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April 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Gainesville, Business Loans > Merchants & Southern Bank Gainesville Business Loans > Offices And Clinics Of Doctors Of Medicine Loan | ||||
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Raising Money in Alachua, Florida With SBA Loans
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Physicians SBA LoansWith these SBA loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $150,000 was given to a Florida entrepreneur in 2003. Getting a small business loan in Alachua, Florida was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Merchants & Southern Bank, operating out of Gainesville, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE SBA Loan Lender MERCHANTS & SOUTHERN BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8011 - Offices and Clinics of Doctors of Medicine NAICS Code 621111 - Physicians Loan Approval Date 12/9/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 3 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you have been wondering how do i get money to start a business in Alachua FL, you ought to talk with a local Alachua SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alachua businesses. This SBA loan was for $150,000. How would you spend $150,000 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. Related Links: Obtaining Funding From a Venture Capitalist Best Gainesville, Florida Banks for Small Business
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