Dentists Bank Loans

With these bank loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $498,610 was given to an Oklahoma entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Durant, Oklahoma was able to borrow $498,610 from First United Bank & Trust. The SBA made the loan possible by guaranteeing $373,957 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
DURANT, OK 74701

SBA Loan Lender

FIRST UNITED BANK & TRUST
1400 W MAIN ST
DURANT, OK 74701

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

5/25/2006

Loan Approval Gross Amount

$498,610

Loan Approval from the SBA

Of the total $498,610 loan amount, the SBA guaranteed $373,957.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First United Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

Advice on Getting a Small Business Loan

Best Banks in Durant, Oklahoma

Oklahoma SBA 7A Lenders