Business Loan from Citizens Security Bank & Trust Given to Fitness And Recreational Sports Centers Company

An SBA loan from Citizens Security Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Coweta, Oklahoma business owner got a $174,830 loan.

This small firm knew how to go about getting a business bank loan. Based in Coweta, Oklahoma, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was Citizens Security Bank & Trust, based in Bixby, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
COWETA, OK 74429

SBA Loan Lender

CITIZENS SECURITY BANK & TRUST
14821 S MEMORIAL
BIXBY, OK 74008

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

1/17/2008

Loan Approval Gross Amount

$174,830

Loan Approval from the SBA

Of the total $174,830 loan amount, the SBA guaranteed $87,415.

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 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

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.

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 Citizens Security Bank & Trust 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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