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

Thinking about meeting with a Mcalester, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by a Mcalester bank, that was approved by the SBA.

Applying for an SBA loan with The Bank, National Association worked out well for our friends at one local company in Stillwater, Oklahoma. They got an SBA loan for $57,800. Way to go!

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
STILLWATER, OK 74074

SBA Loan Lender

THE BANK, NATIONAL ASSOCIATION
2ND & CARL ALBERT PKWY
MCALESTER, OK 74501

The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

442110 - Furniture Stores

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$57,800

Loan Approval from the SBA

Of the total $57,800 loan amount, the SBA guaranteed $28,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you 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.

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.

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