Oklahoma City, Oklahoma Entrepreneur Gets a Bank Loan

OklahomaBank loans are available to Oklahoma firms through the SBA. In this case, an Oklahoma bank provides the loan.

Getting a small business loan in Oklahoma City, Oklahoma was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bancfirst Invest Corp. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATION AND AIR-CONDITIONING SERVICE
OKLAHOMA CITY, OK 73127

SBA Loan Lender

BANCFIRST INVEST CORP
101 N BROADWAY STE 200
OKLAHOMA CITY, OK 73102

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7623 - Refrigeration and Air-Conditioning Service

Loan Approval Date

6/20/2000

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $64,000.

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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bancfirst Invest Corp that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Bank Loans in Oklahoma City, Oklahoma

Oklahoma SBA Banks