Raising Money for Optometrists
Looking for business loans for optometrists? Try the SBA. This $300,000 optometrists loan was issued by a New Mexico bank.
This business knew how to go about getting a business bank loan. Based in Tyrone, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Western Bank, based in Lordsburg, New Mexico.
SBA Loan Borrower
COMPANY TYPE: OPTOMETRISTS
TYRONE, NM 88065
SBA Loan Lender
WESTERN BANK
140 E MOTEL DR
LORDSBURG, NM 88045
This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621320 - Optometrists
Loan Approval Date
2/6/2006
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $300,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Attracting Investors
SBA Participating Banks in Lordsburg, New Mexico
New Mexico SBA 7A Lenders