Loans for Physicians
With these loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $375,000 was given to a New York entrepreneur in 2005.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New York, New York was able to borrow $375,000 from Hsbc Bank Usa. The SBA made the loan possible by guaranteeing $281,250 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
NEW YORK, NY 10025
SBA Loan Lender
HSBC BANK USA
ONE HSBC CTR
BUFFALO, NY 14203
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621111 - Physicians
Loan Approval Date
9/29/2005
Loan Approval Gross Amount
$375,000
Loan Approval from the SBA
Of the total $375,000 loan amount, the SBA guaranteed $281,250.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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