First State Bank Of Altus SBA Loan to Health And Allied Services Company

Looking to get an Oklahoma small business loan? Here's one Oklahoma business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Weatherford, Oklahoma, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was First State Bank Of Altus, based in Altus, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: HEALTH AND ALLIED SERVICES
WEATHERFORD, OK 73096

SBA Loan Lender

FIRST STATE BANK OF ALTUS
721 N MAIN ST
ALTUS, OK 73521

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8099 - Health and Allied Services

Loan Approval Date

9/8/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

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 4 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours 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:

Equity Financing

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SBA Participating Banks in Oklahoma