Business Loan from Bank Of Western Oklahoma Given to Farm Supplies Company

An SBA loan from Bank Of Western Oklahoma typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Granite, Oklahoma business owner got a $504,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of Western Oklahoma, out of Cordell, Oklahoma. The loan was granted and they received $504,000 to help grow their Granite, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES
GRANITE, OK 73547

SBA Loan Lender

BANK OF WESTERN OKLAHOMA
116 N COLLEGE
CORDELL, OK 73632

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5191 - Farm Supplies

Loan Approval Date

11/7/2000

Loan Approval Gross Amount

$504,000

Loan Approval from the SBA

Of the total $504,000 loan amount, the SBA guaranteed $378,000.

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 13 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $504,000. How would you spend $504,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Borrowing Money from Friends and Family

SBA 7A Lenders in Cordell, Oklahoma

Oklahoma SBA 7A Lenders