Oklahoma Bank Loan Issued to Snack And Nonalcoholic Beverage Bars Company
OklahomaSmall business loans are available to Oklahoma small business owners through the SBA. In this case, an Oklahoma bank provides the loan.
You can learn something about getting a small business loan in Oklahoma City, Oklahoma by studying this loan to a local company, made back in 2006. Banks like First National Bank - Oklahoma may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
OKLAHOMA CITY, OK 73107
SBA Loan Lender
FIRST NATIONAL BANK - OKLAHOMA
1324 E GRAND AVE
PONCA CITY, OK 74601
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
8/24/2006
Loan Approval Gross Amount
$15,300
Loan Approval from the SBA
Of the total $15,300 loan amount, the SBA guaranteed $7,650.
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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.
Getting an SBA Loan For Your Business
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
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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