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May 13, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Rush Springs, Business Loans > 1st National Bank & Trust Chic Rush Springs Business Loans > Sporting And Athletic Goods Manufacturing Loan | ||||
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Rush Springs SBA Lenders
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Rush Springs, Oklahoma Lender Lends Money to Sporting And Athletic Goods Manufacturing CompanyThinking about meeting with a Rush Springs, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Rush Springs bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank & Trust Chic worked out well for our friends at one local business in Moore, Oklahoma. The business was able to get an SBA loan for $50,000. Awesome! SBA Loan Borrower COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK & TRUST CHIC 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 339920 - Sporting and Athletic Goods Manufacturing Loan Approval Date 7/8/2002 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. 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 SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st National Bank & Trust Chic and they will explain how you can get an SBA loan for your company. 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: Small Bank Loans in Rush Springs, Oklahoma
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