November 8, 2017
NORTH GRAFTON, MASSACHUSETTS, November 8, 2017: Theroux Dental Associates, a North Grafton-based dental practice, recently received much needed capital to expand its operations and finance new, state-of-the-art dental equipment.
According to Marc and Tina Theroux, owners of Theroux Dental Associates, the practice required financing to build new space for its growing practice and invest in new, high tech dental equipment which allows it to remain at the forefront of the industry. “We turned to Mike Topalian of BDC Capital to guide us on how to expand in an affordable way,” said Marc Theroux. “Mike suggested the SBA 504 Loan Program which was the perfect financing mechanism for us and he guided us every step of the way. We are forever grateful to Mike and Cornerstone Bank for assisting us in this expansion.”
Theroux Dental Associates provides dental services to patients of all ages and offers a unique and relaxed experience through tailored surroundings, trendsetting treatment rooms and a host of patient amenities. The individualized reception areas add a personal touch that has become synonymous with their philosophy of care. Patients are invited to unwind by the fireplace, challenge their children on custom built gaming centers, and escape to our secluded island oasis treatment rooms.
“Theroux Dental prides itself in being at the forefront of dental technology and techniques” said Michael Topalian, Managing Director of Sales and Marketing for BDC Capital. “As a result, the practice has grown considerably over the last couple of years and they needed a new home to accommodate the influx of patients, and the arrival of new cutting edge equipment. Marc, his wife, Tina and her team truly love what they do, and we remain confident that they will continue as a valuable health care provider to the greater Grafton community. In my 30 years of lending, this is one of the most impressive facilities I have seen.”
He continued, “This is another great example of how an SBA 504 Loan Program can assist local companies grow their business, and ultimately expand their brand. It provides an ideal financing option for companies seeking to expand, make capital acquisitions, lower down payments in order to preserve cash for working capital, and lock-in a portion of their financing at a fixed rate for a 20-year period. We are elated to partner with the Theroux Dental Associates on this particular venture.”
“Cornerstone Bank was thrilled to partner with Theroux Dental Associates to support their extreme growth and develop a first class Dental office,” said Thomas Moschos, Vice President, Cornerstone Bank. “This would not have been possible without the coordination and joint efforts with BDC Capital to make this construction project a reality. We look forward to watching the continued success of Dr. Tina Theroux’s practice in this beautiful new Dental Complex.”
BDC Capital provides financing and investment capital for growing companies in all six New England states. Founded in 1953, the company has invested more than $1 billion into local businesses.
Cornerstone Bank was formed in 2017 and was built on the foundation of two local, mutual banks joining together—SpencerBANK and Southbridge Savings Bank. Based in Worcester, Massachusetts, it currently operate 15 branch offices.
