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May 11, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Chickasha, Business Loans > 1st National Bank & Trust Chic Chickasha Business Loans > Florists Loan | ||||
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Business Loans for Chickasha Entrepreneurs
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Getting an SBA Loan for FloristsLooking for commercial loans for florists? The SBA may be the answer. This $53,000 florists loan was issued by an Oklahoma bank. This business knew how to go about getting a business bank loan. Based in Chickasha, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was 1st National Bank & Trust Chic, based in Chickasha, Oklahoma. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender 1ST NATIONAL BANK & TRUST CHIC This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 10/14/2003 Loan Approval Gross Amount $53,000 Loan Approval from the SBA Of the total $53,000 loan amount, the SBA guaranteed $45,050. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $53,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Chickasha, Oklahoma Banks for Small Business
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