Business Loan from Vision Bank Given to Sporting And Recreational Goods And Supplies Company

An SBA loan from Vision Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ada, Oklahoma business owner got a $360,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ada, Oklahoma was able to borrow $360,000 from Vision Bank. The SBA made the loan possible by guaranteeing $270,000 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND RECREATIONAL GOODS AND SUPPLIES
ADA, OK 74820

SBA Loan Lender

VISION BANK
101 E MAIN ST
ADA, OK 74820

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5091 - Sporting and Recreational Goods and Supplies

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/21/2002

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

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

If you want money for new small business in Ada OK, you ought to talk with a local Ada SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ada businesses.

We can help you find the best banks for small businesses in Ada or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Raising Venture Capital

SBA 7A Lenders in Ada, Oklahoma

Oklahoma SBA Banks