Getting an SBA Loan for Optometrists

Looking for commercial loans for optometrists? Talk to a banker who works with the SBA. This $69,000 optometrists loan was issued by an Oklahoma bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Stock Exchange Bank, out of Woodward, Oklahoma. The loan was granted and they received $69,000 to help grow their Woodard, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
WOODARD, OK 73801

SBA Loan Lender

THE STOCK EXCHANGE BANK
1117 10TH ST
WOODWARD, OK 73801

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

621320 - Optometrists

Loan Approval Date

6/29/2005

Loan Approval Gross Amount

$69,000

Loan Approval from the SBA

Of the total $69,000 loan amount, the SBA guaranteed $58,650.

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 10 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $69,000 loan. Remember, you control your own destiny.

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:

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Where to Get an SBA Loan in Woodward, Oklahoma

Oklahoma SBA 7A Lenders