Optometrists Commercial Loans
With these commercial loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $80,000 was given to a Florida entrepreneur in 2005.
This small business knew how to go about getting a business bank loan. Based in Weston, Florida, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Suntrust Bank, based in Richmond, Virginia.
SBA Loan Borrower
COMPANY TYPE: OPTOMETRISTS
Weston, FL 33327
SBA Loan Lender
SUNTRUST BANK
1001 SEMMES AVE, RVW 4323
RICHMOND, VA 23224
The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
621320 - Optometrists
Loan Approval Date
8/10/2005
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $40,000.
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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Suntrust Bank and they will explain how you can get an SBA loan for your company.
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:
The Friends and Family Network
Find an SBA Lender in Richmond, Virginia
Virginia SBA 7A Banks