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November 25, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Siding Contractors Loan | ||||
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Newalla, Oklahoma Bank for SBA Loans
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Loans for Siding ContractorsWith these loans for siding contractors, the SBA guarantees the lender that the loan will be repaid. This siding contractors loan for $15,000 was given to an Oklahoma entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newalla, Oklahoma was able to borrow $15,000 from Capital One. The SBA made the loan possible by guaranteeing $7,500 of this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: SIDING CONTRACTORS SBA Loan Lender CAPITAL ONE This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238170 - Siding Contractors Loan Approval Date 10/5/2005 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. 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 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital One 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. Related Links: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks in Mclean, Virginia
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