Borrowing 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 $270,000 was given to an Oklahoma entrepreneur in 2002.

Dr. Biff Beard, P.C. knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Onb Bank And Trust Company, based in Tulsa, Oklahoma.

SBA Loan Borrower

DR. BIFF BEARD, P.C.
1227 S. HARVARD
TULSA, OK 74112

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

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

10/30/2002

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

More Information on This SBA Loan

The borrower, Dr. Biff Beard, P.C., 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 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Dr. Biff Beard, P.C. got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

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

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