Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

Small Business Banks for Kokomo Entrepreneurs

 

 
Loan Census SBA Loan Info

Dentists Small Business Loans

Looking for small business loans for dentists? An SBA loan may be just what you've been looking for. This $334,542 dentists loan was issued by an Indiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Harris National Association, out of Kokomo, Indiana. The loan was granted and they received $334,542 to help grow their Kokomo, Indiana business.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS
KOKOMO, IN 46902

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
101 W SYCAMORE ST
KOKOMO, IN 46904

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Dentists

Loan Approval Date

1/6/2004

Loan Approval Gross Amount

$334,542

Loan Approval from the SBA

Of the total $334,542 loan amount, the SBA guaranteed $250,907.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 $334,542 loan. Remember, anyone can do it... so why not you?

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:

Family and Friend Investors - Your First Financiers

Best Kokomo, Indiana Banks for Small Business

SBA Participating Banks in Indiana