land, develop and improve it, build the lab and support system necessary, and even purchase the equipment you need, such as computer-aided design machines to produce crowns, dentures, partials, and more. You can also pay for additional costs, such as office equipment and furnishings, and soft costs associated with your project.

If you want to reduce your facility’s impact on the environment, SBA 504 loans can help, too. In fact, you can borrow a significant amount more with go-green projects than with standard business projects.

We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!

Related Questions

What are the eligibility requirements for SBA 504 loans for dental labs?

The eligibility requirements for SBA 504 loans for dental labs are the same as for any other business. To qualify, you must be a for-profit business, have a tangible net worth of less than $15 million, and have an average net income of less than $5 million over the past two years. Additionally, you must be able to demonstrate that you have the ability to repay the loan.

You must also use the loan for a qualifying purpose, such as purchasing land, developing and improving it, building the lab and support system necessary, and even purchasing the equipment you need, such as computer-aided design machines to produce crowns, dentures, partials, and more. You can also pay for additional costs, such as office equipment and furnishings, and soft costs associated with your project.

For more information, please visit https://sba504.loans/sba-504-loan-eligibility/.

What are the benefits of SBA 504 loans for dental labs?

SBA 504 loans can be used to purchase land, develop and improve it, build the lab and support system necessary, and even purchase the equipment you need, such as computer-aided design machines to produce crowns, dentures, partials, and more. You can also pay for additional costs, such as office equipment and furnishings, and soft costs associated with your project. Additionally, if you want to reduce your facility’s impact on the environment, SBA 504 loans can help, too. In fact, you can borrow a significant amount more with go-green projects than with standard business projects. (Source)

What are the drawbacks of SBA 504 loans for dental labs?

The main drawback of SBA 504 loans for dental labs is that they cannot be used for working capital. If you need supplemental cash flow, then a 7(a) loan might be worth considering in conjunction with a 504 loan.

For more information, please see SBA 504 Loans for Dental Labs and SBA 504 Loans for Dental Offices.

How long does it take to get approved for an SBA 504 loan for a dental lab?

The length of time required for an SBA 504 loan to be approved for a dental lab can vary drastically, but averages between 60 and 90 days. With that being said, it may take up to six months in some situations. There is no hard and fast rule here, and each situation will be unique.

Factors that go into determining the length of time to loan approval include:

  • Your ability to gather all required information
  • Your ability to satisfy all lender requirements for information and proof of income
  • SBA approval (up to 7 days)
  • Due diligence (2 to 3 weeks)
  • Closing (up to 14 days)

We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!

What documents are required to apply for an SBA 504 loan for a dental lab?

When applying for a 504 loan, you’ll need to provide the CDC and your lender with a very wide range of documentation. The most commonly required documents include:

  • Business tax returns for the previous three years
  • Personal tax returns for the previous three years
  • Personal history statement
  • Personal financial statement
  • Personal budget analysis
  • Business financial statements for the previous three years
  • Business debt schedule
  • Revenue and expenses breakdown for the past year (month to month)
  • Occupancy percentage and average daily rate information for the previous year (month to month)
  • Occupancy percentage and average daily rate for the area
  • Your hotel projection worksheet
  • Interim financial statement (signed and dated, and including balance sheet and income statement dated within the previous two months)
  • Accounts receivable aging (dated within the previous two months)
  • Accounts payable aging (dated within the previous two months)
  • Complete business plan
  • One year of financial projections with assumptions
  • Purchase agreement
  • Written estimate from a contractor if the loan is for construction
  • Letter of intent from the franchisor and a FUOC and franchise agreement (if applicable)
  • Gift letter (if applicable)
  • Previous government financing schedule
  • Environmental impact questionnaire
  • Application certification an authorization
  • Documents pertaining to the ownership of other businesses and their finances (if applicable)
  • Copy of loan agreement and SBA authorization if you have another SBA loan
  • Copy of the original debt documentation (if refinancing)
  • Your original purchase agreement, including settlement sheet (if refinancing)

For more information, please visit this page.

Tags
  • SBA 504 Loan
  • SBA 504 Loans
  • SBA 504 Loans Dental Labs

Getting a small business loan should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →
Janover logo

SBA 504 Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

Janover Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487

[email protected]

Site Information

Privacy Policy
Terms of Use

This website is owned by a private company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We are a technology company that uses software and experience to bring lenders and borrowers together.

All users should perform their own due diligence and research. Nothing on this website is an offer or a solicitation for a loan. This website does not endorse or charge you for any service or product. None of the information on this site constitutes legal advice. We are not affiliated with the Small Business Administration (SBA). If you need to visit the SBA directly please click here: sba.gov

Click here for our Advertiser Disclosure.

Copyright © 2022 Janover Inc. All rights reserved.