Company Gets an Oklahoma 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 Chandler, Oklahoma was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bancfirst. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
COMPANY TYPE: BAKED GOODS STORES
CHANDLER, OK 74403
SBA Loan Lender
BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102
This debt financing was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445291 - Baked Goods Stores
Loan Approval Date
8/22/2002
Loan Approval Gross Amount
$33,600
Loan Approval from the SBA
Of the total $33,600 loan amount, the SBA guaranteed $28,560.
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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bancfirst and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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
Where to Get an SBA Loan in Oklahoma City, Oklahoma
Getting a Business Loan in Oklahoma