Commercial Loans for Medical, Dental, and Hospital Equipment and Supplies Wholesalers
Looking for commercial loans for medical, dental, and hospital equipment and supplies wholesalers? The SBA may be the answer. This $855,000 medical, dental, and hospital equipment and supplies wholesalers loan was issued by a California bank.
This business knew how to go about getting a business bank loan. Based in New Bedford, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Wachovia Sba Lending, Inc., based in Roseville, California.
SBA Loan Borrower
COMPANY TYPE: MEDICAL, DENTAL, AND HOSPITAL EQUIPMENT AND SUPPLIES WHOLESALERS
NEW BEDFORD, MA 02740
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
421450 - Medical, Dental, and Hospital Equipment and Supplies Wholesalers
Loan Approval Date
9/30/2002
Loan Approval Gross Amount
$855,000
Loan Approval from the SBA
Of the total $855,000 loan amount, the SBA guaranteed $641,250.
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 30 employees. The SBA loan application for the borrower indicated that the loan would help retain 30 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We can help you find the best banks for small businesses in New Bedford or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Understanding Dilution
Small Business Banks in Roseville, California
SBA Lenders in California