Chelsea, Oklahoma Bank Gives SBA Loan to Food Stores Company

Want to talk with a Chelsea, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Chelsea bank, that was approved by the SBA.

Applying for an SBA loan with Lakeside State Bank worked out well for our friends at one local business in Chelsea, Oklahoma. The business was able to get an SBA loan for $39,100. Nice!

SBA Loan Borrower

COMPANY TYPE: FOOD STORES
CHELSEA, OK 74016

SBA Loan Lender

LAKESIDE STATE BANK
516 WALNUT
CHELSEA, OK 74016

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

Loan Approval Date

3/13/2000

Loan Approval Gross Amount

$39,100

Loan Approval from the SBA

Of the total $39,100 loan amount, the SBA guaranteed $26,979.

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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Lakeside State Bank and they will explain how you can get an SBA loan for your company.

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.

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Where to Get an SBA Loan in Chelsea, Oklahoma

SBA Lenders in Oklahoma