Business Loan from The Bank, National Association Given to No Industry Type Specified Company

An SBA loan from The Bank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Stuart, Oklahoma business owner got a $93,670 loan.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Bank, National Association, out of Mcalester, Oklahoma. The loan was granted and they received $93,670 to help grow their Stuart, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
STUART, OK 74570

SBA Loan Lender

THE BANK, NATIONAL ASSOCIATION
2ND & CARL ALBERT PKWY
MCALESTER, OK 74501

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 loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

518111 -

Loan Approval Date

11/2/2005

Loan Approval Gross Amount

$93,670

Loan Approval from the SBA

Of the total $93,670 loan amount, the SBA guaranteed $79,620.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Bank Credit Lines

Small Business Banks in Mcalester, Oklahoma

Getting an SBA Loan in Oklahoma