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April 20, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Blackwell, Business Loans > Home National Bank Blackwell Business Loans > Swen's Tool Service Loan | ||||
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Nowata, Oklahoma Bank Loan
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Nowata, OK Entrepreneur Gets SBA Loan to Buy Cornwell Quality Tool Company,Inc FranchiseNeed money to purchase a Cornwell Quality Tool Company,Inc franchise? Home National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Nowata, Oklahoma needed money to invest in a Cornwell Quality Tool Company,Inc franchise back in 2007. Home National Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan. SBA Loan Borrower SWEN'S TOOL SERVICE SBA Loan Lender HOME NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 2/13/2007 Loan Approval Gross Amount $78,000 Loan Approval from the SBA Of the total $78,000 loan amount, the SBA guaranteed $66,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cornwell Quality Tool Company,Inc franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Home National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Blackwell, Oklahoma Getting an SBA Loan in Oklahoma
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