Commercial Loans for Physicians
Looking for commercial loans for physicians? Talk to a banker who works with the SBA. This $50,000 physicians loan was issued by a New Jersey bank.
This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Woori America Bank, out of Fort Lee, New Jersey. The loan was granted and they received $50,000 to help grow their Edison, New Jersey business.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
EDISON, NJ 08817
SBA Loan Lender
WOORI AMERICA BANK
183 MAIN ST
FORT LEE, NJ 07024
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
10/16/2002
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
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 only one employee. The SBA loan documents indicated that the funding would help generate 3 new jobs.
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SBA loans provide money to small business owners for working capital for other expenses.
We've showcased information on this loan to let you know that businesses like yours 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:
Obtaining Funding From a Venture Capitalist
Small Business Banks in Fort Lee, New Jersey
SBA Participating Banks in New Jersey