Personal Care Services Loans

With these loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $1,130,000 was given to an Oklahoma entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stillwater, Oklahoma was able to borrow $1,130,000 from Liberty National Bank. The SBA made the loan possible by guaranteeing $847,500 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
STILLWATER, OK 74074

SBA Loan Lender

LIBERTY NATIONAL BANK
629 SW C AVE, STE B
LAWTON, OK 73501

This loan for a small business 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.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

3/9/2006

Loan Approval Gross Amount

$1,130,000

Loan Approval from the SBA

Of the total $1,130,000 loan amount, the SBA guaranteed $847,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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.

Related Links:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Lawton, Oklahoma

Getting an SBA Loan in Oklahoma