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May 4, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Union Bank Oklahoma City Business Loans > Legal Services Loan | ||||
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Banks in Oklahoma City, Oklahoma That Make SBA Loans
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Oklahoma City, Oklahoma Bank Lends Money to Legal Services Company in Oklahoma City, OklahomaWant to talk with an Oklahoma City, Oklahoma bank about a business loan? Here's one Oklahoma business loan, issued by an Oklahoma City bank, that was approved by the SBA. Applying for an SBA loan with Union Bank worked out well for our friends at one local company in Oklahoma City, Oklahoma. They received an SBA loan for $300,000. Awesome! SBA Loan Borrower COMPANY TYPE: LEGAL SERVICES SBA Loan Lender UNION BANK This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began 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. SIC Code 8111 - Legal Services NAICS Code 541110 - Lawyers Loan Approval Date 8/28/2003 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Union Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks in Oklahoma City, Oklahoma
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