Commercial Loans for Noncellulosic Organic Fiber Manufacturing

Looking for commercial loans for noncellulosic organic fiber manufacturing? An SBA loan may be just what you've been looking for. This $291,852 noncellulosic organic fiber manufacturing loan was issued by an Oklahoma bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Arvest Bank, out of Norman, Oklahoma. The loan was granted and they received $291,852 to help grow their Oklahoma City, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: MANMADE ORGANIC FIBERS
OKLAHOMA CITY, OK 73114

SBA Loan Lender

ARVEST BANK
200 E MAIN ST
NORMAN, OK 73069

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2824 - Manmade Organic Fibers

NAICS Code

325222 - Noncellulosic Organic Fiber Manufacturing

Loan Approval Date

11/27/2002

Loan Approval Gross Amount

$291,852

Loan Approval from the SBA

Of the total $291,852 loan amount, the SBA guaranteed $218,889.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 9 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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Small Business Banks in Norman, Oklahoma

Where to Get an SBA Loan Oklahoma