Pawnee, Oklahoma Bank Gives SBA Loan to Powder Metallurgy Part Manufacturing Company

Get small business loans from a Pawnee, Oklahoma bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Security Bank is a Pawnee, Oklahoma small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Oklahoma company.

SBA Loan Borrower

COMPANY TYPE: POWDER METALLURGY PART MANUFACTURING
BROKEN ARROW, OK 74014

SBA Loan Lender

SECURITY BANK
551 HARRISON ST
PAWNEE, OK 74058

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332117 - Powder Metallurgy Part Manufacturing

Loan Approval Date

3/20/2006

Loan Approval Gross Amount

$1,457,500

Loan Approval from the SBA

Of the total $1,457,500 loan amount, the SBA guaranteed $1,093,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 40 employees. The SBA loan documents did not indicate that the company planned to use the funding 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Security Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Security Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Small Business Loan

Small Business Banks in Pawnee, Oklahoma

SBA Oklahoma Banks