Entrepreneur Works With Shawnee, Oklahoma Bank to Get an SBA Loan

Find Shawnee, Oklahoma banks that specialize in SBA loans and know how to work with entrepreneurs. First National Bank & Trust is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Shawnee, Oklahoma starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First National Bank & Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ORNAMENTAL FLORICULTURE NURSERY PRODUCTS
SHAWNEE, OK 74801

SBA Loan Lender

FIRST NATIONAL BANK & TRUST
130 E MACARTHUR
SHAWNEE, OK 74804

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0181 - Ornamental Floriculture Nursery Products

Loan Approval Date

5/23/2000

Loan Approval Gross Amount

$901,000

Loan Approval from the SBA

Of the total $901,000 loan amount, the SBA guaranteed $675,750.

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 6 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

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

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Cash Advances

Small Business Banks in Shawnee, Oklahoma

SBA Participating Banks in Oklahoma