Raising Money for Physicians
With these business loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $820,000 was given to a Texas entrepreneur in 2005.
This business knew how to go about getting a business bank loan. Based in Houston, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Amegy Bank, based in Houston, Texas.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
HOUSTON, TX 77584
SBA Loan Lender
AMEGY BANK
4400 POST OAK PKWY
HOUSTON, TX 77027
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621111 - Physicians
Loan Approval Date
10/11/2005
Loan Approval Gross Amount
$820,000
Loan Approval from the SBA
Of the total $820,000 loan amount, the SBA guaranteed $615,000.
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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amegy Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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