Getting an SBA Loan for Offices of Physicians
With these commercial loans for offices of physicians, the SBA guarantees the lender that the loan will be repaid. This offices of physicians loan for $693,000 was given to a Texas entrepreneur in 2005.
Getting a small business loan in Austin, Texas was important for David V Dent Do Pa back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America, operating out of New York City, New York. Here are the details on this Texas small business loan.
SBA Loan Borrower
DAVID V DENT DO PA
5501-A BALCONES DRIVE SUITE
AUSTIN, TX 78731
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621111 - Offices of Physicians (except Mental Health Specialists)
Loan Approval Date
4/20/2005
Loan Approval Gross Amount
$693,000
Loan Approval from the SBA
Of the total $693,000 loan amount, the SBA guaranteed $519,750.
More Information on This SBA Loan
The borrower, David V Dent Do Pa, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Your solution for where to find money to start a business may be an SBA guaranteed loan. David V Dent Do Pa 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 SBA loan database.
Related Links:
Obtaining Funding From a Venture Capitalist
SBA Banks in New York City, New York
Where to Get an SBA Loan New York
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