District of Columbia Entrepreneur Secures Financing to Buy Sterling Optical Franchise

Borrowing money to purchase a Sterling Optical franchise? Eaglebank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sterling Optical franchise? If so, here's a 2004 SBA franchise loan that you should know about. Eaglebank was the lender and the entrepreneur was based in Washington, District of Columbia.

SBA Loan Borrower

STERLING OPTICAL
WASHINGTON, DC 20036

SBA Loan Lender

EAGLEBANK
7815 WOODMONT AVE
BETHESDA, MD 20814

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

621320 - Optometrists

Loan Approval Date

12/16/2004

Loan Approval Gross Amount

$625,000

Loan Approval from the SBA

Of the total $625,000 loan amount, the SBA guaranteed $468,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sterling Optical franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Sterling Optical

Small Business Credit Cards

Small Bank Loans in Bethesda, Maryland

Where to Get an SBA Loan Maryland