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April 29, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Bethesda, Business Loans > Eaglebank Bethesda Business Loans > Sterling Optical Loan | ||||
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Business Loans for Washington Businesses
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Eaglebank Provides SBA Loan to Buy Sterling Optical FranchiseNeed money to buy a Sterling Optical franchise? Eaglebank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Sterling Optical franchise may simply require a phone call to a local SBA banker. In 2005, Eaglebank issued an SBA franchise loan to an entrepreneur in Washington, District of Columbia. Because Sterling Optical was registered with the SBA's registry of franchises, this District of Columbia small business loan was issued on an expedited basis. SBA Loan Borrower STERLING OPTICAL SBA Loan Lender EAGLEBANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621320 - Optometrists Loan Approval Date 1/14/2005 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sterling Optical franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Family and Friend Investors - Your First Financiers Where to Get an SBA Loan in Bethesda, Maryland
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