Entrepreneur Works With Duncan, Oklahoma Bank to Get an SBA Loan

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

Applying for an SBA loan with First Bank & Trust Co. worked out well for our friends at one local firm in Norman, Oklahoma. They received an SBA loan for $203,900. Nice!

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
NORMAN, OK 73072

SBA Loan Lender

FIRST BANK & TRUST CO.
923 W MAIN ST
DUNCAN, OK 73533

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

621111 - Physicians

Loan Approval Date

5/23/2007

Loan Approval Gross Amount

$203,900

Loan Approval from the SBA

Of the total $203,900 loan amount, the SBA guaranteed $101,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $203,900 loan. Remember, if it to be, it is up to me!

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:

Financing Your Business

Best Duncan, Oklahoma Banks for Small Business

SBA Lenders in Oklahoma