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November 14, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Union Bank Oklahoma City Business Loans > Lawyers Loan | ||||
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Oklahoma City, Oklahoma Bank for SBA Loans
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Getting an SBA Loan for LawyersLooking for commercial loans for lawyers? Try the SBA. This $260,000 lawyers loan was issued by an Oklahoma bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Union Bank, out of Oklahoma City, Oklahoma. The loan was granted and they received $260,000 to help grow their Oklahoma City, Oklahoma business. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender UNION BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541110 - Lawyers Loan Approval Date 2/11/2005 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. 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 7 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Union Bank and they will explain how you can get an SBA loan for your company. 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 From a Venture Capitalist Best Oklahoma City, Oklahoma Banks for Small Business Getting an SBA Loan in Oklahoma
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