Business Loans for Optometrists

With these business loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $607,000 was given to a North Dakota entrepreneur in 2007.

Getting a small business loan in Minot, North Dakota was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Vision One Cu, operating out of Sacramento, California. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
MINOT, ND 58701

SBA Loan Lender

VISION ONE CU
3279 RAMOS CIR
SACRAMENTO, CA 95827

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

8/21/2007

Loan Approval Gross Amount

$607,000

Loan Approval from the SBA

Of the total $607,000 loan amount, the SBA guaranteed $455,250.

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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Vision One Cu and they will explain how you can get an SBA loan for your company.

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:

Getting a Small Business Loan

Where to Get an SBA Loan in Sacramento, California

Browse All Business Loan Sources for California