Waste Management Services Bank Loans

Looking for bank loans for waste management services? An SBA loan may be just what you've been looking for. This $370,000 waste management services loan was issued by an Oklahoma bank.

This company 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 2005. The lending bank was Oklahoma State Bank, based in Guthrie, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: WASTE MANAGEMENT SERVICES
GUTHRIE, OK 73044

SBA Loan Lender

OKLAHOMA STATE BANK
2610 S DIVISION AVE
GUTHRIE, OK 73044

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562998 - Waste Management Services

Loan Approval Date

1/12/2005

Loan Approval Gross Amount

$370,000

Loan Approval from the SBA

Of the total $370,000 loan amount, the SBA guaranteed $277,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Oklahoma State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Role of Business Plan When Raising Money

Banks in Guthrie, Oklahoma

Where to Get an SBA Loan Oklahoma