SBA Loan from Community Bank Helps Oil And Gas Field Services Company

An SBA loan from Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bristow, Oklahoma business owner got a $27,600 loan.

This growing company knew how to go about getting a business bank loan. Based in Bristow, Oklahoma, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Community Bank, based in Bristow, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: OIL AND GAS FIELD SERVICES
BRISTOW, OK 74010

SBA Loan Lender

COMMUNITY BANK
104 S MAIN
BRISTOW, OK 74010

This SBA bank 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

1389 - Oil and Gas Field Services

NAICS Code

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

1/12/2000

Loan Approval Gross Amount

$27,600

Loan Approval from the SBA

Of the total $27,600 loan amount, the SBA guaranteed $22,080.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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

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