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May 19, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Edmond, Business Loans > The Citizens Bank Of Edmond Edmond Business Loans > Motorcycle, Atv, And Personal Watercraft Dealers Loan | ||||
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Edmond Lenders
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Edmond, Oklahoma Bank Gives SBA Loan to Motorcycle, Atv, And Personal Watercraft Dealers CompanyAn Edmond, Oklahoma small business loan can be yours. Learn how a company got a $46,500 business loan from this Oklahoma bank. This loan to a local firm is a good example of an SBA loan. The Citizens Bank Of Edmond made the loan and the SBA guaranteed a portion of the loan. Many other Oklahoma entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MOTORCYCLE, ATV, AND PERSONAL WATERCRAFT DEALERS SBA Loan Lender THE CITIZENS BANK OF EDMOND 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 441221 - Motorcycle, ATV, and Personal Watercraft Dealers Loan Approval Date 3/18/2004 Loan Approval Gross Amount $46,500 Loan Approval from the SBA Of the total $46,500 loan amount, the SBA guaranteed $39,525. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Accountant's Role in Securing Financing
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