Loans for Optometrists

Looking for loans for optometrists? The SBA may be the answer. This $74,800 optometrists loan was issued by an Iowa bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Shelby County State Bank, out of Harlan, Iowa. The loan was granted and they received $74,800 to help grow their Harland, Iowa business.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
HARLAND, IA 51537

SBA Loan Lender

SHELBY COUNTY STATE BANK
508 COURT ST
HARLAN, IA 51537

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

6/27/2005

Loan Approval Gross Amount

$74,800

Loan Approval from the SBA

Of the total $74,800 loan amount, the SBA guaranteed $63,580.

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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding 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.

This SBA loan was for $74,800. How would you spend $74,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Attracting Investors

SBA Participating Banks in Harlan, Iowa

Iowa SBA Banks