Shawnee, Oklahoma Business Gets SBA-Guaranteed Funding from First United Bank & Trust

An SBA loan from First United Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Shawnee, Oklahoma business owner got a $106,920 loan.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First United Bank & Trust, out of Durant, Oklahoma. The loan was granted and they received $106,920 to help grow their Shawnee, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
SHAWNEE, OK 74804

SBA Loan Lender

FIRST UNITED BANK & TRUST
1400 W MAIN ST
DURANT, OK 74701

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

524210 - Insurance Agencies and Brokerages

Loan Approval Date

5/26/2006

Loan Approval Gross Amount

$106,920

Loan Approval from the SBA

Of the total $106,920 loan amount, the SBA guaranteed $53,460.

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 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Shawnee or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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