How to Get a Loan for Drinking Places

Looking for commercial loans for drinking places? Talk to a banker who works with the SBA. This $24,500 drinking places loan was issued by an Oklahoma bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Grand Bank, out of Claremore, Oklahoma. The loan was granted and they received $24,500 to help grow their Pryor, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
PRYOR, OK 74631

SBA Loan Lender

GRAND BANK
1700 S LYNN RIGGS BLVD
CLAREMORE, OK 74017

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

5/30/2001

Loan Approval Gross Amount

$24,500

Loan Approval from the SBA

Of the total $24,500 loan amount, the SBA guaranteed $20,825.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 12 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to 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.

This SBA loan was for $24,500. How would you spend $24,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Best Banks for Small Business in Claremore, Oklahoma

Oklahoma SBA 7A Lenders