Borrowing Money for Dentists

Looking for loans for dentists? An SBA loan may be just what you've been looking for. This $577,800 dentists loan was issued by a Florida bank.

This small firm knew how to go about getting a business bank loan. Based in Altamonte Springs, Florida, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Cnlbank, based in Orlando, Florida.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
ALTAMONTE SPRINGS, FL 32701

SBA Loan Lender

CNLBANK
450 S ORANGE AVE
ORLANDO, FL 32801

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Dentists

Loan Approval Date

8/9/2000

Loan Approval Gross Amount

$577,800

Loan Approval from the SBA

Of the total $577,800 loan amount, the SBA guaranteed $433,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Cnlbank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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