Podiatrists Business Loans

With these business loans for podiatrists, the SBA guarantees the lender that the loan will be repaid. This podiatrists loan for $264,000 was given to a Connecticut entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Southbury, Connecticut was able to borrow $264,000 from Wachovia Bank. The SBA made the loan possible by guaranteeing $198,000 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF PODIATRISTS
SOUTHBURY, CT 06488

SBA Loan Lender

WACHOVIA BANK
47 CHURCH ST
NEW HAVEN, CT 06510

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8043 - Offices and Clinics of Podiatrists

NAICS Code

621391 - Podiatrists

Loan Approval Date

5/18/2000

Loan Approval Gross Amount

$264,000

Loan Approval from the SBA

Of the total $264,000 loan amount, the SBA guaranteed $198,000.

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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wachovia Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 Line of Credit

Banks in New Haven, Connecticut

SBA Connecticut Banks