Bank Loans for Optometrists

Looking for bank loans for optometrists? An SBA loan may be just what you've been looking for. This $39,200 optometrists loan was issued by an Arizona bank.

This small firm knew how to go about getting a business bank loan. Based in Lake Havasu City, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Mohave State Bank, based in Lake Havasu City, Arizona.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
LAKE HAVASU CITY, AZ 86403

SBA Loan Lender

MOHAVE STATE BANK
1771 MCCULLOCH BLVD
LAKE HAVASU CITY, AZ 86403

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.

NAICS Code

621320 - Optometrists

Loan Approval Date

11/19/2001

Loan Approval Gross Amount

$39,200

Loan Approval from the SBA

Of the total $39,200 loan amount, the SBA guaranteed $33,320.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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