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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Carthage, Business Loans > Hometown Bank Carthage Business Loans > Offices And Clinics Of Dentists Loan | ||||
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We Needed a Small Business Loan in Joplin, Missouri and We Got One!
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Getting an SBA Loan for DentistsLooking for business loans for dentists? The SBA may be the answer. This $150,000 dentists loan was issued by a Missouri bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Hometown Bank, out of Carthage, Missouri. The loan was granted and they received $150,000 to help grow their Joplin, Missouri business. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DENTISTS SBA Loan Lender HOMETOWN BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8021 - Offices and Clinics of Dentists NAICS Code 621210 - Dentists Loan Approval Date 4/11/2003 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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Hometown Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 - How to Borrow Money
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