A dentist with strong revenue and profit approached Radix and it seemed like a slam dunk for an SBA loan. After speaking with the dentist, we learned that he owed $50,000 in taxes and over $200,000 on high interest loan.
This dentist searched over a year for a long-term debt refinance, but no bank was able to help. For Radix, the solution was simple. We were able to fund $250,000 and wrap all his high-rate debt into a single SBA loan and added $50,000 of working capital for business expansion. Most banks can’t help clients with high tax balances, but for Radix, it was no problem at all.
| Loan Amount | $250,000 |
| Interest Rate (adj 6% + Prime) | 11.5% |
| Years | 10 |
| Monthly Payments | $3,515 |
| Yearly Payments | $42,179 |
Learn more about our SBA Express loan.
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Radix Financial Group and its affiliates are not lenders participating in SBA’s 7(a) loan program. Radix is a marketplace to help business owners obtain SBA 7(a) loans. Said loans are ultimately processed and approved by a lender participant in SBA’s 7(a) loan program.