Small Business Loans for Health Practitioners
Looking for small business loans for health practitioners? Talk to a banker who works with the SBA. This $600,000 health practitioners loan was issued by a Minnesota bank.
This company knew how to go about getting a business bank loan. Based in Maple Grove, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Thrivent Financial Bank, based in Minneapolis, Minnesota.
SBA Loan Borrower
COMPANY TYPE: HEALTH PRACTITIONERS
MAPLE GROVE, MN 55369
SBA Loan Lender
THRIVENT FINANCIAL BANK
625 4TH AVE SOUTH, STE 130
MINNEAPOLIS, MN 55415
This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621399 - Health Practitioners
Loan Approval Date
10/18/2004
Loan Approval Gross Amount
$600,000
Loan Approval from the SBA
Of the total $600,000 loan amount, the SBA guaranteed $450,000.
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 9 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
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.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $600,000 loan. Remember, if it to be, it is up to me!
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:
Advice on Getting a Small Business Loan
Best Banks for Small Business in Minneapolis, Minnesota
Getting an SBA Loan in Minnesota