Local Business Gets an Oklahoma Small Business Loan
OklahomaBusiness loans are available to Oklahoma business owners through the SBA. In this case, an Oklahoma bank provides the loan.
You can learn something about getting a small business loan in Tahlequah, Oklahoma by studying this loan to a local business, made back in 2003. Banks like Bank Of Cherokee County may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
TAHLEQUAH, OK 74464
SBA Loan Lender
BANK OF CHEROKEE COUNTY
125 E FIRST ST
TAHLEQUAH, OK 74464
This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621310 - Chiropractors
Loan Approval Date
8/5/2003
Loan Approval Gross Amount
$46,400
Loan Approval from the SBA
Of the total $46,400 loan amount, the SBA guaranteed $39,440.
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 2 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Startup Funding Tip
SBA 7A Lenders in Tahlequah, Oklahoma
Oklahoma SBA 7A Banks