Silver State Dental Laboratory

Company: Silver State Dental Lab (“SSDL” or “Company”)

Financing Amount: $850,000

Financing Structure: $850,000 Small Business Administration Term Loan

Financing Date: October 9, 2024

About the Company

Silver State Dental Lab is a full service dental lab that strives to give the highest quality work in the greater Las Vegas area. SSDL looks to provide for and fulfill the high demand of work in the area, consisting of crowns, bridges, dentures, partial dentures, gold crowns, relines, and repairs. Company is able to provide an expedient and quality service to General Dentists, Oral Surgeons, laboratory operations and other clients because they are a full digital laboratory. This allows them the benefit of being able to schedule patient deliveries sooner and increase monthly revenue, separating them from much of the competition. With a commitment to excellence and innovation in dental technology, SSDL has established itself as a trusted partner in the dental industry, known for its precision craftsmanship and exceptional customer service.

Situation

Silver State Dental Lab, under the leadership of owners Michael Bandazian and Devin Rily, sought to expand its operations and market presence through the acquisition of Sierra Dental Lab and to capitalize on the movement to invest in digital elements within the dental space. To facilitate this strategic move and ensure sufficient working capital for seamless integration and continued growth, SSDL required a comprehensive financing solution that would support both the acquisition and provide additional operational funds.

Solution

Alantes secured an $850,000 Small Business Administration (“SBA”) Term Loan for Silver State Dental Lab. This financing package successfully supported the acquisition of Sierra Dental Lab while also providing essential working capital to fuel the company’s expansion and operational needs.

“We’re incredibly grateful for the expertise and support provided by the Alantes team throughout this financing process,” said Michael Bandazian, co-owner of Silver State Dental Lab. “Their ability to secure this SBA loan has been instrumental in allowing us to move forward with our acquisition of Sierra Dental Lab and position our business for future growth.”

Devin Rily, co-owner, added, “The additional working capital included in this financing package gives us the flexibility to seamlessly integrate Sierra Dental Lab into our operations and continue delivering top-notch dental products to our expanding client base. With the returning and new contracts that we’re able to fulfill, this allows us a large runway to provide the best possible services and products to the greater Las Vegas area. Alantes’ understanding of our industry and financial needs made all the difference in making this deal happen.”

About Alantes

Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.

For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
234 5^th Avenue, 2^nd Fl
New York, NY 10001
www.alantes.com

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