Mcalester, Oklahoma Bank Gives SBA Loan to Funeral Service And Crematories Company

Find Mcalester, Oklahoma banks that specialize in small business loans and know how to work with entrepreneurs. First National Bank & Trust - Mcales is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Mcalester, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First National Bank & Trust - Mcales. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
MCALESTER, OK 74501

SBA Loan Lender

FIRST NATIONAL BANK & TRUST - MCALES
235 E CHOCTAW AVE
MCALESTER, OK 74501

This SBA 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

7261 - Funeral Service and Crematories

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

2/21/2003

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 6 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Borrow Money

SBA 7A Lenders in Mcalester, Oklahoma

SBA Oklahoma Banks