Local Business Gets an Oklahoma Bank Loan
Business loans in Oklahoma are are few and far betweeen these days. We take a look at one Oklahoma business loan, provided by an Oklahoma bank, that was approved by the SBA.
This small business, based in Crescent, Oklahoma, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Oklahoma State Bank. We've got the inside scoop on this Oklahoma small business loan.
SBA Loan Borrower
COMPANY TYPE: FLORISTS
CRESCENT, OK 07302
SBA Loan Lender
OKLAHOMA STATE BANK
2610 S DIVISION AVE
GUTHRIE, OK 73044
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453110 - Florists
Loan Approval Date
2/27/2007
Loan Approval Gross Amount
$83,000
Loan Approval from the SBA
Of the total $83,000 loan amount, the SBA guaranteed $70,550.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Business Cash Advances
Small Bank Loans in Guthrie, Oklahoma
Oklahoma SBA 7A Lenders