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November 15, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Elk City, Business Loans > Great Plains National Bank Elk City Business Loans > Convenience Stores Loan | ||||
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Getting a Small Business Loan in Elk City, Oklahoma
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Firm Gets an Oklahoma Bank LoanOklahomaSmall business loans are available to Oklahoma small business owners through the SBA. In this case, an Oklahoma bank provides the loan. Getting a small business loan in Elk City, Oklahoma was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Great Plains National Bank. Here are the details on this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender GREAT PLAINS NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 8/24/2005 Loan Approval Gross Amount $37,600 Loan Approval from the SBA Of the total $37,600 loan amount, the SBA guaranteed $28,200. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Raising VC Money for Social Networking Companies SBA Participating Banks in Elk City, Oklahoma
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