Getting an SBA Loan for Podiatrists

Looking for business loans for podiatrists? Try the SBA. This $100,000 podiatrists loan was issued by a South Carolina bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Community Res. Bank, out of Orangeburg, South Carolina. The loan was granted and they received $100,000 to help grow their Orangeburg, South Carolina business.

SBA Loan Borrower

COMPANY TYPE: PODIATRISTS
ORANGEBURG, SC 29118

SBA Loan Lender

COMMUNITY RES. BANK
1820 COLUMBIA RD NE
ORANGEBURG, SC 29118

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621391 - Podiatrists

Loan Approval Date

3/16/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Res. Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Res. Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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