Liberty National Bank SBA Loan to Promoters Of Performing Arts, Sports, And Similar Events With Facilities Company
Liberty National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Oklahoma entrepreneur was able to get a loan to take a small business to the next level.
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 2004. The lending bank was Liberty National Bank, based in Lawton, Oklahoma.
SBA Loan Borrower
COMPANY TYPE: PROMOTERS OF PERFORMING ARTS, SPORTS, AND SIMILAR EVENTS WITH FACILITIES
OKLAHOMA CITY, OK 73128
SBA Loan Lender
LIBERTY NATIONAL BANK
629 SW C AVE, STE B
LAWTON, OK 73501
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
711310 - Promoters of Performing Arts, Sports, and Similar Events with Facilities
Loan Approval Date
7/30/2004
Loan Approval Gross Amount
$401,000
Loan Approval from the SBA
Of the total $401,000 loan amount, the SBA guaranteed $300,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 26 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
We can help you find the best banks for small businesses in Oklahoma City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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