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May 3, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Dentists Loan | ||||
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Business Loans for Evergreen Entrepreneurs
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Dentists Small Business LoansLooking for small business loans for dentists? Talk to a banker who works with the SBA. This $566,000 dentists loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Evergreen, Colorado was able to borrow $566,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $424,500 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender BANK OF THE WEST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 2/10/2004 Loan Approval Gross Amount $566,000 Loan Approval from the SBA Of the total $566,000 loan amount, the SBA guaranteed $424,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of The West and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Dealing With Venture Capitalists SBA Approved Banks in Salt Lake City, Utah
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