Raising Money for Diagnostic Imaging Centers

With these business loans for diagnostic imaging centers, the SBA guarantees the lender that the loan will be repaid. This diagnostic imaging centers loan for $1,162,500 was given to a New Jersey entrepreneur in 2000.

This business knew how to go about getting a business bank loan. Based in Wayne, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Lehman Brothers Bank, Fsb, based in Boston, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: MEDICAL LABORATORIES
WAYNE, NJ 07470

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8071 - Medical Laboratories

NAICS Code

621512 - Diagnostic Imaging Centers

Loan Approval Date

11/7/2000

Loan Approval Gross Amount

$1,162,500

Loan Approval from the SBA

Of the total $1,162,500 loan amount, the SBA guaranteed $749,999.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 19 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels 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.

This SBA loan was for $1,162,500. How would you spend $1,162,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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