Optometrists Commercial Loans

With these commercial loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $159,000 was given to a Pennsylvania entrepreneur in 2002.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Community Bank & Trust, out of Clarks Summit, Pennsylvania. The loan was granted and they received $159,000 to help grow their Vandling, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
VANDLING, PA 18411

SBA Loan Lender

COMMUNITY BANK & TRUST
125 N STATE ST
CLARKS SUMMIT, PA 18411

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

9/20/2002

Loan Approval Gross Amount

$159,000

Loan Approval from the SBA

Of the total $159,000 loan amount, the SBA guaranteed $119,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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