Bank Loans for Physicians
With these bank loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $463,000 was given to a Michigan entrepreneur in 2003.
This small firm knew how to go about getting a business bank loan. Based in Dearborn, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Comerica Bank, based in Houston, Texas.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
DEARBORN, MI 48124
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621111 - Physicians
Loan Approval Date
10/15/2003
Loan Approval Gross Amount
$463,000
Loan Approval from the SBA
Of the total $463,000 loan amount, the SBA guaranteed $347,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 11 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Understanding Dilution
Best Houston, Texas Banks for Small Business
Where to Get an SBA Loan Texas