Personal Services Commercial Loans

Looking for commercial loans for personal services? An SBA loan may be just what you've been looking for. This $38,500 personal services loan was issued by an Oklahoma bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Eastman National Bank, out of Newkirk, Oklahoma. The loan was granted and they received $38,500 to help grow their Ponca City, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
PONCA CITY, OK 74601

SBA Loan Lender

THE EASTMAN NATIONAL BANK
102 S MAIN
NEWKIRK, OK 74647

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

12/16/2005

Loan Approval Gross Amount

$38,500

Loan Approval from the SBA

Of the total $38,500 loan amount, the SBA guaranteed $32,725.

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. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

Related Links:

Business Credit Evaluation

Small Bank Loans in Newkirk, Oklahoma

SBA Oklahoma Banks