California Bank Loan Issued to Dentists Company

SBA loans in California are tough to come by these days. We take a look at one California SBA loan, provided by an Ohio bank, that was approved by the SBA.

You can learn something about getting a small business loan in Palm Desert, California by studying this loan to a local business, made back in 2005. Banks like United Midwest Savings Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
PALM DESERT, CA 92260

SBA Loan Lender

UNITED MIDWEST SAVINGS BANK
4848 REED RD
COLUMBUS, OH 43220

This bank 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.

NAICS Code

621210 - Dentists

Loan Approval Date

5/5/2005

Loan Approval Gross Amount

$893,000

Loan Approval from the SBA

Of the total $893,000 loan amount, the SBA guaranteed $669,750.

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 4 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Midwest Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

SBIR Funding

SBA Banks in Columbus, Ohio

Ohio SBA 7A Banks