How to Get a Loan for Optometrists
Looking for business loans for optometrists? An SBA loan may be just what you've been looking for. This $70,000 optometrists loan was issued by an Utah bank.
This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Zions First National Bank, out of West Valley City, Utah. The loan was granted and they received $70,000 to help grow their Rexburg, Idaho business.
SBA Loan Borrower
COMPANY TYPE: OPTOMETRISTS
REXBURG, ID 83440
SBA Loan Lender
ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621320 - Optometrists
Loan Approval Date
3/13/2007
Loan Approval Gross Amount
$70,000
Loan Approval from the SBA
Of the total $70,000 loan amount, the SBA guaranteed $59,500.
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 only one employee. The SBA loan documents indicated that the funding would help generate 1 new job.
Next Steps for Getting an SBA Loan
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Zions First National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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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