Getting an SBA Loan for Medical Laboratories
Looking for commercial loans for medical laboratories? Talk to a banker who works with the SBA. This $78,000 medical laboratories loan was issued by a Vermont bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairfax, Vermont was able to borrow $78,000 from Opportunities Cu. The SBA made the loan possible by guaranteeing $66,300 of this Vermont small business loan.
SBA Loan Borrower
COMPANY TYPE: MEDICAL LABORATORIES
FAIRFAX, VT 05454
SBA Loan Lender
OPPORTUNITIES CU
18 PEARL ST
BURLINGTON, VT 05401
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621511 - Medical Laboratories
Loan Approval Date
12/13/2006
Loan Approval Gross Amount
$78,000
Loan Approval from the SBA
Of the total $78,000 loan amount, the SBA guaranteed $66,300.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
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:
Determining Proper Capital Structure for a Business
SBA Approved Banks in Burlington, Vermont
SBA Lenders in Vermont