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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 > Platemaking And Related Services Loan | ||||
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Banks in Chickasha, Oklahoma That Make SBA Loans
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Chickasha, Oklahoma Bank Gives SBA Loan to Platemaking And Related Services CompanyA Chickasha, Oklahoma small business loan can be yours. Learn how a company got a $25,000 business loan from this Oklahoma bank. This loan to an entrepreneur is a good example of an SBA loan. 1st National Bank & Trust Chic made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PLATEMAKING AND RELATED SERVICES SBA Loan Lender 1ST NATIONAL BANK & TRUST CHIC This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . 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 2796 - Platemaking and Related Services NAICS Code 323122 - Prepress Services Loan Approval Date 2/1/2000 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $20,000. 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 only one employee. The loan application did not indicate that the company promised 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 typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into 1st National Bank & Trust Chic and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - Getting Venture Capital Small Bank Loans in Chickasha, Oklahoma
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