Optometrists SBA Loans

With these SBA loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $141,300 was given to a Kansas entrepreneur in 2005.

Getting a small business loan in Independence, Kansas was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Commercial Bank, operating out of Parsons, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
INDEPENDENCE, KS 67301

SBA Loan Lender

COMMERCIAL BANK
1901 MAIN ST
PARSONS, KS 67357

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

3/24/2005

Loan Approval Gross Amount

$141,300

Loan Approval from the SBA

Of the total $141,300 loan amount, the SBA guaranteed $120,105.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commercial Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commercial Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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