Sawmills Bank Loans

With these bank loans for sawmills, the SBA guarantees the lender that the loan will be repaid. This sawmills loan for $300,000 was given to an Oklahoma entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Mooreland, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Freedom State Bank, based in Freedom, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
MOORELAND, OK 73852

SBA Loan Lender

THE FREEDOM STATE BANK
411 MAIN
FREEDOM, OK 73842

This 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.

NAICS Code

321113 - Sawmills

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 9 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Mooreland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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