Dentists Small Business Loans
With these small business loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $1,370,000 was given to a New Jersey entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bound Brook, New Jersey was able to borrow $1,370,000 from Saehan Bank. The SBA made the loan possible by guaranteeing $1,027,500 of this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
Bound Brook, NJ 08805
SBA Loan Lender
SAEHAN BANK
3580 WILSHIRE BLVD, STE 1500
LOS ANGELES, CA 90010
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621210 - Dentists
Loan Approval Date
2/25/2007
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. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
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SBA Banks in Los Angeles, California
California SBA Banks