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May 3, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Stroud, Business Loans > Stroud National Bank Stroud Business Loans > Computer Related Services Loan | ||||
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Raising Money in Oklahoma City, Oklahoma With SBA Loans
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Commercial Loans for Professional, Scientific, and Technical ServicesLooking for commercial loans for professional, scientific, and technical services? An SBA loan may be just what you've been looking for. This $99,700 professional, scientific, and technical services loan was issued by an Oklahoma bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oklahoma City, Oklahoma was able to borrow $99,700 from Stroud National Bank. The SBA made the loan possible by guaranteeing $79,760 of this Oklahoma small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER RELATED SERVICES SBA Loan Lender STROUD NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7379 - Computer Related Services NAICS Code 541990 - Professional, Scientific, and Technical Services Loan Approval Date 11/1/2000 Loan Approval Gross Amount $99,700 Loan Approval from the SBA Of the total $99,700 loan amount, the SBA guaranteed $79,760. 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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Stroud National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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 Approved Banks in Stroud, Oklahoma
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