 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Physicians Loan | ||||
 |
||||
Small Business Banks for Babylon, New York Entrepreneurs
|
||||
 |
Financing for PhysiciansWith these commercial loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $467,500 was given to a New York entrepreneur in 2002. Getting a small business loan in Babylon, New York was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Washington Mutual Bank, operating out of Henderson, Nevada. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender WASHINGTON MUTUAL BANK 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 621111 - Physicians Loan Approval Date 10/4/2002 Loan Approval Gross Amount $467,500 Loan Approval from the SBA Of the total $467,500 loan amount, the SBA guaranteed $350,625. 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Washington Mutual Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Washington Mutual Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Find an SBA Lender in Henderson, Nevada
|
|
||
|
||||
|
|
||||