How to Get a Loan for Optometrists

Looking for business loans for optometrists? Try the SBA. This $62,600 optometrists loan was issued by a Nevada bank.

Getting a small business loan in Reno, Nevada was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Nevada Security Bank, operating out of Reno, Nevada. Here are the details on this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
RENO, NV 89511

SBA Loan Lender

NEVADA SECURITY BANK
3490 S VIRGINIA ST
RENO, NV 89502

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

5/20/2004

Loan Approval Gross Amount

$62,600

Loan Approval from the SBA

Of the total $62,600 loan amount, the SBA guaranteed $53,210.

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 9 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Nevada Security Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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