Getting an SBA Loan for Optometrists

With these commercial loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $149,255 was given to an Illinois entrepreneur in 2001.

Getting a small business loan in Shorewood, Illinois was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Harris National Association, operating out of Joliet, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF OPTOMETRISTS
SHOREWOOD, IL 60431

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
78 N CHICAGO ST
JOLIET, IL 60432

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8042 - Offices and Clinics of Optometrists

NAICS Code

621320 - Optometrists

Loan Approval Date

4/3/2001

Loan Approval Gross Amount

$149,255

Loan Approval from the SBA

Of the total $149,255 loan amount, the SBA guaranteed $126,866.

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 3 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Shorewood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Equity Financing

SBA Approved Banks in Joliet, Illinois

Getting an SBA Loan in Illinois