Commercial Loans for Durable Goods Wholesalers

Looking for commercial loans for durable goods wholesalers? Try the SBA. This $105,000 durable goods wholesalers loan was issued by an Oklahoma bank.

This business knew how to go about getting a business bank loan. Based in Blair, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Peoples State Bank, based in Blair, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS WHOLESALERS
BLAIR, OK 73526

SBA Loan Lender

PEOPLES STATE BANK
117 E MAIN
BLAIR, OK 73526

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421990 - Durable Goods Wholesalers

Loan Approval Date

2/13/2003

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

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 5 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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

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

This company got an SBA loan. You can too! Maybe you need seed money for 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:

Obtaining Funding - Friends and Family

SBA Participating Banks in Blair, Oklahoma

SBA Lenders in Oklahoma