Business Loans for Physicians

Looking for business loans for physicians? An SBA loan may be just what you've been looking for. This $922,600 physicians loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Duluth, Georgia was able to borrow $922,600 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $691,950 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
DULUTH, GA 30096

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

10/11/2007

Loan Approval Gross Amount

$922,600

Loan Approval from the SBA

Of the total $922,600 loan amount, the SBA guaranteed $691,950.

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 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Alternative Financing

Small Business Banks in Roseville, California

California SBA Bank Lenders