Elk City, Oklahoma Bank Lends Money to Support Activities For Oil And Gas Operations Company in Elk City, Oklahoma

Thinking about meeting with an Elk City, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by an Elk City bank, that was approved by the SBA.

Applying for an SBA loan with Great Plains National Bank worked out well for our friends at one local firm in Elk City, Oklahoma. They received an SBA loan for $740,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS
ELK CITY, OK 73648

SBA Loan Lender

GREAT PLAINS NATIONAL BANK
2017 W THIRD
ELK CITY, OK 73644

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

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

3/9/2006

Loan Approval Gross Amount

$740,000

Loan Approval from the SBA

Of the total $740,000 loan amount, the SBA guaranteed $555,000.

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 14 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

Small Business Banks in Elk City, Oklahoma

SBA Participating Banks in Oklahoma

Elk City, Oklahoma Bank for SBA Loans

Elk City, Oklahoma Bank Lends Money to Support Activities For Oil And Gas Operations Company in Elk City, Oklahoma