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November 21, 2024  
 
 
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We Needed an SBA 7A Loan in Derby, Kansas and We Got One!

 

 
Loan Census SBA Loan Info

Dentists Loans

Looking for loans for dentists? An SBA loan may be just what you've been looking for. This $565,500 dentists loan was issued by a Nebraska bank.

Getting a small business loan in Derby, Kansas was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of Omaha, Nebraska. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
DERBY, KS 67037

SBA Loan Lender

BANK OF THE WEST
13220 CALIFORNIA ST, STE 100
OMAHA, NE 68154

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 business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

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

3/13/2003

Loan Approval Gross Amount

$565,500

Loan Approval from the SBA

Of the total $565,500 loan amount, the SBA guaranteed $424,125.

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 4 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of The West and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

Where to Get an SBA Loan in Omaha, Nebraska

Getting an SBA Loan in Nebraska