Borrowing Money for Physicians

With these loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $643,000 was given to a Colorado entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Westminster, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Firstier Bank, based in Westminster, Colorado.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
WESTMINSTER, CO 80234

SBA Loan Lender

FIRSTIER BANK
7180 W 103RD AVE
WESTMINSTER, CO 80021

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

5/7/2007

Loan Approval Gross Amount

$643,000

Loan Approval from the SBA

Of the total $643,000 loan amount, the SBA guaranteed $482,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Firstier Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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