Raising Money for Power and Communication Line and Related Structures Construction

With these business loans for power and communication line and related structures construction, the SBA guarantees the lender that the loan will be repaid. This power and communication line and related structures construction loan for $600,000 was given to an Oklahoma entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Wellston, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Stroud National Bank, based in Stroud, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
WELLSTON, OK 74881

SBA Loan Lender

STROUD NATIONAL BANK
300 W MAIN ST
STROUD, OK 74079

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1623 - Water, Sewer, and Utility Lines

NAICS Code

237130 - Power and Communication Line and Related Structures Construction

Loan Approval Date

9/23/2003

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 20 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Stroud National Bank 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:

SBIR Funding

Find an SBA Lender in Stroud, Oklahoma

Oklahoma SBA 7A Banks