Bank - Oklahoma SBA Loan to Eating Places Company

Searching for an Oklahoma business loan? Here's one Oklahoma business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Oklahoma City, Oklahoma, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Bank - Oklahoma, based in Oklahoma City, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
OKLAHOMA CITY, OK 73120

SBA Loan Lender

BANK - OKLAHOMA
11300 N MAY AVE
OKLAHOMA CITY, OK 73120

This loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/7/2000

Loan Approval Gross Amount

$63,610

Loan Approval from the SBA

Of the total $63,610 loan amount, the SBA guaranteed $50,888.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Bank - Oklahoma so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Oklahoma City, Oklahoma

SBA Oklahoma Banks