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December 22, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Surgical Appliance And Supplies Manufacturing Loan | ||||
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I Need a Business Loan in Midwest City, Oklahoma
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Where to Get Capital for Surgical Appliance and Supplies ManufacturingLooking for SBA loans for surgical appliance and supplies manufacturing? Talk to a banker who works with the SBA. This $25,000 surgical appliance and supplies manufacturing loan was issued by a Florida bank. Getting a small business loan in Midwest City, Oklahoma was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC, operating out of Panama City Beach, Florida. Here are the details on this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: SURGICAL APPLIANCE AND SUPPLIES MANUFACTURING SBA Loan Lender BUSINESS LOAN CENTER, LLC The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business 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 339113 - Surgical Appliance and Supplies Manufacturing Loan Approval Date 6/5/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan 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. 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 Business Loan Center, LLC 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: Raising VC Money for Social Networking Companies SBA Participating Banks in Panama City Beach, Florida Getting an SBA Loan in Florida
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