SBA Loans for Optometrists
6,781 SBA loans have funded optometrists nationwide, averaging $304K across 888 active SBA lenders, at an average note rate of 6.6%. SBA 7(a) loans up to $5M fund acquiring an optometry practice and build out of exam lanes and an optical dispensary; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for an optometry practice.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 621320), 2000 to present.
6,781
SBA Loans Funded
$304K
Average Loan
6.6%
Avg Note Rate
12 yrs
Avg Term
888
Active Lenders
4.9%
Charge Off Rate (resolved loan basis)
What optometrists use SBA loans for
Where optometrists get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 858 | $298.0M |
| Texas | 700 | $279.9M |
| Florida | 294 | $109.0M |
| Ohio | 290 | $71.0M |
| New York | 269 | $56.5M |
Talk to PeerSense about SBA capital for an optometry practice.
Tell us your loan amount and use of funds. PeerSense sources capital for an optometry practice, anywhere in the US.
SBA 7(a) / 504, Optometrists: The desk will reach out. No obligation.
How optometrists qualify for an SBA loan
SBA 7(a) loans are the most common path for optometrists financing acquiring an optometry practice. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 6,781 loans on record across 888 lenders and a 4.9% historical charge off rate, optometrists are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.