Amber, Oklahoma Business Gets SBA-Guaranteed Funding from Chickasha Bank & Trust Company

An SBA loan from Chickasha Bank & Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Amber, Oklahoma business owner got a $130,000 loan.

This business knew how to go about getting a business bank loan. Based in Amber, Oklahoma, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Chickasha Bank & Trust Company, based in Cement, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
AMBER, OK 73004

SBA Loan Lender

CHICKASHA BANK & TRUST COMPANY
317 N MAIN
CEMENT, OK 73017

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

12/3/2002

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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 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:

The Friends and Family Network

Best Banks for Small Business in Cement, Oklahoma

SBA Lenders in Oklahoma