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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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Pawnee, Oklahoma SBA 7A Banks
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Pawnee, Oklahoma Lender Lends Money to Machine Shops CompanyThinking about meeting with a Pawnee, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Pawnee bank, that was approved by the SBA. Applying for an SBA loan with Security Bank worked out well for our friends at one local business in Hominy, Oklahoma. They got an SBA loan for $90,000. Nice! SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender SECURITY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 9/25/2006 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Security Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Family and Friend Investors - Your First Financiers SBA Approved Banks in Pawnee, Oklahoma
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