Crude Petroleum and Natural Gas Commercial Loans

With these commercial loans for crude petroleum and natural gas, the SBA guarantees the lender that the loan will be repaid. This crude petroleum and natural gas loan for $538,570 was given to an Oklahoma entrepreneur in 2001.

This small business knew how to go about getting a business bank loan. Based in Cushing, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Community Bank, based in Bristow, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: CRUDE PETROLEUM AND NATURAL GAS
CUSHING, OK 74023

SBA Loan Lender

COMMUNITY BANK
104 S MAIN
BRISTOW, OK 74010

This SBA small business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

211111 - Crude Petroleum and Natural Gas

Loan Approval Date

5/10/2001

Loan Approval Gross Amount

$538,570

Loan Approval from the SBA

Of the total $538,570 loan amount, the SBA guaranteed $403,928.

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 18 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

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