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November 14, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Dentists Loan | ||||
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Business Loans for Carbondale Business Owners
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Commercial Loans for DentistsWith these commercial loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $326,000 was given to an Illinois entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Carbondale, Illinois was able to borrow $326,000 from Regions Bank. The SBA made the loan possible by guaranteeing $244,500 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender REGIONS BANK 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 bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 3/26/2001 Loan Approval Gross Amount $326,000 Loan Approval from the SBA Of the total $326,000 loan amount, the SBA guaranteed $244,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Regions Bank and they will explain how you can get an SBA loan for your company. 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: SBA 7A Lenders in Memphis, Tennessee Getting a Business Loan in Tennessee
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