Borrowing Money for Dentists
With these loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $1,370,000 was given to an Arizona entrepreneur in 2006.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Avondale, Arizona was able to borrow $1,370,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $1,027,500 of this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
AVONDALE, AZ 85323
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621210 - Dentists
Loan Approval Date
12/6/2006
Loan Approval Gross Amount
$1,370,000
Loan Approval from the SBA
Of the total $1,370,000 loan amount, the SBA guaranteed $1,027,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This SBA loan was for $1,370,000. How would you spend $1,370,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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