Ophthalmic Goods Merchant Wholesalers Loans

With these loans for ophthalmic goods merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This ophthalmic goods merchant wholesalers loan for $58,000 was given to a Kansas entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in El Dorado, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Community National Bank, based in El Dorado, Kansas.

SBA Loan Borrower

COMPANY TYPE: OPHTHALMIC GOODS MERCHANT WHOLESALERS
EL DORADO, KS 67042

SBA Loan Lender

COMMUNITY NATIONAL BANK
301 N MAIN
EL DORADO, KS 67042

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423460 - Ophthalmic Goods Merchant Wholesalers

Loan Approval Date

3/1/2004

Loan Approval Gross Amount

$58,000

Loan Approval from the SBA

Of the total $58,000 loan amount, the SBA guaranteed $49,300.

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 7 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Community National Bank 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.

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