Blanchard, 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, a Blanchard, Oklahoma business owner got a $125,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Blanchard, Oklahoma was able to borrow $125,000 from Chickasha Bank & Trust Company. The SBA made the loan possible by guaranteeing $93,750 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
BLANCHARD, OK 73010

SBA Loan Lender

CHICKASHA BANK & TRUST COMPANY
1924 S 4TH ST
CHICKASHA, OK 73018

When it made this small business loan, this bank participated in the SBA's Certified Lenders Program (CLP). This program is designed to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/8/2002

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $93,750.

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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Blanchard OK, you ought to talk with a local Blanchard SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Blanchard businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Chickasha Bank & Trust Company so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Role of Business Plan When Raising Money

Small Bank Loans in Chickasha, Oklahoma

SBA Lenders in Oklahoma