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November 21, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Omaha, Business Loans > Bank Of The West Omaha Business Loans > Optometrists Loan | ||||
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Small Business Banks in Iowa
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Optometrists Commercial LoansLooking for commercial loans for optometrists? Talk to a banker who works with the SBA. This $61,500 optometrists loan was issued by a Nebraska bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bank Of The West, out of Omaha, Nebraska. The loan was granted and they received $61,500 to help grow their Des Moines, Iowa business. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender BANK OF THE WEST This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621320 - Optometrists Loan Approval Date 12/1/2003 Loan Approval Gross Amount $61,500 Loan Approval from the SBA Of the total $61,500 loan amount, the SBA guaranteed $52,275. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Realistic Debt Financing Options SBA 7A Lenders in Omaha, Nebraska
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