Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

Wells Fargo Bank Commercial Loans

 

 
Loan Census SBA Loan Info

Borrowing Money for Optometrists

Looking for loans for optometrists? Talk to a banker who works with the SBA. This $83,000 optometrists loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Riverton, Wyoming was able to borrow $83,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $70,550 of this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
RIVERTON, WY 82501

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

6/21/2004

Loan Approval Gross Amount

$83,000

Loan Approval from the SBA

Of the total $83,000 loan amount, the SBA guaranteed $70,550.

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 4 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Find Start-Up Capital

Best San Jose, California Banks for Small Business

California SBA Bank Lenders