Small Business Loans for Offices of Physicians

Looking for small business loans for offices of physicians? Try the SBA. This $25,000 offices of physicians loan was issued by a Florida bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pembroke Pines, Florida was able to borrow $25,000 from Ocean Bank. The SBA made the loan possible by guaranteeing $21,250 of this Florida small business loan.

SBA Loan Borrower

THE GORDON CLINIC, INC.
603 NORTH FLAMINGO ROAD
PEMBROKE PINES, FL 33028

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

NAICS Code

621111 - Offices of Physicians (except Mental Health Specialists)

Loan Approval Date

3/26/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower, The Gordon Clinic, Inc., 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 10 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Bank Credit Lines

SBA 7A Banks in Miami, Florida

Florida SBA 7A Banks

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