Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Examples of Random Lake SBA Loans

 

 
Loan Census SBA Loan Info

Financing for Optometrists

Looking for loans for optometrists? Talk to a banker who works with the SBA. This $118,989 optometrists loan was issued by a Wisconsin bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Community Bank Group, out of Random Lake, Wisconsin. The loan was granted and they received $118,989 to help grow their Random Lake, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF OPTOMETRISTS
RANDOM LAKE, WI 53075

SBA Loan Lender

COMMUNITY BANK GROUP
201 ALLEN ST
RANDOM LAKE, WI 53075

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8042 - Offices and Clinics of Optometrists

NAICS Code

621320 - Optometrists

Loan Approval Date

5/16/2002

Loan Approval Gross Amount

$118,989

Loan Approval from the SBA

Of the total $118,989 loan amount, the SBA guaranteed $101,140.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank Group are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Banking Deregulation's Effects on Entrepreneurship

Best Banks in Random Lake, Wisconsin

SBA Wisconsin Banks