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May 21, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Saint John, Business Loans > Standard Bank & Trust Saint John Business Loans > Dentists Loan | ||||
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How to Get SBA Loans in Saint John, Indiana
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Getting an SBA Loan for DentistsWith these commercial loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $240,000 was given to an Indiana entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saint John, Indiana was able to borrow $240,000 from Standard Bank & Trust. The SBA made the loan possible by guaranteeing $180,000 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender STANDARD BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 9/21/2006 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Banks for Saint John, Indiana Loans
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