Business Loans for Support Activities for Oil and Gas Operations

Looking for business loans for support activities for oil and gas operations? An SBA loan may be just what you've been looking for. This $31,300 support activities for oil and gas operations loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Woodward, Oklahoma was able to borrow $31,300 from The Stock Exchange Bank. The SBA made the loan possible by guaranteeing $26,605 of this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS
WOODWARD, OK 73801

SBA Loan Lender

THE STOCK EXCHANGE BANK
1117 10TH ST
WOODWARD, OK 73801

This lender issued this particular bank 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

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

1/18/2001

Loan Approval Gross Amount

$31,300

Loan Approval from the SBA

Of the total $31,300 loan amount, the SBA guaranteed $26,605.

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 SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Stock Exchange Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Stock Exchange Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Incubators

Best Banks for Small Business in Woodward, Oklahoma

Where to Get an SBA Loan Oklahoma