General Medical and Surgical Hospitals SBA Loans

Looking for SBA loans for general medical and surgical hospitals? Talk to a banker who works with the SBA. This $782,000 general medical and surgical hospitals loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fresno, California was able to borrow $782,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $586,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MEDICAL AND SURGICAL HOSPITALS
FRESNO, CA 93711

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

622110 - General Medical and Surgical Hospitals

Loan Approval Date

7/18/2005

Loan Approval Gross Amount

$782,000

Loan Approval from the SBA

Of the total $782,000 loan amount, the SBA guaranteed $586,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Fresno CA, you ought to talk with a local Fresno SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fresno businesses.

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 Wachovia Sba Lending, Inc. 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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