Entrepreneur Works With Wilmington, Delaware Bank to Get an SBA Loan

Want to talk with a Wilmington, Delaware bank about an SBA loan? Here's one California business loan, issued by a Wilmington bank, that was approved by the SBA.

Applying for an SBA loan with Lehman Brothers Bank, Fsb worked out well for our friends at one local company in Thousand Oaks, California. They got an SBA loan for $378,400. Sweet!

SBA Loan Borrower

COMPANY TYPE: DENTISTS
THOUSAND OAKS, CA 91360

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

9/26/2005

Loan Approval Gross Amount

$378,400

Loan Approval from the SBA

Of the total $378,400 loan amount, the SBA guaranteed $283,800.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lehman Brothers Bank, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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

Best Banks for Small Business in Wilmington, Delaware

Delaware SBA 7A Lenders