Raising Money for Optometrists

With these bank loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $260,000 was given to an Arkansas entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Paris, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Simmons First National Bank, based in Fort Smith, Arkansas.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
PARIS, AR 72855

SBA Loan Lender

SIMMONS FIRST NATIONAL BANK
4200 ROGERS AVE
FORT SMITH, AR 72903

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

8/31/2005

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

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 7 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Borrowing Money from Friends and Family

SBA Approved Banks in Fort Smith, Arkansas

Arkansas SBA 7A Lenders