Getting an SBA Loan for Optometrists

Looking for commercial loans for optometrists? Talk to a banker who works with the SBA. This $65,400 optometrists loan was issued by a Texas bank.

Getting a small business loan in Odessa, Texas was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank, operating out of Midland, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
ODESSA, TX 79761

SBA Loan Lender

COMMUNITY NATIONAL BANK
3005 W CUTHBERT
MIDLAND, TX 79701

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

12/13/2002

Loan Approval Gross Amount

$65,400

Loan Approval from the SBA

Of the total $65,400 loan amount, the SBA guaranteed $55,590.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Small Business Loan

Banks in Midland, Texas

Texas SBA 7A Lenders