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November 15, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > El Reno, Business Loans > The Bank Of Union El Reno Business Loans > Excavation Contractors Loan | ||||
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El Reno, Oklahoma Bank Loan
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Bank Loans for Excavation ContractorsLooking for bank loans for excavation contractors? Try the SBA. This $475,000 excavation contractors loan was issued by an Oklahoma bank. This small firm knew how to go about getting a business bank loan. Based in El Reno, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Bank Of Union, based in El Reno, Oklahoma. SBA Loan Borrower COMPANY TYPE: EXCAVATION CONTRACTORS SBA Loan Lender THE BANK OF UNION The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235930 - Excavation Contractors Loan Approval Date 11/15/2002 Loan Approval Gross Amount $475,000 Loan Approval from the SBA Of the total $475,000 loan amount, the SBA guaranteed $356,250. 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 15 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from The Bank Of Union so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Good Banks for Small Business in El Reno, Oklahoma
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