Loans for Physicians

With these loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $200,000 was given to an Illinois entrepreneur in 2003.

Getting a small business loan in Mchenry, Illinois was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Harris National Association, operating out of Rolling Meadows, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
MCHENRY, IL 60050

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
3225 KIRCHOFF RD
ROLLING MEADOWS, IL 60008

This debt financing was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

6/25/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 5 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Rolling Meadows, Illinois

Getting a Business Loan in Illinois