Where to Get Capital for Dentists
Looking for small business loans for dentists? Talk to a banker who works with the SBA. This $410,000 dentists loan was issued by a Tennessee bank.
This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Bank Of Nashville, out of Nashville, Tennessee. The loan was granted and they received $410,000 to help grow their Nashville, Tennessee business.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
NASHVILLE, TN 37217
SBA Loan Lender
THE BANK OF NASHVILLE
401 CHURCH ST L&C TOWER
NASHVILLE, TN 37219
This business 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.
SIC Code
8021 - Offices and Clinics of Dentists
NAICS Code
621210 - Dentists
Loan Approval Date
1/26/2005
Loan Approval Gross Amount
$410,000
Loan Approval from the SBA
Of the total $410,000 loan amount, the SBA guaranteed $307,500.
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. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Dealing With Venture Capitalists
SBA Participating Banks in Nashville, Tennessee
Tennessee SBA Bank Lenders