Financing for Veterinary Services

Looking for commercial loans for veterinary services? Try the SBA. This $1,925,000 veterinary services loan was issued by a North Carolina bank.

This business knew how to go about getting a business bank loan. Based in Palm Bay, Florida, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Mountain 1st Bank & Trust, based in Hendersonville, North Carolina.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
Palm Bay, FL 32907

SBA Loan Lender

MOUNTAIN 1ST BANK & TRUST
101 JACK ST
HENDERSONVILLE, NC 28792

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

10/23/2007

Loan Approval Gross Amount

$1,925,000

Loan Approval from the SBA

Of the total $1,925,000 loan amount, the SBA guaranteed $1,443,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mountain 1st Bank & Trust 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.

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