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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 > Vending Machine Operators Loan | ||||
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The Citizens Bank Of Edmond
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Business Loan from The Citizens Bank Of Edmond Given to Vending Machine Operators CompanyAn SBA loan from The Citizens Bank Of Edmond typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Edmond, Oklahoma business owner got a $50,000 loan. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The Citizens Bank Of Edmond, out of Edmond, Oklahoma. The loan was granted and they received $50,000 to help grow their Edmond, Oklahoma business. SBA Loan Borrower COMPANY TYPE: VENDING MACHINE OPERATORS 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 454210 - Vending Machine Operators Loan Approval Date 5/23/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 for Edmond, Oklahoma Loans
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