SBA Loans for Physicians
Looking for SBA loans for physicians? Try the SBA. This $1,680,000 physicians loan was issued by a Tennessee bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ft. Lauderdale, Florida was able to borrow $1,680,000 from Regions Bank. The SBA made the loan possible by guaranteeing $999,986 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
FT. LAUDERDALE, FL 33306
SBA Loan Lender
REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8011 - Offices and Clinics of Doctors of Medicine
NAICS Code
621111 - Physicians
Loan Approval Date
3/2/2001
Loan Approval Gross Amount
$1,680,000
Loan Approval from the SBA
Of the total $1,680,000 loan amount, the SBA guaranteed $999,986.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 14 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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:
Role of Business Plan When Raising Money
Small Business Banks in Memphis, Tennessee
Tennessee SBA 7A Lenders