Raising Money for Crude Petroleum and Natural Gas

Looking for business loans for crude petroleum and natural gas? An SBA loan may be just what you've been looking for. This $1,141,900 crude petroleum and natural gas loan was issued by an Oklahoma bank.

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

SBA Loan Borrower

COMPANY TYPE: CRUDE PETROLEUM AND NATURAL GAS
ELK CITY, OK 73648

SBA Loan Lender

BANCFIRST
101 N BROADWAY, STE 1050
OKLAHOMA CITY, OK 73102

When this loan was made, this bank participated in the SBA's Certified Lenders Program (CLP). This program was created to ensure fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

211111 - Crude Petroleum and Natural Gas

Loan Approval Date

7/31/2001

Loan Approval Gross Amount

$1,141,900

Loan Approval from the SBA

Of the total $1,141,900 loan amount, the SBA guaranteed $856,425.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 85 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,141,900 loan. Remember, anyone can do it... so why not you?

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:

Debt Financing

SBA Participating Banks in Oklahoma City, Oklahoma

Oklahoma SBA 7A Lenders