Loans for Dentists

Looking for loans for dentists? Try the SBA. This $325,000 dentists loan was issued by a New Jersey bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Greater Community Bank, out of Totowa, New Jersey. The loan was granted and they received $325,000 to help grow their Branchburg, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
BRANCHBURG, NJ 08876

SBA Loan Lender

GREATER COMMUNITY BANK
55 UNION BLVD
TOTOWA, NJ 07512

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

12/13/2006

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $243,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Greater Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Greater Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Totowa, New Jersey

Getting an SBA Loan in New Jersey