Raising Money for Offices of Dentists

With these bank loans for offices of dentists, the SBA guarantees the lender that the loan will be repaid. This offices of dentists loan for $400,000 was given to an Oklahoma entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $400,000 from Bank - Oklahoma. The SBA made the loan possible by guaranteeing $300,000 of this Oklahoma small business loan.

SBA Loan Borrower

DENNIS SMITH, D.D.S.
5620 SOUTH MEMORIAL
TULSA, OK 74145

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8021 - Offices and Clinics of Dentists

NAICS Code

621210 - Offices of Dentists

Loan Approval Date

9/17/2001

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower, Dennis Smith, D.D.S., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company planned to use the funding 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank - Oklahoma that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

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

Related Links:

Realistic Debt Financing Options

Small Bank Loans in Tulsa, Oklahoma

Where to Get an SBA Loan Oklahoma

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