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May 4, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Edmond, Business Loans > First Commercial Bank Edmond Business Loans > Furniture Stores Loan | ||||
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SBA Loan from First Commercial Bank
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SBA Loan from First Commercial Bank Helps Furniture Stores CompanyAn SBA loan from First Commercial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Oklahoma City, Oklahoma business owner got a $70,000 loan. This business knew how to go about getting a business bank loan. Based in Oklahoma City, Oklahoma, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was First Commercial Bank, based in Edmond, Oklahoma. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender FIRST COMMERCIAL BANK This lender issued this particular SBA business 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 442110 - Furniture Stores Loan Approval Date 8/17/2005 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Dealing With Venture Capitalists SBA Participating Banks in Edmond, Oklahoma
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