Wister, Oklahoma Business Gets SBA-Guaranteed Funding from Regent Bank & Trust National As

Regent Bank & Trust National As is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Oklahoma entrepreneur who tapped into the power of SBA loans.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Regent Bank & Trust National As, out of Nowata, Oklahoma. The loan was granted and they received $1,402,500 to help grow their Wister, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: CRUSHED AND BROKEN STONE MINING AND QUARRYING
WISTER, OK 74966

SBA Loan Lender

REGENT BANK & TRUST NATIONAL AS
105 N MAPLE ST
NOWATA, OK 74048

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

212319 - Crushed and Broken Stone Mining and Quarrying

Loan Approval Date

6/6/2006

Loan Approval Gross Amount

$1,402,500

Loan Approval from the SBA

Of the total $1,402,500 loan amount, the SBA guaranteed $1,051,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Regent Bank & Trust National As so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Best Nowata, Oklahoma Banks for Small Business

Oklahoma SBA 7A Lenders