Moore, Oklahoma Lender Lends Money to Flooring Contractors Company

Find Moore, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. First American Bank is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: FLOORING CONTRACTORS
NORMAN, OK 73069

SBA Loan Lender

FIRST AMERICAN BANK
2101 S I-35 FRONTAGE RD
MOORE, OK 73160

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238330 - Flooring Contractors

Loan Approval Date

10/27/2003

Loan Approval Gross Amount

$21,600

Loan Approval from the SBA

Of the total $21,600 loan amount, the SBA guaranteed $18,360.

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 2 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Norman OK, you ought to talk with a local Norman SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Norman businesses.

This SBA loan was for $21,600. How would you spend $21,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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