Loans for Physicians

With these loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $50,000 was given to a Kansas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Parsons, Kansas was able to borrow $50,000 from Labette Bank. The SBA made the loan possible by guaranteeing $25,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
PARSONS, KS 67357

SBA Loan Lender

LABETTE BANK
4TH & HUSTON STS
ALTAMONT, KS 67330

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621111 - Physicians

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Labette 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.

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