SBA Loans for Farm Product Raw Material Wholesalers

With these SBA loans for farm product raw material wholesalers, the SBA guarantees the lender that the loan will be repaid. This farm product raw material wholesalers loan for $666,000 was given to an Oklahoma entrepreneur in 2001.

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

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES
GUTHRIE, OK 73044

SBA Loan Lender

BANK - OKLAHOMA
7701 S WESTERN
OKLAHOMA CITY, OK 73139

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to give rapid 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.

SIC Code

5191 - Farm Supplies

NAICS Code

422590 - Farm Product Raw Material Wholesalers

Loan Approval Date

1/23/2001

Loan Approval Gross Amount

$666,000

Loan Approval from the SBA

Of the total $666,000 loan amount, the SBA guaranteed $499,500.

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 26 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

While you may be able to find other ways to get money to start a business, 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:

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SBA Banks in Oklahoma City, Oklahoma

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