Raising Money for Dentists
Looking for bank loans for dentists? Try the SBA. This $257,900 dentists loan was issued by a Minnesota bank.
This small firm knew how to go about getting a business bank loan. Based in St. Cloud, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Stearns Bank, based in Saint Cloud, Minnesota.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
ST. CLOUD, MN 56301
SBA Loan Lender
STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8021 - Offices and Clinics of Dentists
NAICS Code
621210 - Dentists
Loan Approval Date
9/13/2000
Loan Approval Gross Amount
$257,900
Loan Approval from the SBA
Of the total $257,900 loan amount, the SBA guaranteed $193,425.
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 SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.
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 St. Cloud 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.
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