Optometrists Commercial Loans

With these commercial loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $212,000 was given to an Iowa entrepreneur in 2005.

This business knew how to go about getting a business bank loan. Based in Manchester, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Farmers & Merchants Savings Bk, based in Manchester, Iowa.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
MANCHESTER, IA 52057

SBA Loan Lender

FARMERS & MERCHANTS SAVINGS BK
101 E MAIN ST
MANCHESTER, IA 52057

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

3/9/2005

Loan Approval Gross Amount

$212,000

Loan Approval from the SBA

Of the total $212,000 loan amount, the SBA guaranteed $159,000.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $212,000. How would you spend $212,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Manchester, Iowa

Iowa SBA Bank Lenders