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May 11, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Bethany, Business Loans > First Bethany Bank & Trust Bethany Business Loans > Fine Arts Schools Loan | ||||
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First Bethany Bank & Trust
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SBA Loan from First Bethany Bank & Trust Helps Fine Arts Schools CompanyAn SBA loan from First Bethany Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Edmond, Oklahoma business owner got a $27,000 loan. This growing company knew how to go about getting a business bank loan. Based in Edmond, Oklahoma, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First Bethany Bank & Trust, based in Bethany, Oklahoma. SBA Loan Borrower COMPANY TYPE: FINE ARTS SCHOOLS SBA Loan Lender FIRST BETHANY BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611610 - Fine Arts Schools Loan Approval Date 3/30/2004 Loan Approval Gross Amount $27,000 Loan Approval from the SBA Of the total $27,000 loan amount, the SBA guaranteed $22,950. 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. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Bethany Bank & Trust 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 Banks in Bethany, Oklahoma Browse All Business Loan Sources for Oklahoma
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