Borrowing Money for Physicians

With these loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $400,000 was given to a California entrepreneur in 2002.

Getting a small business loan in Hanford, California was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Sierra, operating out of Porterville, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
HANFORD, CA 93230

SBA Loan Lender

BANK OF THE SIERRA
86 N MAIN ST
PORTERVILLE, CA 93257

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

7/5/2002

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 9 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Hanford CA, you ought to talk with a local Hanford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hanford businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $400,000 loan. Remember, things become real when you believe you can achieve them!

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:

Investor Turnoffs

SBA Banks in Porterville, California

Where to Get an SBA Loan California