Borrowing Money for Dentists

Looking for small business loans for dentists? The SBA may be the answer. This $185,000 dentists loan was issued by an Iowa bank.

Getting a small business loan in Urbandale, Iowa was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Polk County Bank, operating out of Johnston, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
URBANDALE, IA 50323

SBA Loan Lender

POLK COUNTY BANK
5601 MERLE HAY RD
JOHNSTON, IA 50131

This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

6/15/2004

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Urbandale IA, you ought to talk with a local Urbandale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Urbandale businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Polk County Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Polk County Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Equity Financing

SBA 7A Banks for Johnston, Iowa Loans

Getting an SBA Loan in Iowa