Where to Get Capital for Health Practitioners

Looking for small business loans for health practitioners? Try the SBA. This $175,000 health practitioners loan was issued by a Washington bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Kitsap Bank, out of Sequim, Washington. The loan was granted and they received $175,000 to help grow their Sequim, Washington business.

SBA Loan Borrower

COMPANY TYPE: HEALTH PRACTITIONERS
SEQUIM, WA 98382

SBA Loan Lender

KITSAP BANK
990 WASHINGTON ST, STE F
SEQUIM, WA 98382

At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program was created to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621399 - Health Practitioners

Loan Approval Date

9/11/2006

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

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 only one employee. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Sequim WA, you ought to talk with a local Sequim SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sequim businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Business Incubators

SBA 7A Lenders in Sequim, Washington

Where to Get an SBA Loan Washington