SBA Loan from Bank - Oklahoma Helps Machine Tool Manufacturing Company

Bank - Oklahoma is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oklahoma entrepreneur who tapped into the power of SBA loans.

This small firm knew how to go about getting a business bank loan. Based in Okeene, Oklahoma, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Bank - Oklahoma, based in Tulsa, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOL MANUFACTURING
OKEENE, OK 73763

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333512 - Machine Tool Manufacturing

Loan Approval Date

8/18/2006

Loan Approval Gross Amount

$184,165

Loan Approval from the SBA

Of the total $184,165 loan amount, the SBA guaranteed $138,124.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request 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 Okeene OK, you ought to talk with a local Okeene SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Okeene businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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