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May 12, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Davis, Business Loans > 1st National Bank - Davis Davis Business Loans > Fur And Leather Apparel Manufacturing Loan | ||||
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How to Get SBA Loans in Wynnewood, Oklahoma
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Commercial Loans for Fur and Leather Apparel ManufacturingLooking for commercial loans for fur and leather apparel manufacturing? Talk to a banker who works with the SBA. This $40,000 fur and leather apparel manufacturing loan was issued by an Oklahoma bank. This small business knew how to go about getting a business bank loan. Based in Wynnewood, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was 1st National Bank - Davis, based in Davis, Oklahoma. SBA Loan Borrower COMPANY TYPE: FUR AND LEATHER APPAREL MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK - DAVIS This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 315292 - Fur and Leather Apparel Manufacturing Loan Approval Date 2/10/2005 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into 1st National Bank - Davis and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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