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May 9, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Morrison, Business Loans > Citizens State Bank Morrison Business Loans > Automotive Parts And Accessories Stores Loan | ||||
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Oklahoma Bank SBA Loans
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Entrepreneur Works With Morrison, Oklahoma Bank to Get an SBA LoanThinking about meeting with a Morrison, Oklahoma bank about an SBA loan? Here's one Oklahoma business loan, issued by a Morrison bank, that was approved by the SBA. Applying for an SBA loan with Citizens State Bank worked out well for our friends at one local company in Stillwater, Oklahoma. They got an SBA loan for $1,000,000. Awesome! SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES SBA Loan Lender CITIZENS STATE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 5/31/2002 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens State 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: Family and Friend Investors - Your First Financiers Where to Get an SBA Loan in Morrison, Oklahoma Find an SBA Lender in Oklahoma
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