Getting an SBA Loan for Dentists
Looking for commercial loans for dentists? Try the SBA. This $102,500 dentists loan was issued by an Indiana bank.
This business knew how to go about getting a business bank loan. Based in Columbia City, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Star Financial Bank, based in Columbia City, Indiana.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
COLUMBIA CITY, IN 46725
SBA Loan Lender
STAR FINANCIAL BANK
102 W VAN BUREN ST
COLUMBIA CITY, IN 46725
This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8021 - Offices and Clinics of Dentists
NAICS Code
621210 - Dentists
Loan Approval Date
6/20/2003
Loan Approval Gross Amount
$102,500
Loan Approval from the SBA
Of the total $102,500 loan amount, the SBA guaranteed $87,125.
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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
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 Star Financial 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:
Determining Proper Capital Structure for a Business
SBA 7A Banks for Columbia City, Indiana Loans
Indiana SBA Bank Lenders