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May 13, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > El Reno, Business Loans > The Bank Of Union El Reno Business Loans > Industrial And Personal Service Paper Wholesalers Loan | ||||
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Oklahoma Small Business Funding
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Where to Get Capital for Industrial and Personal Service Paper WholesalersLooking for small business loans for industrial and personal service paper wholesalers? The SBA may be the answer. This $150,000 industrial and personal service paper wholesalers loan was issued by an Oklahoma bank. Getting a small business loan in Minco, Oklahoma was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Union, operating out of El Reno, Oklahoma. Here are the details on this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND PERSONAL SERVICE PAPER WHOLESALERS SBA Loan Lender THE BANK OF UNION This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422130 - Industrial and Personal Service Paper Wholesalers Loan Approval Date 10/2/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 6 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Good Banks for Small Business in El Reno, Oklahoma
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