First Capital Bank SBA Loan to Flowers, Nursery Stock, And Florists Supplies Company

First Capital Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oklahoma entrepreneur who tapped into the power of SBA loans.

This business knew how to go about getting a business bank loan. Based in Guthrie, Oklahoma, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was First Capital Bank, based in Guthrie, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: FLOWERS, NURSERY STOCK, AND FLORISTS SUPPLIES
GUTHRIE, OK 73044

SBA Loan Lender

FIRST CAPITAL BANK
224 E OKLAHOMA AVE
GUTHRIE, OK 73044

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5193 - Flowers, Nursery Stock, and Florists Supplies

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

3/29/2002

Loan Approval Gross Amount

$324,700

Loan Approval from the SBA

Of the total $324,700 loan amount, the SBA guaranteed $243,525.

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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Capital Bank and they will explain how you can get an SBA loan for your company.

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:

Getting a Small Business Loan

Where to Get an SBA Loan in Guthrie, Oklahoma

Getting an SBA Loan in Oklahoma