Business Loans for Ophthalmic Goods Merchant Wholesalers

With these business loans for ophthalmic goods merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This ophthalmic goods merchant wholesalers loan for $75,000 was given to an Utah entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sandy, Utah was able to borrow $75,000 from Capital One. The SBA made the loan possible by guaranteeing $63,750 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: OPHTHALMIC GOODS MERCHANT WHOLESALERS
SANDY, UT 84070

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423460 - Ophthalmic Goods Merchant Wholesalers

Loan Approval Date

4/30/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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