Physicians Bank Loans

With these bank loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $744,000 was given to a Minnesota entrepreneur in 2005.

Getting a small business loan in Stillwater, Minnesota was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Ups Capital Business Credit, operating out of Windsor, Connecticut. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
STILLWATER, MN 55082

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

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.

NAICS Code

621111 - Physicians

Loan Approval Date

10/7/2005

Loan Approval Gross Amount

$744,000

Loan Approval from the SBA

Of the total $744,000 loan amount, the SBA guaranteed $558,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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