El Reno, Oklahoma Bank Gives SBA Loan to Commercial Printing Company

Want to talk with an El Reno, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by an El Reno bank, that was approved by the SBA.

Applying for an SBA loan with The Bank Of Union worked out well for our friends at one local company in Minco, Oklahoma. They received an SBA loan for $218,962. Sweet!

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
MINCO, OK 73059

SBA Loan Lender

THE BANK OF UNION
2000 S COUNTRY CLUB RD
EL RENO, OK 73036

This lender issued this commercial loan under the SBA 7A lending program , 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

323119 - Commercial Printing

Loan Approval Date

12/17/2004

Loan Approval Gross Amount

$218,962

Loan Approval from the SBA

Of the total $218,962 loan amount, the SBA guaranteed $164,222.

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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Bank Of Union are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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