Loan Census Banking News and Information
November 21, 2024  
 
 
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Banks Doing SBA Loans in Oklahoma

 

 
Loan Census SBA Loan Info

Pawnee, Oklahoma Bank Gives SBA Loan to Fitness And Recreational Sports Centers Company

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

Applying for an SBA loan with Security Bank worked out well for our friends at one local firm in Tulsa, Oklahoma. They got an SBA loan for $910,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
TULSA, OK 74137

SBA Loan Lender

SECURITY BANK
551 HARRISON ST
PAWNEE, OK 74058

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

12/12/2003

Loan Approval Gross Amount

$910,000

Loan Approval from the SBA

Of the total $910,000 loan amount, the SBA guaranteed $682,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, 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.

Related Links:

Determining Proper Capital Structure for a Business

Best Banks for Small Business in Pawnee, Oklahoma

Where to Get an SBA Loan Oklahoma