Audio and Video Equipment Manufacturing SBA Loans

With these SBA loans for audio and video equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This audio and video equipment manufacturing loan for $85,600 was given to an Oklahoma entrepreneur in 2002.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank - Davis, out of Davis, Oklahoma. The loan was granted and they received $85,600 to help grow their Madill, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: AUDIO AND VIDEO EQUIPMENT MANUFACTURING
MADILL, OK 73446

SBA Loan Lender

1ST NATIONAL BANK - DAVIS
227 E MAIN ST
DAVIS, OK 73030

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial 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.

NAICS Code

334310 - Audio and Video Equipment Manufacturing

Loan Approval Date

11/15/2002

Loan Approval Gross Amount

$85,600

Loan Approval from the SBA

Of the total $85,600 loan amount, the SBA guaranteed $64,200.

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 6 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

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Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours 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.

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