Raising Money for Dentists

Looking for business loans for dentists? Talk to a banker who works with the SBA. This $100,000 dentists loan was issued by a Rhode Island bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Rbs Citizens, out of Providence, Rhode Island. The loan was granted and they received $100,000 to help grow their Lansdowne, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
LANSDOWNE, PA 19050

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

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

4/22/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Lansdowne PA, you ought to talk with a local Lansdowne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lansdowne 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.

Related Links:

How Equity Dilution Works

Where to Get an SBA Loan in Providence, Rhode Island

Rhode Island SBA Banks