Physicians Bank Loans

Looking for bank loans for physicians? An SBA loan may be just what you've been looking for. This $547,000 physicians loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in St. Francis, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Landmark Commun Bank, based in Ramsey, Minnesota.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
ST. FRANCIS, MN 55070

SBA Loan Lender

LANDMARK COMMUN BANK
14150 ST FRANCIS BLVD NW
RAMSEY, MN 55303

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

8/25/2004

Loan Approval Gross Amount

$547,000

Loan Approval from the SBA

Of the total $547,000 loan amount, the SBA guaranteed $410,250.

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 7 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in St. Francis 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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