Where to Get Capital for Mental Health Practitioners

Looking for small business loans for mental health practitioners? The SBA may be the answer. This $45,000 mental health practitioners loan was issued by an Idaho bank.

This company knew how to go about getting a business bank loan. Based in Meridian, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bank Of The Cascades, based in Boise, Idaho.

SBA Loan Borrower

COMPANY TYPE: MENTAL HEALTH PRACTITIONERS
MERIDIAN, ID 83680

SBA Loan Lender

BANK OF THE CASCADES
209 N 12TH ST
BOISE, ID 83702

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621330 - Mental Health Practitioners

Loan Approval Date

9/5/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Meridian ID, you ought to talk with a local Meridian SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Meridian businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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