Broken Bow, Oklahoma Entrepreneur Gets a Business Loan

OklahomaSBA loans are available to Oklahoma entrepreneurs through the SBA. In this case, an Oklahoma bank provides the loan.

Getting a small business loan in Broken Bow, Oklahoma was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Mccurtain County National Bank. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: PIECE GOODS, NOTIONS, AND OTHER DRY GOODS
BROKEN BOW, OK 74728

SBA Loan Lender

MCCURTAIN COUNTY NATIONAL BANK
20 N PARK DR
BROKEN BOW, OK 74728

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5131 - Piece Goods, Notions, and Other Dry Goods

NAICS Code

313311 - Broadwoven Fabric Finishing Mills

Loan Approval Date

11/29/2001

Loan Approval Gross Amount

$21,500

Loan Approval from the SBA

Of the total $21,500 loan amount, the SBA guaranteed $18,275.

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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $21,500 loan. Remember, anyone can do it... so why not 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:

Strategic Investors

Banks in Broken Bow, Oklahoma

Getting an SBA Loan in Oklahoma