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November 15, 2024  
 
 
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Raising Money in Guthrie, Oklahoma With SBA Loans

 

 
Loan Census SBA Loan Info

Guthrie, Oklahoma Entrepreneur Gets a Bank Loan

Business loans in Oklahoma are hard to find these days. We take a look at one Oklahoma business loan, provided by an Oklahoma bank, that was approved by the SBA.

You can learn something about getting a small business loan in Guthrie, Oklahoma by studying this loan to a local business, made back in 2005. Banks like Oklahoma State Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL
GUTHRIE, OK 73049

SBA Loan Lender

OKLAHOMA STATE BANK
2610 S DIVISION AVE
GUTHRIE, OK 73044

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

11/7/2005

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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

If you want money for new small business in Guthrie OK, you ought to talk with a local Guthrie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Guthrie businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Oklahoma State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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Who Lends Money to Small Businesses in Guthrie, Oklahoma

Oklahoma SBA 7A Lenders