Home National Bank SBA Loan to Specialty Trade Contractors Company
An SBA loan from Home National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ramona, Oklahoma business owner got a $80,000 loan.
This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Home National Bank, out of Blackwell, Oklahoma. The loan was granted and they received $80,000 to help grow their Ramona, Oklahoma business.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
RAMONA, OK 74061
SBA Loan Lender
HOME NATIONAL BANK
1350 W DOOLIN
BLACKWELL, OK 74631
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans 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
238990 - Specialty Trade Contractors
Loan Approval Date
11/10/2005
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $68,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Don't forget. To get an SBA loan, you must 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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Home National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Home National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Find Start-Up Capital
Banks in Blackwell, Oklahoma
Oklahoma SBA 7A Lenders