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May 18, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Shawnee, Business Loans > First United Bank & Trust Shawnee Business Loans > Food Stores Loan | ||||
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Banks Doing SBA Loans in Oklahoma
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Shawnee, Oklahoma Bank Lends Money to Food Stores Company in Shawnee, OklahomaThinking about meeting with a Shawnee, Oklahoma bank about a small business loan? Here's one Oklahoma business loan, issued by a Shawnee bank, that was approved by the SBA. Applying for an SBA loan with First United Bank & Trust worked out well for our friends at one local firm in Shawnee, Oklahoma. The business was able to get an SBA loan for $30,000. Awesome! SBA Loan Borrower COMPANY TYPE: FOOD STORES SBA Loan Lender FIRST UNITED BANK & TRUST 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. SIC Code 5499 - Food Stores Loan Approval Date 4/18/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $24,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First United Bank & Trust 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: A Company That Helps Entrepreneurs SBA 7A Banks in Shawnee, Oklahoma
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