Commercial Loans for Physicians

Looking for commercial loans for physicians? Talk to a banker who works with the SBA. This $1,700,000 physicians loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Coppell, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of The West, based in Grapevine, Texas.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
COPPELL, TX 75019

SBA Loan Lender

BANK OF THE WEST
108 W NORTHWEST HWY
GRAPEVINE, TX 76051

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

9/25/2002

Loan Approval Gross Amount

$1,700,000

Loan Approval from the SBA

Of the total $1,700,000 loan amount, the SBA guaranteed $999,991.

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 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Coppell TX, you ought to talk with a local Coppell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coppell businesses.

We can help you find the best banks for small businesses in Coppell or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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