Loan Census Banking News and Information
December 22, 2024  
 
 
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Banks That Lend to Tahlequah Business Owners

 

 
Loan Census SBA Loan Info

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

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