How to Get a Loan for Health Practitioners

With these commercial loans for health practitioners, the SBA guarantees the lender that the loan will be repaid. This health practitioners loan for $17,500 was given to a North Carolina entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Weaverville, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Self-Help Cu, based in Greensboro, North Carolina.

SBA Loan Borrower

COMPANY TYPE: HEALTH PRACTITIONERS
WEAVERVILLE, NC 28787

SBA Loan Lender

SELF-HELP CU
122 N ELM ST, STE 1015
GREENSBORO, NC 27410

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621399 - Health Practitioners

Loan Approval Date

10/4/2007

Loan Approval Gross Amount

$17,500

Loan Approval from the SBA

Of the total $17,500 loan amount, the SBA guaranteed $14,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Greensboro, North Carolina

North Carolina SBA 7A Lenders