Business Loans for Physicians

Looking for business loans for physicians? An SBA loan may be just what you've been looking for. This $282,700 physicians loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rockville Centre, New York was able to borrow $282,700 from Citibank. The SBA made the loan possible by guaranteeing $212,025 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
ROCKVILLE CENTRE, NY 11570

SBA Loan Lender

CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

2/16/2005

Loan Approval Gross Amount

$282,700

Loan Approval from the SBA

Of the total $282,700 loan amount, the SBA guaranteed $212,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 19 employees. The SBA loan documents indicated that the loan would help retain 19 existing jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $282,700 loan. Remember, anyone can do it... so why not 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.

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