Chickasha, Oklahoma Lender Lends Money to Commercial And Industrial Machinery And Equipment Rental And Leasing Company

Find Chickasha, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. 1st National Bank & Trust Chic is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Chickasha, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from 1st National Bank & Trust Chic. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
CHICKASHA, OK 73018

SBA Loan Lender

1ST NATIONAL BANK & TRUST CHIC
302 CHICKASHA AVE
CHICKASHA, OK 73023

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

4/20/2004

Loan Approval Gross Amount

$169,686

Loan Approval from the SBA

Of the total $169,686 loan amount, the SBA guaranteed $127,265.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Accountant's Role in Securing Financing

SBA 7A Banks in Chickasha, Oklahoma

Oklahoma SBA 7A Lenders