Newkirk, Oklahoma Bank Gives SBA Loan to Business Services Company

Thinking about meeting with a Newkirk, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by a Newkirk bank, that was approved by the SBA.

Applying for an SBA loan with Albright Title & Trust worked out well for our friends at one local business in Ponca City, Oklahoma. They received an SBA loan for $42,000. Nice!

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
PONCA CITY, OK 74601

SBA Loan Lender

ALBRIGHT TITLE & TRUST
100 N MAIN
NEWKIRK, OK 74647

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

443120 - Computer and Software Stores

Loan Approval Date

2/26/2001

Loan Approval Gross Amount

$42,000

Loan Approval from the SBA

Of the total $42,000 loan amount, the SBA guaranteed $35,700.

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 4 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Advice on Getting a Small Business Loan

Good Banks for Small Business in Newkirk, Oklahoma

Oklahoma SBA 7A Lenders