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December 22, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Chandler, Business Loans > First Bank Of Chandler Chandler Business Loans > Full-Service Restaurants Loan | ||||
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Business Loan from First Bank Of Chandler
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Business Loan from First Bank Of Chandler Given to Full-Service Restaurants CompanyAn SBA loan from First Bank Of Chandler typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Chandler, Oklahoma business owner got a $132,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Bank Of Chandler, out of Chandler, Oklahoma. The loan was granted and they received $132,000 to help grow their Chandler, Oklahoma business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender FIRST BANK OF CHANDLER This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/1/2003 Loan Approval Gross Amount $132,000 Loan Approval from the SBA Of the total $132,000 loan amount, the SBA guaranteed $112,200. More Information on This SBA Loan The borrower borrowed this money for a new 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 10 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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. Related Links: Best Banks in Chandler, Oklahoma
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