Commercial Loans for Outpatient Care Centers

Looking for commercial loans for outpatient care centers? The SBA may be the answer. This $275,500 outpatient care centers loan was issued by a Florida bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Mercantile Bank, A Division Of, out of Orlando, Florida. The loan was granted and they received $275,500 to help grow their Jacksonville, Florida business.

SBA Loan Borrower

COMPANY TYPE: OUTPATIENT CARE CENTERS
JACKSONVILLE, FL 32216

SBA Loan Lender

MERCANTILE BANK, A DIVISION OF
100 S ORANGE AVE
ORLANDO, FL 32801

This lender issued this SBA small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621498 - Outpatient Care Centers

Loan Approval Date

11/21/2001

Loan Approval Gross Amount

$275,500

Loan Approval from the SBA

Of the total $275,500 loan amount, the SBA guaranteed $206,625.

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 20 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Accountant's Role in Securing Financing

SBA Participating Banks in Orlando, Florida

Florida SBA 7A Lenders