Entrepreneur Works With Blackwell, Oklahoma Bank to Get an SBA Loan

Thinking about meeting with a Blackwell, Oklahoma bank about a small business loan? Here's one Oklahoma business loan, issued by a Blackwell bank, that was approved by the SBA.

Applying for an SBA loan with Home National Bank worked out well for our friends at one local company in Copan, Oklahoma. The business was able to get an SBA loan for $199,789. Way to go!

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
COPAN, OK 74022

SBA Loan Lender

HOME NATIONAL BANK
1350 W DOOLIN
BLACKWELL, OK 74631

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

4/14/2005

Loan Approval Gross Amount

$199,789

Loan Approval from the SBA

Of the total $199,789 loan amount, the SBA guaranteed $149,842.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $199,789 loan. Remember, things become real when you believe you can achieve them!

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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