Business Loans for Physical, Occupational and Speech Therapists, and Audiologists

Looking for business loans for physical, occupational and speech therapists, and audiologists? Try the SBA. This $140,000 physical, occupational and speech therapists, and audiologists loan was issued by an Iowa bank.

This small business knew how to go about getting a business bank loan. Based in Wilton, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank - Muscatine, based in Muscatine, Iowa.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
WILTON, IA 52778

SBA Loan Lender

FIRST NATIONAL BANK - MUSCATINE
300 E 2ND ST
MUSCATINE, IA 52761

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621340 - Physical, Occupational and Speech Therapists, and Audiologists

Loan Approval Date

3/24/2004

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Muscatine that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Raising Venture Capital

Best Banks for Small Business in Muscatine, Iowa

Find an SBA Lender in Iowa