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December 19, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Alva, Business Loans > Alva St. Bank & Trust Alva Business Loans > Supermarkets And Grocery Stores Loan | ||||
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Oklahoma SBA Lenders
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Alva, Oklahoma Lender Lends Money to Supermarkets And Grocery Stores CompanyThinking about meeting with an Alva, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by an Alva bank, that was approved by the SBA. Applying for an SBA loan with Alva St. Bank & Trust worked out well for our friends at one local firm in Carmen, Oklahoma. They received an SBA loan for $65,400. Sweet! SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender ALVA ST. BANK & TRUST This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 3/25/2003 Loan Approval Gross Amount $65,400 Loan Approval from the SBA Of the total $65,400 loan amount, the SBA guaranteed $55,590. 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 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $65,400. How would you spend $65,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: A Company That Helps Entrepreneurs SBA 7A Banks in Alva, Oklahoma
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