How to Get a Loan for Dentists

Looking for commercial loans for dentists? The SBA may be the answer. This $45,000 dentists loan was issued by an Indiana bank.

This small business knew how to go about getting a business bank loan. Based in La Porte, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was La Porte Savings Bank, based in La Porte, Indiana.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
LA PORTE, IN 46350

SBA Loan Lender

LA PORTE SAVINGS BANK
710 INDIANA AVE
LA PORTE, IN 46350

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621210 - Dentists

Loan Approval Date

10/12/2007

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $22,500.

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 4 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 4 new jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in La Porte IN, you ought to talk with a local La Porte SBA lender or talk with an out-of-area SBA lender that has previously loaned money to La Porte businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like La Porte Savings 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.

Related Links:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in La Porte, Indiana

Indiana SBA Banks