Financing for Dental Equipment and Supplies Manufacturing

With these commercial loans for dental equipment and supplies manufacturing, the SBA guarantees the lender that the loan will be repaid. This dental equipment and supplies manufacturing loan for $150,000 was given to a Tennessee entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Johnson City, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Commun Bank, based in Johnson City, Tennessee.

SBA Loan Borrower

COMPANY TYPE: DENTAL EQUIPMENT AND SUPPLIES
JOHNSON CITY, TN 37604

SBA Loan Lender

FIRST COMMUN BANK
300 SUNSET DR
JOHNSON CITY, TN 37604

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3843 - Dental Equipment and Supplies

NAICS Code

339114 - Dental Equipment and Supplies Manufacturing

Loan Approval Date

9/10/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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