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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Lanham, Business Loans > Prince George's County Finan S Lanham Business Loans > Offices And Clinics Of Doctors Of Medicine Loan | ||||
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SBA Lender Maryland
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Prince George's County Finan S SBA Loan to Offices And Clinics Of Doctors Of Medicine CompanyPrince George's County Finan S has a track record as a leading provider of SBA loans. Find out how this Maryland entrepreneur received an SBA loan from them. Getting a small business loan in Greenbelt, Maryland was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Prince George's County Finan S, operating out of Lanham, Maryland. Here are the details on this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE SBA Loan Lender PRINCE GEORGE'S COUNTY FINAN S The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8011 - Offices and Clinics of Doctors of Medicine Loan Approval Date 5/26/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Approved Banks in Lanham, Maryland
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