Raising Money for Physicians

Looking for bank loans for physicians? Talk to a banker who works with the SBA. This $92,000 physicians loan was issued by a Michigan bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Edwardsburg, Michigan was able to borrow $92,000 from Chemical Bank. The SBA made the loan possible by guaranteeing $46,000 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
EDWARDSBURG, MI 49112

SBA Loan Lender

CHEMICAL BANK
823 RIVERVIEW DR
BENTON HARBOR, MI 49022

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621111 - Physicians

Loan Approval Date

4/20/2005

Loan Approval Gross Amount

$92,000

Loan Approval from the SBA

Of the total $92,000 loan amount, the SBA guaranteed $46,000.

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. The loan application indicated that the funding would help create 3 new jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Edwardsburg MI, you ought to talk with a local Edwardsburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Edwardsburg businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $92,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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