Small Business Loans for Offices of Dentists
Looking for small business loans for offices of dentists? Try the SBA. This $972,000 offices of dentists loan was issued by a New Jersey bank.
The Family Dental Group knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Cit Small Business Lending Corp, based in Livingston, New Jersey.
SBA Loan Borrower
THE FAMILY DENTAL GROUP
2645 DOUGLAS RD UNIT # 303
MIAMI, FL 33133
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621210 - Offices of Dentists
Loan Approval Date
10/20/2005
Loan Approval Gross Amount
$972,000
Loan Approval from the SBA
Of the total $972,000 loan amount, the SBA guaranteed $729,000.
More Information on This SBA Loan
The borrower, The Family Dental Group, 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 12 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 4 existing jobs.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like The Family Dental Group is able to get a $972,000 loan, why not give getting an SBA loan of your own a try?
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Borrowing Money from Friends and Family
Good Banks for Small Business in Livingston, New Jersey
New Jersey SBA 7A Banks
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