Financing for Physical, Occupational and Speech Therapists, and Audiologists

Looking for loans for physical, occupational and speech therapists, and audiologists? Talk to a banker who works with the SBA. This $120,500 physical, occupational and speech therapists, and audiologists loan was issued by a Texas bank.

This small firm knew how to go about getting a business bank loan. Based in Bastrop, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank, based in Bastrop, Texas.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
BASTROP, TX 78602

SBA Loan Lender

FIRST NATIONAL BANK
489 HWY 71 WEST
BASTROP, TX 78602

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621340 - Physical, Occupational and Speech Therapists, and Audiologists

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$120,500

Loan Approval from the SBA

Of the total $120,500 loan amount, the SBA guaranteed $102,425.

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 9 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

Related Links:

Obtaining Funding - How to Decide How Much to Raise

Where to Get an SBA Loan in Bastrop, Texas

Getting an SBA Loan in Texas