Regent Bank & Trust National As SBA Loan to Steel Works, Blast Furnaces And Rolling Mills Company

Want an Oklahoma business loan? Here's one Oklahoma business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Claremore, Oklahoma, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Regent Bank & Trust National As, based in Nowata, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: STEEL WORKS, BLAST FURNACES AND ROLLING MILLS
CLAREMORE, OK 74018

SBA Loan Lender

REGENT BANK & TRUST NATIONAL AS
105 N MAPLE ST
NOWATA, OK 74048

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3312 - Steel Works, Blast Furnaces and Rolling Mills

Loan Approval Date

2/29/2000

Loan Approval Gross Amount

$1,252,571

Loan Approval from the SBA

Of the total $1,252,571 loan amount, the SBA guaranteed $739,017.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the small business planned to use the money 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Regent Bank & Trust National As had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Regent Bank & Trust National As made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Getting a Small Business Loan

SBA 7A Banks in Nowata, Oklahoma

Oklahoma SBA 7A Lenders