Financing for Dentists

With these loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $85,000 was given to a Massachusetts entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Raynham, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Eastern Bank, based in Boston, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
RAYNHAM, MA 02767

SBA Loan Lender

EASTERN BANK
265 FRANKLIN ST
BOSTON, MA 02110

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621210 - Dentists

Loan Approval Date

9/24/2007

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $42,500.

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 10 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Raynham MA, you ought to talk with a local Raynham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Raynham businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Eastern 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.

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