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May 9, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Pawnee, Business Loans > Security Bank Pawnee Business Loans > Machine Shops Loan | ||||
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SBA Lenders in Hominy, Oklahoma
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SBA Loan from Security Bank Helps Machine Shops CompanyAn SBA loan from Security Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hominy, Oklahoma business owner got a $235,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hominy, Oklahoma was able to borrow $235,000 from Security Bank. The SBA made the loan possible by guaranteeing $176,250 of this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender SECURITY BANK This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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 332710 - Machine Shops Loan Approval Date 6/26/2006 Loan Approval Gross Amount $235,000 Loan Approval from the SBA Of the total $235,000 loan amount, the SBA guaranteed $176,250. 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 7 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 - How to Decide How Much to Raise SBA 7A Lenders in Pawnee, Oklahoma Browse All Business Loan Sources for Oklahoma
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