Physicians Commercial Loans
Looking for commercial loans for physicians? Try the SBA. This $145,000 physicians loan was issued by an Arkansas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fayetteville, Arkansas was able to borrow $145,000 from Anb Finan. The SBA made the loan possible by guaranteeing $72,500 of this Arkansas small business loan.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
FAYETTEVILLE, AR 72703
SBA Loan Lender
ANB FINAN
706 S WALTON BLVD
BENTONVILLE, AR 72712
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
12/13/2005
Loan Approval Gross Amount
$145,000
Loan Approval from the SBA
Of the total $145,000 loan amount, the SBA guaranteed $72,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 indicated that the loan would help retain 4 existing jobs.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Financing Your Business
SBA Banks in Bentonville, Arkansas
Getting an SBA Loan in Arkansas