Physicians SBA Loans

With these SBA loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $30,000 was given to a Pennsylvania entrepreneur in 2002.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Susquehanna Bank, out of Greencastle, Pennsylvania. The loan was granted and they received $30,000 to help grow their Chambersburg, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: OSTEOPATHIC PHYSICIAN DOCTOR OFFICES AND CLINICS
CHAMBERSBURG, PA 17201

SBA Loan Lender

SUSQUEHANNA BANK
35 N CARLISLE ST
GREENCASTLE, PA 17225

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8031 - Osteopathic Physician Doctor Offices and Clinics

NAICS Code

621111 - Physicians

Loan Approval Date

1/8/2002

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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